As Filed with the Securities and Exchange Commission on November 10, 1997

Total Page:16

File Type:pdf, Size:1020Kb

As Filed with the Securities and Exchange Commission on November 10, 1997 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 10, 1997 REGISTRATION NO. 333-37223 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------- AMENDMENT NO. 4 TO FORM S-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 --------------- HE HOLDINGS, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) --------------- DELAWARE 95-1778500 3812 (STATE OR OTHER (I.R.S. EMPLOYER (PRIMARY STANDARD JURISDICTION IDENTIFICATION NO.) INDUSTRIAL OF INCORPORATION OR CLASSIFICATION CODE ORGANIZATION) NUMBER) 7200 HUGHES TERRACE, LOS ANGELES, CALIFORNIA 90045-0066; (310) 568-7200 (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES) --------------- CHARLES S. REAM HE HOLDINGS, INC. 7200 HUGHES TERRACE LOS ANGELES, CALIFORNIA 90045-0066 (310) 568-7200 (NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE) COPIES TO: WARREN G. ANDERSEN ROBERT S. OSBORNE, P.C. JOHN T. KUELBS GENERAL MOTORS KIRKLAND & ELLIS HE HOLDINGS, INC. CORPORATION 200 EAST RANDOLPH DRIVE 7200 HUGHES TERRACE 3031 WEST GRAND BOULEVARD CHICAGO, IL 60601-6636 LOS ANGELES, CA 90045- DETROIT, MI 48202-3091 (312) 861-2000 0066 (313) 556-5000 (310) 568-7200 FREDERICK S. GREEN ADAM O. EMMERICH, ESQ. WEIL, GOTSHAL & MANGES LLP WATCHELL, LIPTON, ROSEN & KATZ 767 FIFTH AVENUE 51 WEST 52ND STREET NEW YORK, NY 10153 NEW YORK, NY 10019 (212) 310-8000 (212) 403-1000 --------------- APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as practicable after the requisite consents are obtained pursuant to the solicitation by General Motors Corporation referred to in the Registration Statement. If the securities being registered on this Form are being offered in connection with the formation of a holding company and there is compliance with General Instruction G, check the following box. [_] --------------- THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(A), MAY DETERMINE. - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- LOGO SOLICITATION OF WRITTEN CONSENT OF GENERAL MOTORS CORPORATION COMMON STOCKHOLDERS THE HUGHES TRANSACTIONS LOGO WE ARE ASKING OUR COMMON STOCKHOLDERS TO APPROVE THE FOLLOWING "HUGHES TRANSACTIONS" RELATING TO THE THREE PRINCIPAL BUSINESSES OF OUR HUGHES ELECTRONICS SUBSIDIARY. DEFENSE ELECTRONICS WE PROPOSE TO SPIN OFF OUR DEFENSE ELECTRONICS BUSINESS, APPROXIMATELY 58.7% TO OUR CLASS H COMMON STOCKHOLDERS AND 41.3% TO OUR $1 2/3 COMMON STOCKHOLDERS (ESTIMATED BASED ON RECENT STOCK PRICES). IMMEDIATELY AFTER THE SPIN-OFF, THIS BUSINESS WILL MERGE WITH RAYTHEON COMPANY. AUTOMOTIVE ELECTRONICS WE PROPOSE TO TRANSFER OUR AUTOMOTIVE ELECTRONICS BUSINESS FROM HUGHES ELECTRONICS TO GENERAL MOTORS. AS A RESULT, THE APPROXIMATELY 25.6% TRACKING STOCK INTEREST IN THIS BUSINESS CURRENTLY HELD BY OUR CLASS H COMMON STOCKHOLDERS WILL IN EFFECT BE ALLOCATED TO OUR $1 2/3 COMMON STOCKHOLDERS. TELECOMMUNICATIONS AND SPACE WE PROPOSE TO RECAPITALIZE OUR CLASS H COMMON STOCK INTO A NEW TRACKING STOCK INTEREST OF APPROXIMATELY 25.6% IN OUR TELECOMMUNICATIONS AND SPACE BUSINESS. THIS BUSINESS WILL ALSO BE PROVIDED WITH A SUBSTANTIAL AMOUNT OF NEW CAPITAL FUNDING. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THE HUGHES TRANSACTIONS OR THE NEW CLASS H COMMON STOCK OR THE CLASS A COMMON STOCK TO BE ISSUED PURSUANT TO THIS SOLICITATION STATEMENT/PROSPECTUS. THE SECURITIES AND EXCHANGE COMMISSION HAS NOT PASSED UPON THE FAIRNESS OR MERITS OF THE HUGHES TRANSACTIONS OR UPON THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED IN THIS SOLICITATION STATEMENT/PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THE DATE OF THIS SOLICITATION STATEMENT/PROSPECTUS IS NOVEMBER 10, 1997. UNTIL 25 DAYS AFTER THE DATE OF MAILING OF THIS SOLICITATION STATEMENT/PROSPECTUS, ALL DEALERS EFFECTING TRANSACTIONS IN CLASS A COMMON STOCK OR NEW GM CLASS H COMMON STOCK, WHETHER OR NOT PARTICIPATING IN THIS DISTRIBUTION, MAY BE REQUIRED TO DELIVER A PROSPECTUS. THIS IS IN ADDITION TO THE OBLIGATION OF DEALERS TO DELIVER A PROSPECTUS WHEN ACTING AS UNDERWRITERS AND WITH RESPECT TO THEIR UNSOLD ALLOTMENTS OR SUBSCRIPTIONS. TABLE OF CONTENTS TABLE OF CONTENTS PAGE ---- CHAPTER 1: INTRODUCTION................................................... 1 Introduction to the Hughes Transactions................................. 3 Summary Financial Information........................................... 10 Recent Developments..................................................... 23 CHAPTER 2: RISK FACTORS................................................... 25 Risk Factors Relating to the Hughes Transactions........................ 27 Risk Factors Relating to the Business of New Hughes Electronics......... 30 Risk Factors Relating to GM's Dual-Class Common Stock Capital Structure. 32 Additional Risk Factors Regarding New GM Class H Common Stock........... 34 Risk Factors Regarding New Raytheon After the Raytheon Merger........... 36 CHAPTER 3: THE HUGHES TRANSACTIONS AND THE RAYTHEON MERGER................................................... 39 Special Factors......................................................... 41 Description of the Hughes Transactions.................................. 101 Description of the Raytheon Merger...................................... 113 Separation and Transition Arrangements.................................. 136 CHAPTER 4: FINANCIAL AND BUSINESS REVIEWS................................. 149 General Motors Pro Forma Consolidated Capitalization.................... 151 Introduction to the Financial and Business Reviews of Hughes Defense, Delco and Hughes Telecom............................................... 153 Hughes Defense Selected Combined Historical Financial Data.............. 154 Hughes Defense Management's Discussion and Analysis of Financial Condition and Results of Operations.................................... 155 Business of Hughes Defense.............................................. 159 Delco Selected Combined Historical and Pro Forma Financial Data......... 168 Delco Unaudited Pro Forma Condensed Combined Financial Statements....... 169 Delco Notes to Unaudited Pro Forma Condensed Combined Financial Statements............................................................. 172 Delco Management's Discussion and Analysis of Financial Condition and Results of Operations.................................................. 173 Business of Delco....................................................... 177 Hughes Telecom Selected Combined Historical and Pro Forma Financial Data................................................................... 184 Hughes Telecom Unaudited Pro Forma Condensed Combined Financial Statements............................................................. 185 Hughes Telecom Notes to Unaudited Pro Forma Condensed Combined Financial Statements............................................................. 189 Hughes Telecom Management's Discussion and Analysis of Financial Condition and Results of Operations.................................... 192 Business of Hughes Telecom.............................................. 197 Raytheon Selected Combined Historical and Pro Forma Financial Data...... 212 Overview of Raytheon Business........................................... 213 i TABLE OF CONTENTS TABLE OF CONTENTS PAGE ---- CHAPTER 5: NEW RAYTHEON................................................. 215 New Raytheon Unaudited Pro Forma Combined Condensed Financial Statements.......................................................... 217 New Raytheon Notes to Unaudited Pro Forma Combined Condensed Financial Statements................................................ 221 Overview of New Raytheon Business.................................... 224 New Raytheon Management.............................................. 226 New Debt of Hughes Defense to be Assumed by New Raytheon............. 231 CHAPTER 6: CAPITAL STOCK................................................ 233 Comparison of GM Class H Common Stock, New GM Class H Common Stock and Class A Common Stock............................................ 235 Considerations Relating to GM's Dual-Class Common Stock Capital Structure........................................................... 245 GM Class H Common Stock.............................................. 249 New GM Class H Common Stock.......................................... 253 New Raytheon Capital Stock........................................... 258 CHAPTER 7: CONSENT SOLICITATION AND CERTAIN OTHER MATTERS............... 267 Solicitation of Written Consent of GM's Common Stockholders.......... 269 Security Ownership of Certain Beneficial Owners and Management of General Motors...................................................... 272 Forward-Looking Information
Recommended publications
  • General Motors Corporation 2003 Annual Report
    General Motors CorporationGeneral Motors Corporation Annual 2003AnnualReport Report 2003 General Motors Corporation Renaissance Center P.O. Box 300 Detroit, MI 48265-3000 www.gm.com drive: 4000-AR-2003 Contents General Information 2 Letter to Stockholders 44 Management’s Discussion and Analysis 4 Financial Highlights 57 Independent Auditors’ Report 8 Drive: Great products 58 Consolidated Financial Statements Common Stock savings plan participants may enroll at GM Customer Assistance Centers 18 Drive: Design 65 Notes to Consolidated Financial Statements GM common stock, $1-2/3 par value, is listed www.econsent.com/gm. Beneficial stockholders, To request product information or to receive 24 Drive: Markets 96 Board of Directors and Committees on the New York Stock Exchange and on other who hold their GM stock through a broker or assistance with your vehicle, please 32 Drive: Further 98 Officers and Operating Executives exchanges in the United States and around bank, may sign up at www.icsdelivery.com/gm contact the appropriate marketing unit: 38 Drive: Choices IBC General Information the world. if their broker or bank participates in electronic 42 Drive: Commitment Chevrolet: 800-222-1020 delivery. Ticker symbol: GM Pontiac: 800-762-2737 Securities and Institutional Analyst Queries Oldsmobile: 800-442-6537 Annual Meeting GM Investor Relations Buick: 800-521-7300 The GM Annual Meeting of Stockholders will be General Motors Corporation held at 9 a.m. ET on Wednesday, June 2, 2004, Cadillac: 800-458-8006 Mail Code 482-C34-D71 in Wilmington, Delaware. GMC: 800-462-8782 300 Renaissance Center Saturn: 800-553-6000 P. O. Box 300 Stockholder Assistance Detroit, MI 48265-3000 HUMMER: 866-486-6376 Stockholders requiring information about their 313-667-1669 Saab: 800-722-2872 accounts should contact: GM of Canada: 800-263-3777 EquiServe Available Publications GM Mobility: 800-323-9935 General Motors Corporation Annual Report P.
    [Show full text]
  • Reorganization Strengthened Delco to Deal with a Challenging
    reorganization strengthened Delco to deal business that is succeeding. Employee byes are with a challenging competitive environment. disrupted, customer relationships must be pre· making possible new steps toward rightsizing served. shareholders need to be assured and sat· and structural cost reductions, accelerated Isfied even as the need to do daily banlc with technology introduction into GM's North the competitIOn continues. /\merican Operanons, and a realignment of Yet. at each stage in our company's history. International operations to sharpen focus on Hughes has always been a place where people profitable growth accept change as challenge - a company that's been too busy defining the future to be afraid As the fastest growing segment of Hughes of it. We are confident the changes we're mak· Electronics, Telecommunications and Space ing in 1997 will serve to solidify the one con· posted a 33% growth rate in 1996 - with total stant through Hughes' long history - securing revenues of $4.1 billion. Hughes Space and this company's legacy as an industry leader for Communications increased revenues by 21 %, years to come. Hughes Nerwork Systems broke the $1 billion revenue threshold for the first time, while the PanAmSat merger announcement marked a major milestone on the path to a truly global C. Michael Armstrong communications service. DIRECTV in the Chairman of the Board and United States, attained a subscriber base of 2.5 Chief Executive Officer million in early 1997, making it equivalent in size to the nation's seventh largest cable televi­ sion company. Using technology, talent and investment to lead in markets, to build new businesses, to cre­ Charles H.
    [Show full text]
  • Autoalliance International Inc. 1 International
    AutoAlliance International Inc. 1 International Drive, Flat Rock, MI 48134 734-782-7800 General Manager Assistant General General Manager Chairman President, CEO & COO Exec. VP Operations VP Corp. Planning VP Purchasing VP Human Resources Manufacturing Manager Manufacturing Finance Takashi Yamanouchi Philip G. Spender Toru Oka Toshiki Hiura Linda Theisen Guy Trupiano John Kalson Bill Cumbaa Deepak Ahuja BMW of North America LLC 300 Chestnut Ridge Road, Woodcliff Lake, NJ 07675 201-307-4000 Chairman & CEO* VP Marketing VP Aftersales & Engineering Executive VP of Operations General Sales Manager Tom Purves Jim McDowell Hans Duenzl Ed Robinson Peter Moore Manager Corporate Services Market Research General Manager, Retail & Purchasing & Analysis Manager & Industry Relations General Manager, Mini USA Manager Marketing Communications Manager Corporate Communications Patty Halpin Bill Pettit Thomas McGurn Jack Pitney Tom Stepanchak Rob Mitchell *BMW (US) Holding Corp. BMW Manufacturing Corp. P.O. Box 11000, Spartanburg, SC 29304 864-989-6000 VP Engineering & Quality President VP Assembly VP Body VP Paint Management VP New Models Helmut Leube Bernhard Lenzen Manfred Moser Doug Bartow Peter Tuennermann Dieter Lauterwasser VP Logistics, VP Corp. & Associate Communications, VP Procurement Information Technology VP Finance VP Human Resources Environmental Services Manager Media & Public Affairs Enno Biermann Manfred Stoeger Robert Nitto Kathleen Wall Carl W. Flesher Robert Hitt CAMI Automotive Inc. 300 Ingersoll St., Ingersoll, Ontario, Canada N5C 4A6 519-485-6400 President VP Finance Executive VP Planning Director Manufacturing Director New Model Development Simon Boag Janice Uhlig Kazuo Suzuki Les Bogar Larry Goslin DaimlerChrysler Corp. 1000 Chrysler Drive, Auburn Hills, MI 48326 248-576-5741 President & CEO Executive VP Executive VP Chrysler Executive VP Product Chairman DaimlerChrysler AG DaimlerChrysler Corp.
    [Show full text]
  • GM 2004 Annual Report
    General Motors Corporation 2004 Annual Report Hands on the wheel. Eyes on the road. Contents 2 Financial Highlights 42 Corporate and Social Responsibility 3 Letter to Stockholders 44 Management’s Discussion and Analysis 8 Drive more great new cars and trucks. 59 Independent Auditors’ Report 20 Drive breakthrough technology. 60 Consolidated Financial Statements 26 Drive one company further. 67 Notes to Consolidated Financial Statements 32 Drive more dreams to reality. 102 Board of Directors and Committees 36 Drive to a bright new future. 104 Senior Leadership Group 40 At a Glance Inside Back Cover General Information We’re on the right road. Our cars and trucks are getting better all the time. Our quality is now back among the best in the industry. We’re stronger and more globally integrated than ever. But it’s not enough. The world is not standing still while we improve. We have to be faster. Bolder. Better. With our hands fi rmly guiding the wheel and eyes focused confi dently on the road ahead, that’s what we’re determined to do. Financial Highlights (Dollars in millions, except per share amounts) Years ended December 31, 2004 2003 2002 Total net sales and revenues $193,517 $185,837 $177,867 Worldwide wholesale sales (units in thousands) 8,241 8,098 8,411 Income from continuing operations $÷÷2,805 $÷÷2,862 $÷÷1,975 (Loss) from discontinued operations – $÷÷÷(219) $÷÷÷(239) Gain on sale of discontinued operations – $÷÷1,179 – Net income $÷÷2,805 $÷÷3,822 $÷÷1,736 Net profi t margin from continuing operations 1.4% 1.5% 1.1% Diluted earnings
    [Show full text]
  • XM Radio Closes $475 Million Financing Package
    NEWS RELEASE XM Radio Closes $475 Million Financing Package 1/28/2003 COMPANY ALSO CLOSES EXCHANGE OFFER WITH 92 PERCENT PARTICIPATION Washington D.C., January 28, 2003 -- XM Satellite Radio Inc. (Nasdaq: XMSR) today closed on its $475 million funding package - consisting of $225 million in new funds from strategic and financial investors and $250 million in payment deferrals and related credit facilities from General Motors. XM also closed its exchange offer with respect to its outstanding 14 percent Senior Secured Notes due 2010. XM had offered its noteholders a package of cash and new securities, including new 14 percent Senior Secured Discount Notes due 2009 and warrants to purchase common stock. Over $300 million, representing 92 percent of the outstanding issue of Existing Notes, were tendered. 25,514,960 warrants, exercisable at $3.18 per share, have been issued to noteholders. The company was advised on these transactions by Bear, Stearns & Co., Merrill Lynch & Co. and Veronis Suhler Stevenson. "The completion of these financings and refinancings under today's difficult investment conditions is a critical milestone in XM's road to becoming a major entertainment company. The funding acquired, coupled with recent GM/Honda OEM announcements and the marketplace success of new XM receiver products in the retail marketplace, gives us a clear path to cashflow breakeven in 2004. Our management team and employees will continue their focus on executing each element of our business plan and delivering exciting, innovative services to our growing base of customers," said XM President and CEO Hugh Panero. The $225 million in new funding is in the form of 10 percent Senior Secured Discount Convertible Notes due in 2009 and a small concurrent common stock sale.
    [Show full text]
  • LNA2004 PROFILES I.Qxd
    AdAgeSPECIALREPORT6.28.04 49TH ANNUAL 1010 0 0 LEADING NATIONAL ADVERTISERS U.S. MARKETER PROFILE EDITION Ad Age’s exclusive national ad spending estimates, Age Special Report, (AA, June 28), additional elec- as well as measured brand spending, key personnel tronic copies of this report can be downloaded from at the client, agency and media specialist are pro- AdAge.com QwikFIND aap73j. More information is filed for top 100 marketers. A supplement to the Ad available in the AdAge.com DataCenter. INSIDE Total by media and category The rankings Marketer profiles Annual domestic ad spending totals by 100 top U.S. advertisers ranging from Ad dollars by brand, sales, earnings, media and industry No. 1 GM to No. 100 Canon agencies and key marketing personnel PAGE 3 PAGES 4 and 5 PAGE 6 to 83 This document, and information contained therein, is the copyrighted property of Crain Communications Inc. and The Ad Age Group (© Copyright 2004) and is for your personal, non-commercial use only. You may not be reproduce, display on a website, distribute, sell or republish this document, or the information contained therein, without the prior written consent of The Ad Age Group. 100LEADINGNATIONALADVERTISERS June 28, 2004 | Advertising Age |2 Ⅵ ADVERTISING AGE’S EXCLUSIVE RANKING OF THE NATION’S TOP SPENDERS About this profile edition THE 100 LEADING NATIONAL Advertisers unmeasured spending estimates both for TNSMI/CMR’s Stradegy product pro- boosted their spending in all forms of the Top 100 ($38.1 billion) and for all vided measured spending in 15 national advertising by 9% to $90.31 billion in advertisers ($117.1 billion) in the U.S.
    [Show full text]
  • La Storia Del Logo Gm
    La storia del logo Gm General Motors Nazione Stati Uniti d'America Tipologia Public company Borse valori NYSE: GM Fondazione 1908 a Detroit, (MI), USA Sede principale Detroit Filiali Buick Cadillac Chevrolet GM Daewoo GMC Holden Opel Vauxhall Motors Persone chiave Edward Whitacre, presidente Daniel Akerson, AD Settore autoveicoli Prodotti autovetture autocarri motori servizi finanziari Dipendenti 284.000 (2007) Slogan Mark of Excellence Sito web www.gm.com La General Motors Corporation, nota anche come GM, è un'azienda statunitense produttrice di autoveicoli, con marchi presenti in tutto il mondo quali: Buick, Cadillac, Chevrolet, Daewoo, GMC, Holden, Vauxhall Motors e Opel. Le divisioni Chevrolet e GMC producono anche camion. Altri marchi del gruppo sono ACDelco, Allison Transmission e General Motors Electro-Motive Division, che produce locomotive elettriche e diesel. GM ha posseduto anche quote di Isuzu, Subaru e Suzuki in Giappone, ed una joint venture con la AvtoVAZ (Lada) in Russia. Nel dicembre 2003 ha acquisito la Delta in Sudafrica, della quale possedeva il 45% delle quote dal 1997, e che ora è una sussidiaria completamente posseduta della General Motors South Africa. La General Motors è uno dei più importanti gruppi automobilistici mondiali, e storicamente è tra le prime aziende statunitensi per fatturato. Impiega oltre 200.000 dipendenti. Nel 2001 la GM ha venduto 8,5 milioni di veicoli tramite tutte le sue branche. Nel 2002 ha il 15 per cento di tutte le auto e i camion a livello mondiale. Ha posseduto la Electronic Data Systems dal 1984 al 1996 e, prima di venderla alla News Corporation, DirecTV. GM controllò Frigidaire da 1918 al 1979.
    [Show full text]
  • The Encyclopedia of Conspiracies and Conspiracy Theories
    THE ENCYCLOPEDIA OF CONSPIRACIES AND CONSPIRACY THEORIES Michael Newton For Harold Weisberg The Encyclopedia of Conspiracies and Conspiracy Theories Copyright © 2006 by Michael Newton All rights reserved. No part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage or retrieval systems, without permission in writing from the publisher. For information contact: Facts On File, Inc. 132 West 31st Street New York NY 10001 Library of Congress Cataloging-in-Publication Data Newton, Michael, 1951– The encyclopedia of conspiracies and conspiracy theories / by Michael Newton. p. cm. Includes bibliographical references and index. ISBN 0–8160–5540–8 (hc: alk. paper) 1. Conspiracies—Encyclopedias. I. Title. HV6275.N49 2004 364.1’03—dc222004004284 Facts On File books are available at special discounts when purchased in bulk quantities for businesses, associations, institutions, or sales promotions. Please call our Special Sales Department in New York at (212) 967-8800 or (800) 322-8755. You can find Facts On File on the World Wide Web at http://www.factsonfile.com Text design by Erika K. Arroyo Cover design by Nora Wertz Printed in the United States of America VB FOF 10 9 8 7 6 5 4 3 2 1 This book is printed on acid-free paper. Contents Preface iv Entries A–Z 1 Bibliography 398 Index 404 Preface Black’s Law Dictionary defines a conspiracy as “a The fact that thousands of conspiracies exist combination or confederacy between two or more and have been amply documented does not mean, of persons formed for the purpose of committing, by course, that every theoretical conspiracy is true.
    [Show full text]
  • Hughes ERISA Affiliate
    INDEX OF DEFINED TERMS Affiliate ......................................................................................................................................... 16 Agreement ...... Ancillary Separation Agree ............................. ...................... 4 Applicable Law ................. Business Days ............................................................................................................................... 19 Certificates .............. .............................................................................................. 14 Closing Date ............ ................................................................................ Code ................................................................................................................................................ 3 Confidential.. Information ............................................................................................................... 10 Confidentlallty Agreement ............................................................................................................ 21 Control ................................................................................................................ ......................... 16 D&O Insurance ............................................................................................................................... 7 D&O Insurance Policy ...................... ..................................................... 8 Disclosure Documents ...............................................................
    [Show full text]
  • The Dispatcher July 2018
    July 2018 Volume 5, Issue 9 The Dispatcher In this issue: Telematics Industry Insights by Michael L. Sena GM’s OnStar 1-2 Learning from GM’s OnStar Experiment An experimental work in progress ONSTAR IS AN EXPERIMENT and it is still a work in progress. In the Dispatch Central spring of 2018, GM management hit the reset button for its twenty- Quo Vadis Circenses? two-year-old sub-brand, saying that it would return to its original Dispatch Central 1-5 LARGE AUTO SHOWS, like those purpose of providing call center services to GM vehicle owners in in Detroit and Frankfurt, can Future of auto shows need of assistance. If a crash or breakdown occurs, ONSTAR per- feel like a circus. If you are Top car brands sonnel will be there to take the call and location message and de- working in the auto industry, Veoneer spins out from liver the necessary assistance as quickly as possible. It will leave you have the feeling that the Autoliv to the main car and truck brands, Buick, Cadillac, Chevrolet and shows are meant to flaunt German numbers GMC, the delivery of the other types of services it had added to your company’s wares to its portfolio, such as satellite radio, Wi-Fi hotspot and remote ac- other car company staff and Over-the-Air Updates 3-4 cess. The changes became effective in the U.S. and Canada on to give the media a chance to May 1st. Absolutely indispensable get a look at your latest When I dug a bit deeper and looked at what the reset actually models so they can write EU on Mobility 5 meant in practice, I found very little was being changed, at least glowing reviews.
    [Show full text]
  • General Motors Corporation 2 0 0 2 Annual Report
    General Motors Corporation 2 0 0 2 Annual Report drive Contents 2 Financial Highlights 42 Management’s Discussion and Analysis 3 Letters to Stockholders 55 Independent Auditors’ Report 8 The drive to excite 56 Consolidated Financial Statements 16 The drive to excel 63 Notes to Consolidated Financial Statements 22 The drive to lead 94 Corporate and Social Responsibility 30 The drive to improve 96 Board of Directors 36 The drive to the future 98 Officers and Operating Executives 40 GM at a Glance IBC General Information Drive. It’s the key to success. It’s the motivation. The energy. The passion. It’s an intense desire to excel—one that’s never quenched by success, only made more intense, because every achievement only brings into greater focus what can be achieved. Drive. Put it in gear. It’s never been more important to keep moving forward. General Motors Corporation 1 Financial Highlights The following amounts are presented on a reported basis, and therefore include the impact of special items discussed on page 42 of the Management’s Discussion and Analysis of Financial Condition and Results of Operations. (Dollars in millions,except per share amounts) Years ended December 31, 2002 2001 2000 Total net sales and revenues $186,763 $177,260 $184,632 Worldwide wholesale sales (units in thousands) 8,411 8,073 8,746 Net income $÷÷1,736 $÷÷÷«601 $÷÷4,452 Net profit margin 0.9% 0.3% 2.4% Earnings (losses) attributable to common stocks Earnings attributable to $1-2/3 par value $÷÷1,885 $÷÷÷«984 $÷÷3,957 Earnings (losses) attributable to Class
    [Show full text]
  • Supplemental Baker Mckenzie Supplemental Declaration for Retention
    UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------------------------------------x : In re : Chapter 11 Case No. : MOTORS LIQUIDATION COMPANY, et al., : 09-50026 (REG) f/k/a General Motors Corp., et al. : : Debtors. : (Jointly Administered) : ---------------------------------------------------------------x AMENDED AND RESTATED DECLARATION OF A. DUANE WEBBER AND DISCLOSURE STATEMENT OF BAKER & McKENZIE PURSUANT TO SECTIONS 327(e), 329 AND 504 OF THE BANKRUPTCY CODE AND RULE 2014(a) OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE IN SUPPORT OF APPLICATION OF DEBTORS FOR ENTRY OF ORDER PURSUANT TO 11 U.S.C. §§ 327(E) AND FED. R. BANKR. P. 2014 AUTHORIZING RETENTION AND EMPLOYMENT OF BAKER & MCKENZIE AS SPECIAL COUNSEL, NUNC PRO TUNC TO THE COMMENCEMENT DATE I, A. Duane Webber, declare as follows: 1. Since 1985, I have been duly licensed to practice as an attorney in the State of Maryland and since 1986, I have been duly licensed to practice as an attorney in the District of Columbia. I am a Partner in the law firm of Baker & McKenzie (“Baker,” or the “Firm”), located at 815 Connecticut Avenue, Suite 900, Washington, D.C. 20006, and other locations in the United States and throughout the world. I submit this amended and restated declaration (this “Declaration”) in support of the Debtors’ Application For Entry Of Order Pursuant To 11 U.S.C. §§ 327(e) And Fed. R. Bankr. P. 2014 Authorizing Retention And Employment Of Baker & McKenzie As Special Counsel, Nunc Pro Tunc To The Commencement Date (the US_ACTIVE:\43121805\02\43121805_2.DOC\72240.0639 “Application”)1 and to provide the disclosures required under rules 2014(a) and 2016(b) of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”) and 2014-1 of the Local Bankruptcy Rules for the United States Bankruptcy Court for the Southern District of New York (the “Local Rules”).
    [Show full text]