GENERAL ELECTRIC CO
Item 1. Business 4, 10-18, 103-104
Item 1A. Risk Factors 44-51
Item 1B. Unresolved Staff Comments Not applicable
Item 2. Properties 4
Item 3. Legal Proceedings 98-101
Item 4. Mine Safety Disclosures Not applicable
Part II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 44
Item 6. Selected Financial Data Not applicable
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 5-43
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 27, 94-97
Item 8. Financial Statements and Supplementary Data 56-106
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure Not applicable
Item 9A. Controls and Procedures 52
Item 9B. Other Information Not applicable
Part III
Item 10. Directors, Executive Officers and Corporate Governance 107
Item 11. Executive Compensation (a)
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters (b), 92
Item 13. Certain Relationships and Related Transactions, and Director Independence (c)
Item 14. Principal Accountant Fees and Services (d)
Part IV
Item 15. Exhibits and Financial Statement Schedules 108-110
Item 16. Form 10-K Summary Not applicable
Signatures 112
(a)Incorporated by reference to “Compensation” in the 2021 Proxy Statement.
(b)Incorporated by reference to “Stock Ownership Information” in the 2021 Proxy Statement.
(c)Incorporated by reference to “Related Person Transactions” and “How We Assess Director Independence” in the 2021 Proxy Statement.
(d)Incorporated by reference to “Independent Auditor Information” in the 2021 Proxy Statement.
GE 2020 FORM 10-K 111
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this annual report on Form 10-K for the fiscal year ended December 31, 2020, to be signed on its behalf by the undersigned, and in the capacities indicated, thereunto duly authorized in the City of Boston and Commonwealth of Massachusetts on the 12th day of February 2021.
General Electric Company
(Registrant)
By /s/ Thomas S. Timko
Thomas S. Timko
Vice President, Chief Accounting Officer and Controller
(Principal Accounting Officer)
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Signer Title Date
/s/ Carolina Dybeck Happe Principal Financial Officer February 12, 2021
Carolina Dybeck Happe
Senior Vice President and
Chief Financial Officer
/s/ Thomas S. Timko Principal Accounting Officer February 12, 2021
Thomas S. Timko
Vice President, Chief Accounting Officer and Controller
/s/ H. Lawrence Culp, Jr. Principal Executive Officer February 12, 2021
H. Lawrence Culp, Jr.*
Chairman of the Board of Directors
Sébastien M. Bazin* Director
Ashton B. Carter Director
Francisco D'Souza* Director
Edward P. Garden* Director
Thomas W. Horton* Director
Risa Lavizzo-Mourey* Director
Catherine A. Lesjak* Director
Paula Rosput Reynolds* Director
Leslie F. Seidman* Director
James S. Tisch* Director
A majority of the Board of Directors
*By /s/ Christoph A. Pereira
Christoph A. Pereira
Attorney-in-fact
February 12, 2021
GE 2020 FORM 10-K 112