• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13D/A filed by Garrett Motion Inc. (Amendment)

    8/10/23 11:27:14 AM ET
    $GTX
    Auto Parts:O.E.M.
    Consumer Discretionary
    Get the next $GTX alert in real time by email
    SC 13D/A 1 doc1.htm NONE Schedule 13D


    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549



    SCHEDULE 13D
    Under the Securities Exchange Act of 1934
    (Amendment No. 05 )*

    Garrett Motion Inc.

    (Name of Issuer)


    Common Stock

    (Title of Class of Securities)


    366505105

    (CUSIP Number)


    Seth A. Klarman,  The Baupost Group, L.L.C.  10 St. James Ave  BOSTON,  Massachusetts  02116  Phone : (617) 210-8300

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)


    August 04, 2023

    (Date of Event which Requires Filing of this Statement)



    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.    o

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
     


    1
    NAMES OF REPORTING PERSONS
       
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
    The Baupost Group, L.L.C.
    04-3402144
       
       
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    o
     
    (b)
    x
       
    3
    SEC USE ONLY
       
         
       
    4
    SOURCE OF FUNDS
       
    AF
       
       
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f)
     
    o
     
       
       
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
    State of Delaware
       
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
       
    0
       
       
    8
    SHARED VOTING POWER
       
    5,987,289
       
       
    9
    SOLE DISPOSITIVE POWER
       
    0
       
       
    10
    SHARED DISPOSITIVE POWER
       
    5,987,289
       
       
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
    5,987,289
       
       
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
     
    o
     
       
       
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       
    2.31%
       
       
    14
    TYPE OF REPORTING PERSON
       
    IA
       
       
     
     
    1
    NAMES OF REPORTING PERSONS
       
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
    Baupost Group GP, L.L.C.
    82-3254604
       
       
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    o
     
    (b)
    x
       
    3
    SEC USE ONLY
       
         
       
    4
    SOURCE OF FUNDS
       
    AF
       
       
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f)
     
    o
     
       
       
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
    State of Delaware
       
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
       
    0
       
       
    8
    SHARED VOTING POWER
       
    5,987,289
       
       
    9
    SOLE DISPOSITIVE POWER
       
    0
       
       
    10
    SHARED DISPOSITIVE POWER
       
    5,987,289
       
       
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
    5,987,289
       
       
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
     
    o
     
       
       
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       
    2.31%
       
       
    14
    TYPE OF REPORTING PERSON
       
    HC
       
       
     
     
    1
    NAMES OF REPORTING PERSONS
       
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
    Seth A. Klarman
       
       
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    o
     
    (b)
    x
       
    3
    SEC USE ONLY
       
         
       
    4
    SOURCE OF FUNDS
       
    AF
       
       
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f)
     
    o
     
       
       
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
    The United States of America
       
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
       
    0
       
       
    8
    SHARED VOTING POWER
       
    5,987,289
       
       
    9
    SOLE DISPOSITIVE POWER
       
    0
       
       
    10
    SHARED DISPOSITIVE POWER
       
    5,987,289
       
       
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
    5,987,289
       
       
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
     
    o
     
       
       
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       
    2.31%
       
       
    14
    TYPE OF REPORTING PERSON
       
    HC
       
       
     
     
     
     
    Item 1.
    Security and Issuer
      
     
     
    Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission (the "Commission'') by the Reporting Persons with respect to the Common Stock of the Issuer on May 07, 2021 (the "Schedule 13D''). Terms defined in the Schedule 13D are used herein as so defined. Except as specifically provided herein, this amendment ("Amendment No. 5") does not modify any of the information previously reported in the Schedule 13D.
     
    Item 2.
    Identity and Background
      
     
     
    (a)

     
    (b)

     
    (c)

     
    (d)

     
    (e)

     
    (f)
     
    Item 3.
    Source and Amount of Funds or Other Consideration
      
     
     
     
    Item 4.
    Purpose of Transaction
      
     

     
    (a)

     
    (b)

     
    (c)

     
    (d)

     
    (e)

     
    (f)

     
    (g)

     
    (h)

     
    (i)

     
    (j)
     
    Item 5.
    Interest in Securities of the Issuer
      
     
    (a)
    The responses to Items 7-13 of the cover pages of this Schedule 13D are incorporated by reference herein.

     
    (b)
    The responses to Items 7-13 of the cover pages of this Schedule 13D are incorporated by reference herein.

     
    (c)
    During the past 60 days, none of the Reporting Persons has effected any transactions in shares of Common Stock or Series A Preferred Stock except as described below.

     
     
    Transaction Date Shares or Units Purchased (Sold) Price Per Share or Unit 
     
     
    August 02, 2023
    August 08, 2023
     (1,900,000) shares of Common Stock
    (8,000,000) shares of Common Stock
     $7.90
    $7.70
     

     
     

     
    (d)
    No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Common Stock or Series A Preferred Stock set forth above.

     
    (e)
    8/4/23
     
    Item 6.
    Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
      
     
     
    In connection with the repurchase of 8,000,000 shares by the Company from Baupost on August 8, 2023, Baupost represented to the Company that it would agree to certain limitations during the subsequent 6 month period on sales of the remaining shares of the Company held by Baupost.
     
    Item 7.
    Material to Be Filed as Exhibits
      
     
     
     

    Signature
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    The Baupost Group, L.L.C.
     
           
    August 08, 2023
    By:
    /s/ Seth A. Klarman
     
       
    Chief Executive Officer
     
           
     
    Baupost Group GP, L.L.C.
     
           
    August 08, 2023
    By:
    /s/ Seth A. Klarman
     
       
    Managing Member
     
           
     
    Seth A. Klarman
     
           
    August 08, 2023
    By:
    /s/ Seth A. Klarman
     
       
     
           
     
    The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

    Footnotes: 
     
    Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
     
     


    Get the next $GTX alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $GTX

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $GTX
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Garrett Motion Reports First Quarter 2025 Financial Results; Wins First Major Series Production Award For Electric Motors

      First Quarter 2025 Financial Highlights Net sales totaled $878 million, down 4% on a reported basis and down 2% on a constant currency* basisNet income totaled $62 million; Net income margin of 7.1%Adjusted EBIT* totaled $131 million; Adjusted EBIT margin* of 14.9%Net cash provided by operating activities totaled $56 millionAdjusted free cash flow* totaled $36 millionReiterating full-year outlook First Quarter 2025 Business Highlights Continue to win across all turbo, plug-in hybrids and range extended electric vehicle applications Secured new wins in Asia and Europe for commercial vehicles and industrial power generation applications Won first major series production award fo

      5/1/25 6:55:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Garrett and HanDe Sign Strategic Partnership, Including Series Production Award to Accelerate Electrification of Heavy-Duty Trucks with Advanced E-Axle Systems

      ROLLE, Switzerland and PLYMOUTH, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider and Shaanxi Hande Axle Co., Ltd. (HanDe), a leading Chinese axle manufacturer for commercial vehicles, have signed a strategic agreement, including a series production award, to co-develop and manufacture advanced electric beam axle systems for medium and heavy-duty trucks. The signing took place today at the Shanghai Auto Show—China's flagship platform for mobility innovation—marking a significant milestone in the electrification of commercial transport. Right after signing: Mr. Olivier Rabiller (President and CEO of Garret

      4/23/25 7:30:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Advancing Motion: Garrett Presents Breakthrough Electrification and Turbocharging Innovations at Auto Shanghai 2025

      First public showcase in China of 3-in-1 E-Powertrain and E-Cooling Compressor technologies, advancing zero-emission vehicle performanceDifferentiated turbocharging solutions for passenger and commercial vehicles, supporting emissions reduction and efficiencyHybrid-optimized boosting solutions to maximize fuel economy in PHEV and REEV applications ROLLE, Switzerland and PLYMOUTH, Mich., April 22, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider, is presenting its latest innovations at Auto Shanghai 2025 (April 23–May 2), including the China debut of its 3-in-1 E-Powertrain and E-Cooling Compressor—two breakthrough technolog

      4/22/25 7:29:59 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    Leadership Updates

    Live Leadership Updates

    See more
    • Paul A. Camuti Appointed to Board of Directors of Garrett Motion Inc.

      ROLLE, Switzerland, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) (the "Company"), a leading differentiated automotive technology provider, today announced the appointment of Paul A. Camuti to its Board of Directors. Mr. Camuti brings over 30 years of experience in innovation and technology, with a significant focus on the industrial sector. Since 2020, he has served as Executive Vice President, Chief Technology and Sustainability Officer of Trane Technologies, overseeing the company's technical strategy, innovation practices, and sustainability efforts. Prior to Trane Technologies, a spin-off from Ingersoll Rand, Mr. Camuti held several senior executive positions of

      2/12/24 7:30:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Lordstown Motors Appoints Daniel A. Ninivaggi as Chief Executive Officer

      LORDSTOWN, Ohio, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corporation (NASDAQ:RIDE), ("Lordstown Motors"), a leader in electric light-duty trucks focused on the commercial fleet market, announced today that its Board of Directors has appointed Daniel A. Ninivaggi as CEO and as a member of the Board, effective immediately. Ninivaggi is the former CEO of Icahn Enterprises L.P. (NASDAQ:IEP), a diversified holding company controlled by Carl C. Icahn, and has served in a variety of senior leadership positions in the automotive and transportation industries. He began his automotive career at Lear Corporation, ultimately serving as Executive Vice President, where he was responsible

      8/26/21 7:00:00 AM ET
      $GTX
      $IEP
      $RIDE
      Auto Parts:O.E.M.
      Consumer Discretionary
      Auto Manufacturing

    $GTX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • BWS Financial initiated coverage on Garrett Motion with a new price target

      BWS Financial initiated coverage of Garrett Motion with a rating of Buy and set a new price target of $15.00

      6/3/21 9:25:16 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Cyrus Capital Partners, L.P. sold $1,743,099 worth of shares (155,000 units at $11.25) (SEC Form 4)

      4 - Garrett Motion Inc. (0001735707) (Issuer)

      5/7/25 4:18:22 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Large owner Cyrus Capital Partners, L.P. sold $1,000,290 worth of shares (100,000 units at $10.00) (SEC Form 4)

      4 - Garrett Motion Inc. (0001735707) (Issuer)

      5/5/25 4:15:41 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • SVP & Chief Human Res. Officer Spenninck Fabrice covered exercise/tax liability with 5,377 shares, decreasing direct ownership by 3% to 151,464 units (SEC Form 4)

      4 - Garrett Motion Inc. (0001735707) (Issuer)

      5/2/25 6:09:10 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    SEC Filings

    See more
    • SEC Form 10-Q filed by Garrett Motion Inc.

      10-Q - Garrett Motion Inc. (0001735707) (Filer)

      5/1/25 7:08:12 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Garrett Motion Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Garrett Motion Inc. (0001735707) (Filer)

      5/1/25 7:02:25 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • SEC Form DEFA14A filed by Garrett Motion Inc.

      DEFA14A - Garrett Motion Inc. (0001735707) (Filer)

      4/9/25 8:39:22 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    Financials

    Live finance-specific insights

    See more
    • Garrett Motion Reports First Quarter 2025 Financial Results; Wins First Major Series Production Award For Electric Motors

      First Quarter 2025 Financial Highlights Net sales totaled $878 million, down 4% on a reported basis and down 2% on a constant currency* basisNet income totaled $62 million; Net income margin of 7.1%Adjusted EBIT* totaled $131 million; Adjusted EBIT margin* of 14.9%Net cash provided by operating activities totaled $56 millionAdjusted free cash flow* totaled $36 millionReiterating full-year outlook First Quarter 2025 Business Highlights Continue to win across all turbo, plug-in hybrids and range extended electric vehicle applications Secured new wins in Asia and Europe for commercial vehicles and industrial power generation applications Won first major series production award fo

      5/1/25 6:55:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Garrett Motion to Hold First Quarter 2025 Financial Results Conference Call on Thursday May 01, 2025

      PLYMOUTH, Mich. and ROLLE, Switzerland, April 16, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its first quarter financial results on Thursday, May 01, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) and use the passcode 2829687. The conference call will also be webcast and will include a slide presentation. To access the webcast and supporting materials, please

      4/16/25 7:30:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Garrett Motion Delivers Strong 2024 Financial Performance, Issues 2025 Outlook

      Fourth Quarter 2024 Financial Highlights Net sales totaled $844 million, down 11% on a reported basis, down 10% at constant currency*Net income totaled $100 million; Net income margin 11.8%Adjusted EBITDA* totaled $153 million; Adjusted EBITDA margin* of 18.1%Net cash provided by operating activities totaled $131 millionAdjusted free cash flow* totaled $157 million Full Year 2024 Financial Highlights Net sales totaled $3,475 million, down 11% on a reported basis, down 10% at constant currency*Net income totaled $282 million; Net income margin 8.1%Adjusted EBITDA* totaled $598 millio

      2/20/25 6:55:51 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Garrett Motion Inc.

      SC 13D/A - Garrett Motion Inc. (0001735707) (Subject)

      12/17/24 4:30:36 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Garrett Motion Inc.

      SC 13G/A - Garrett Motion Inc. (0001735707) (Subject)

      11/14/24 4:09:43 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Garrett Motion Inc.

      SC 13D/A - Garrett Motion Inc. (0001735707) (Subject)

      10/28/24 8:48:53 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary