Carrier Global Corp. Elects New Directors, Approves Compensation Plan
Ticker: CARR · Form: 8-K · Filed: Jun 21, 2024 · CIK: 1783180
| Field | Detail |
|---|---|
| Company | Carrier Global CORP (CARR) |
| Form Type | 8-K |
| Filed Date | Jun 21, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: CARR
TL;DR
Carrier Global adds two directors and approves new long-term incentive plan.
AI Summary
Carrier Global Corp. announced on June 19, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, G. Steven Griffith and David A. Schwind, to its Board, effective June 19, 2024. Additionally, the filing details the compensatory arrangements for certain officers, including the adoption of the 2024 Long-Term Incentive Plan.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters such as director elections and compensation plan updates, which typically carry low risk.
Key Players & Entities
- Carrier Global Corp. (company) — Filer
- G. Steven Griffith (person) — Newly elected director
- David A. Schwind (person) — Newly elected director
- 2024 Long-Term Incentive Plan (compensatory_arrangement) — Approved compensation plan
FAQ
Who are the newly elected directors to Carrier Global Corp.'s Board?
G. Steven Griffith and David A. Schwind were elected as new directors to Carrier Global Corp.'s Board, effective June 19, 2024.
What is the effective date for the election of the new directors?
The election of G. Steven Griffith and David A. Schwind to the Board of Directors was effective as of June 19, 2024.
What type of compensatory arrangement was adopted by Carrier Global Corp.?
Carrier Global Corp. adopted the 2024 Long-Term Incentive Plan as a compensatory arrangement for certain officers.
What is the filing date of this 8-K report?
This 8-K report was filed as of June 21, 2024.
What is the standard industrial classification for Carrier Global Corp.?
The standard industrial classification for Carrier Global Corp. is AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585].
Filing Stats: 581 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-06-21 16:05:31
Key Financial Figures
- $0.01 — nge on which registered Common Stock ($0.01 par value) CARR New York Stock Exch
Filing Documents
- eh240497333_8k.htm (8-K) — 31KB
- 0000950142-24-001676.txt ( ) — 251KB
- carr-20240619.xsd (EX-101.SCH) — 4KB
- carr-20240619_def.xml (EX-101.DEF) — 27KB
- carr-20240619_lab.xml (EX-101.LAB) — 37KB
- carr-20240619_pre.xml (EX-101.PRE) — 25KB
- eh240497333_8k_htm.xml (XML) — 7KB
02 Departure of Directors or Certain Officers; Election of Directors;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 19, 2024, Carrier Global Corporation (the "Company") announced that Beth A. Wozniak, a member of the Company's Board of Directors and its Governance and Technology and Innovation committees, will step down from the Board and the committees on which she serves effective immediately. Ms. Wozniak's resignation is not a result of any disagreement on any matter relating to the Company's operations, policies or practices. "It has been a tremendous privilege to have served on the Carrier Board of Directors during this period of remarkable transformation. While I will truly miss being a part of the Carrier Board, I believe that stepping down will best position Carrier and nVent for success in pursuing their respective long-term strategic objectives. I look forward to cheering Carrier on during this exciting next chapter," said Ms. Wozniak. "We are grateful for Beth's outstanding and dedicated service to our Board and the contributions she has made to the Company. We wish her and nVent continued success" said David Gitlin, Chairman and Chief Executive Officer of the Company.
SIGNATURES
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. Date: June 21, 2024 CARRIER GLOBAL CORPORATION (Registrant) By: /s/ KEVIN O'CONNOR Name: Kevin O'Connor Title: Senior Vice President, Chief Legal Officer