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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
November 3, 2002
(Date of report; date of
earliest event reported)
Commission file number: 1-3754
GENERAL MOTORS ACCEPTANCE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 38-0572512
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
200 Renaissance Center
P.O. Box 200 Detroit, Michigan
48265-2000
(Address of principal executive offices)
(Zip Code)
(313) 556-5000
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On November 3, 2002, a news release was issued by General Motors Corporation
(GM). The release is as follows:
GM Names Feldstein to Lead GMAC
DETROIT - General Motors today announced the appointment of Eric A. Feldstein to
lead General Motors Acceptance Corporation (GMAC), succeeding John D. Finnegan,
effective immediately. Finnegan, 53, GMAC chairman and president, resigned to
become president and chief executive officer of The Chubb Corporation.
Feldstein, 43, currently GM vice president Finance, and Treasurer, is promoted
to GM group vice president and president of GMAC, reporting to GM President and
Chief Executive Officer Rick Wagoner. In this new position, he will become a
member of the GM Automotive Strategy Board and assume the position of chairman
and president of the GMAC Mortgage Group. A successor to Feldstein will be named
at a later date.
"Eric brings strong first-hand GMAC experience, financial expertise and
leadership skills to this new assignment," Wagoner said. "I know he will build
upon the great work of the GMAC team to continue to be a profitable and
preeminent financial services company.
"John has accomplished much in his 26 years at General Motors," Wagoner
continued, "and led the tremendous growth at GMAC in recent years. We will all
miss John and wish him well at The Chubb Corporation."
General Motors (NYSE: GM), the world's largest vehicle manufacturer, designs,
builds and markets cars and trucks worldwide, and has been the global automotive
sales leader since 1931. GM employs about 355,000 people around the world. More
information on GM can be found at www.gm.com.
Feldstein bio
Eric A. Feldstein has been General Motors vice president of Finance since June
2001, and corporate treasurer since December 1997. In this position, Feldstein
has been responsible for GM's Detroit-based Controller's Staff and Worldwide Tax
Staff, as well as for GM's treasury operations in New York, Detroit, Brussels
and Singapore. The global treasury operations include capital planning, business
development and analysis, risk management, worldwide pension funding and
analysis, worldwide banking, and overseas and domestic finance.
Feldstein joined GM in 1981 in the GM Treasurer's Office. He was promoted to
regional treasurer -- Europe, based in Brussels in 1991. In 1993, he returned to
New York as assistant treasurer before being named executive vice president and
chief financial officer of General Motors Acceptance Corporation (GMAC) and
chairman of the GMAC Mortgage Group in March 1996. At GMAC, Feldstein oversaw
corporate staff activities responsible for general finance, audit, and worldwide
borrowings. He also had managerial responsibility for Motors Insurance
Corporation. In November 1997 he was named General Motors treasurer and elected
a GM vice president the following month.
Born June 17, 1959, in Brookline, Massachusetts, Feldstein earned a bachelor's
degree in economics from Columbia University in 1981. He received an M.B.A. from
Harvard University under the GM Fellowship Program in 1985.
Finnegan bio
John D. Finnegan has been chairman and president of General Motors Acceptance
Corporation (GMAC) and an executive vice president of General Motors
Corporation, responsible for GMAC's activities worldwide, including the
company's auto finance, insurance, mortgage and commercial finance operations.
He also served as chairman of the GMAC Board of Directors and chairman and
president of the GMAC Mortgage Group Board of Directors. Born Jan. 31, 1949, in
Jersey City, New Jersey, Finnegan earned a bachelor's degree in political
science from Princeton University in 1971, a law degree from Fordham Law School
in 1975 and an M.B.A. from Rutgers University in 1976.
In 1976, Finnegan joined GMAC's Tax Staff in New York as an analyst. In 1977, he
transferred to GM as an analyst in its New York Treasurer's Office. He was
promoted to director of International Banking in 1981 and, four years later,
transferred to GMAC's headquarters in Detroit as director of Strategic Planning.
Finnegan was promoted to chief financial officer of the GMAC Mortgage
Corporation in 1986. The following year, he was promoted to assistant treasurer
of GM's Worldwide Benefits and Compensation Staff in New York, and, in 1989, was
named assistant treasurer of International Operations. In 1992, he served as
executive vice president and chief financial officer of GMAC, adding the
responsibilities of chairman and president of GMAC Mortgage Corp. in 1994.
From 1995 until 1997, Finnegan was vice president and treasurer of GM in New
York. He returned to GMAC in November 1997 as vice president and group executive
of GM and president of GMAC. He was promoted to his current GMAC position in
April 1999 and assumed the interim position of GM chief financial officer from
September through December 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GENERAL MOTORS ACCEPTANCE CORPORATION
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(Registrant)
Dated: November 4, 2002 /s/ WILLIAM F. MUIR
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William F. Muir
Executive Vice President,
Chief Financial Officer and Director
Dated: November 4, 2002 /s/ LINDA K. ZUKAUCKAS
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Linda K. Zukauckas
Controller and Principal Accounting Officer