Business Context and Reporting Period
This Form 8-K was filed by Baker Hughes, a GE Company on September 11, 2019. The filing reports a corporate governance event where the majority stockholder, General Electric Company (GE), approved a change to the Company's name via written consent.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a corporate name change and related governance actions.
Material Changes
- Corporate Name Change: The Company's name was officially changed from "Baker Hughes, a GE Company" to "Baker Hughes Company" effective September 11, 2019.
- Ownership Structure: As of the report date, GE held 521,543,095 shares of Class B common stock, representing 100% of that class and 50.2% of the Company's total outstanding voting securities.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It notes that a preliminary Information Statement on Schedule 14C was filed on September 16, 2019, and would be mailed to stockholders on or about September 26, 2019.
Investor Verification Checklist
- Confirm the effective date of the name change to "Baker Hughes Company."
- Verify the updated ticker symbol and trading name on the New York Stock Exchange (currently listed as BHGE).
- Review the Schedule 14C Information Statement for details on the amended certificate of incorporation.
- Check subsequent filings for the first financial report issued under the new corporate name.