There is a lot of useful information for investors in General Electric, or any other public company for that matter, tucked away in sometimes obscure financial and business filings . Investors who take the time to read the sometimes dry documents are typically rewarded.

GE (ticker: GE) filed its 2023 proxy statement on Thursday, the annual document shareholders reference when voting on board members, management pay, and other corporate business. It isn't the most important filing of the year—earnings results and financial guidance, for instance, generate far more buzz. But there are still items in the proxy that help investors evaluate the company.

Here are three from the recent filing:

Larry Culp's Pay Cut

Since becoming CEO in 2018, Culp's contract provided an equity compensation grant worth $15 million a year.

The size seemed to nag at investors. In 2021, shareholders voted against GE management's compensation in the so-called say-on-pay vote. Those votes aren't binding and GE isn't the only company to have shareholders express concern over compensation.

In 2022, board compensation committee reduced Culp's stock incentive compensation to $5 million from $15 million.

Culp's total compensation came down dramatically this past year. He earned $8.2 million in 2022, down from $22.7 million in 2021.

Board Members

GE has been rearranging its board as it has rearranged its businesses .

This year, Darren McDew, a retired Air Force general and former commander of the U.S. Transportation Command, is nominated for GE's board. His experience fits nicely with the Aerospace business.

Jessica Uhl, former chief financial officer of Shell (SHEL), is nominated as well. Her experience in the energy business fits nicely with GE Vernova, the group's power-generation business that will be spun out as a separate company at the beginning of 2024.

Leaving the board are former Cognizant Technology Solutions (CTSH) CEO Francisco D'Souza. His experience had a little more health care in it and GE HealthCare Technology (GEHC) is now an independent company.

Leslie Seidman, former chairperson of the Financial Accounting Standards Board, or FASB, is leaving as well. That's one sign GE has become a much less complicated organization.

The Business

The proxy also contains some business tidbits worth reviewing.

GE has almost 41,000 commercial aircraft engines operating around the globe and more than 26,000 military aircraft engines. GE's aerospace business generated about $26 billion in 2022 sales.

GE Vernova has about 7,000 gas turbines generating electricity around the world. It has installed more than 400 gigawatts of wind-turbine electricity generating capacity. The power and wind businesses, which make up Vernova, made almost $30 billion in 2022 sales.

The Date

The 2023 annual meeting of shareholders takes place on May 3 and starts at 10 a.m. Eastern time.

Shareholders will likely be in a pretty good mood when the meeting happens. Coming into Friday trading, GE stock is up about 41% so far in 2023. The S&P 500 is up about 3% this year. The Dow Jones Industrial Average is down about 3%.