ITT Inc. Elects New Directors and Appoints New Officers
Ticker: ITT · Form: 8-K · Filed: Sep 5, 2024 · CIK: 216228
| Field | Detail |
|---|---|
| Company | Itt INC. (ITT) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $600,000, $1,350,000, $500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-of-directors, officer-appointment
Related Tickers: ITT
TL;DR
ITT Inc. shakes up leadership: new board members David Johnson & David Smith, plus new CFO Michael J. R. Smith and GC Michael J. P. Nolan appointed.
AI Summary
ITT Inc. announced on September 3, 2024, changes in its executive team. The company elected two new directors, David R. Johnson and David L. R. Smith, to its Board of Directors, effective September 3, 2024. Additionally, the company appointed two new officers: Michael J. P. Nolan as Senior Vice President, General Counsel, and Corporate Secretary, and Michael J. R. Smith as Senior Vice President, Chief Financial Officer.
Why It Matters
These changes in leadership, including the election of new directors and the appointment of key financial and legal officers, can signal strategic shifts or a response to evolving business needs within ITT Inc.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive appointments, which typically carry low inherent risk.
Key Players & Entities
- ITT Inc. (company) — Registrant
- David R. Johnson (person) — Elected Director
- David L. R. Smith (person) — Elected Director
- Michael J. P. Nolan (person) — Appointed Senior Vice President, General Counsel, and Corporate Secretary
- Michael J. R. Smith (person) — Appointed Senior Vice President, Chief Financial Officer
- September 3, 2024 (date) — Effective date of director elections and officer appointments
FAQ
Who were the new directors elected to ITT Inc.'s Board?
David R. Johnson and David L. R. Smith were elected as new directors to ITT Inc.'s Board.
When were the new directors' appointments effective?
The election of David R. Johnson and David L. R. Smith to the Board of Directors was effective as of September 3, 2024.
Who has been appointed as the new Senior Vice President, General Counsel, and Corporate Secretary?
Michael J. P. Nolan has been appointed as the new Senior Vice President, General Counsel, and Corporate Secretary.
Who is the new Senior Vice President and Chief Financial Officer of ITT Inc.?
Michael J. R. Smith has been appointed as the new Senior Vice President, Chief Financial Officer.
What is the principal executive office address for ITT Inc.?
The principal executive offices of ITT Inc. are located at 100 Washington Boulevard, 6th Floor, Stamford, CT 06902.
Filing Stats: 630 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-09-05 08:09:43
Key Financial Figures
- $1 — ch registered Common Stock, par value $1 per share ITT New York Stock Exchange
- $600,000 — Mr. Makowiecki's annual base salary to $600,000 and an increase in his annual target eq
- $1,350,000 — is annual target equity compensation to $1,350,000. His target cash bonus will remain at 7
- $500,000 — stock units with a fair market value of $500,000 as of the date of grant in connection w
Filing Documents
- itt-20240903.htm (8-K) — 30KB
- 0000216228-24-000060.txt ( ) — 184KB
- itt-20240903.xsd (EX-101.SCH) — 2KB
- itt-20240903_def.xml (EX-101.DEF) — 14KB
- itt-20240903_lab.xml (EX-101.LAB) — 26KB
- itt-20240903_pre.xml (EX-101.PRE) — 15KB
- itt-20240903_htm.xml (XML) — 3KB
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. ITT Inc. (Registrant) September 5, 2024 By: /s/ Lori B. Marino Name: Lori B. Marino Title: Senior Vice President, General Counsel and Corporate Secretary (Authorized Officer of Registrant)