Carrier Global Corp. Elects New Directors, Approves Compensation Plan

Ticker: CARR · Form: 8-K · Filed: 2024-06-21T00:00:00.000Z

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

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].

From the Filing

0000950142-24-001676.txt : 20240621 0000950142-24-001676.hdr.sgml : 20240621 20240621160531 ACCESSION NUMBER: 0000950142-24-001676 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240619 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240621 DATE AS OF CHANGE: 20240621 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARRIER GLOBAL Corp CENTRAL INDEX KEY: 0001783180 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] ORGANIZATION NAME: 06 Technology IRS NUMBER: 834051582 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39220 FILM NUMBER: 241060161 BUSINESS ADDRESS: STREET 1: 13995 PASTEUR BOULEVARD CITY: PALM BEACH GARDENS STATE: FL ZIP: 33418 BUSINESS PHONE: 5613652000 MAIL ADDRESS: STREET 1: 13995 PASTEUR BOULEVARD CITY: PALM BEACH GARDENS STATE: FL ZIP: 33418 FORMER COMPANY: FORMER CONFORMED NAME: Carrier Global Corp DATE OF NAME CHANGE: 20190722 8-K 1 eh240497333_8k.htm FORM 8-K FORM 8-K false 0001783180 0001783180 2024-06-19 2024-06-19 0001783180 CARR:CommonStock0.01ParValueMember 2024-06-19 2024-06-19 0001783180 CARR:Sec4.375NotesDue2025Member 2024-06-19 2024-06-19 0001783180 CARR:Sec4.125NotesDue2028Member 2024-06-19 2024-06-19 0001783180 CARR:Sec4.500NotesDue2032Member 2024-06-19 2024-06-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares false 0001783180 0001783180 2024-06-03 2024-06-03 0001783180 CARR:CommonStock0.01ParValueMember 2024-06-03 2024-06-03 0001783180 CARR:Sec4.375NotesDue2025Member 2024-06-03 2024-06-03 0001783180 CARR:Sec4.125NotesDue2028Member 2024-06-03 2024-06-03 0001783180 CARR:Sec4.500NotesDue2032Member 2024-06-03 2024-06-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT   Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): June 19, 2024     CARRIER GLOBAL CORPORATION   (Exact name of registrant as specified in its charter)   Delaware 001-39220 83-4051582 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)   13995 Pasteur Boulevard Palm Beach Gardens , Florida 33418 (Address of principal executive offices, including zip code)   ( 561 ) 365-2000 (Registrant’s telephone number, including area code)   N/A (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock ($0.01 par value)   CARR   New York Stock Exchange 4.375% Notes due 2025   CARR25   New York Stock Exchange 4.125% Notes due 2028   CARR28   New York Stock Exchange 4.500% Notes due 2032   CARR32   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 1

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