Johnson Controls Announces Director Changes and Officer Compensation

Ticker: JCI · Form: 8-K · Filed: 2024-08-05T00:00:00.000Z

Sentiment: neutral

Topics: director-change, officer-compensation, governance

TL;DR

JCI board shakeup: Finley out, Smith in. Officer pay details also filed.

AI Summary

Johnson Controls International plc announced on July 30, 2024, the departure of Director Patrick S. Finley and the appointment of Michael J. Smith as a new director. The company also disclosed compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this filing excerpt.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, while details on officer compensation are crucial for understanding executive incentives and potential shareholder value.

Risk Assessment

Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation disclosures, with no immediate financial risks apparent.

Key Players & Entities

FAQ

Who has been appointed as a new director to the Johnson Controls International plc board?

Michael J. Smith has been appointed as a new director to the Johnson Controls International plc board.

Which director has departed from Johnson Controls International plc?

Patrick S. Finley has departed from the board of Johnson Controls International plc.

What is the filing date for this 8-K?

This 8-K filing was made as of August 5, 2024.

What is the primary business of Johnson Controls International plc?

Johnson Controls International plc is in the business of AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP.

What other items are disclosed in this 8-K filing besides director changes?

This 8-K filing also discloses Regulation FD Disclosure and Financial Statements and Exhibits, as well as compensatory arrangements of certain officers.

From the Filing

0000833444-24-000055.txt : 20240805 0000833444-24-000055.hdr.sgml : 20240805 20240805065558 ACCESSION NUMBER: 0000833444-24-000055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240730 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240805 DATE AS OF CHANGE: 20240805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Johnson Controls International plc CENTRAL INDEX KEY: 0000833444 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13836 FILM NUMBER: 241173066 BUSINESS ADDRESS: STREET 1: ONE ALBERT QUAY STREET 2: ALBERT QUAY CITY: CORK STATE: L2 ZIP: 00000 BUSINESS PHONE: 414-524-1200 MAIL ADDRESS: STREET 1: 5757 N. GREEN BAY AVENUE STREET 2: P.O. BOX 591 CITY: MILWAUKEE STATE: WI ZIP: 53201 FORMER COMPANY: FORMER CONFORMED NAME: TYCO INTERNATIONAL plc DATE OF NAME CHANGE: 20141117 FORMER COMPANY: FORMER CONFORMED NAME: TYCO INTERNATIONAL LTD DATE OF NAME CHANGE: 20100408 FORMER COMPANY: FORMER CONFORMED NAME: TYCO INTERNATIONAL LTD /BER/ DATE OF NAME CHANGE: 19970715 8-K 1 jci-20240730.htm 8-K jci-20240730 0000833444 false 0000833444 2024-07-30 2024-07-30 0000833444 jci:OrdinarySharesParValue0.01Member 2024-07-30 2024-07-30 0000833444 jci:Notes1.375PercentDue2025Member 2024-07-30 2024-07-30 0000833444 jci:Notes3.900PercentDue2026Member 2024-07-30 2024-07-30 0000833444 jci:Notes0375PercentDue2027Member 2024-07-30 2024-07-30 0000833444 jci:Notes3000PercentDue2028Member 2024-07-30 2024-07-30 0000833444 jci:Notes5.500PercentDue2029Member 2024-07-30 2024-07-30 0000833444 jci:Notes1750PercentDue2030Member 2024-07-30 2024-07-30 0000833444 jci:SustainabilityLinkedNotes2000Due2031Member 2024-07-30 2024-07-30 0000833444 jci:Notes1000PercentDue2032Member 2024-07-30 2024-07-30 0000833444 jci:Notes4900PercentDue2032Member 2024-07-30 2024-07-30 0000833444 jci:Notes4250PercentDue2035Member 2024-07-30 2024-07-30 0000833444 jci:Notes6.000PercentDue2036Member 2024-07-30 2024-07-30 0000833444 jci:Notes5.700PercentDue2041Member 2024-07-30 2024-07-30 0000833444 jci:Notes5.250PercentDue2041Member 2024-07-30 2024-07-30 0000833444 jci:Notes4.625Percentdue2044Member 2024-07-30 2024-07-30 0000833444 jci:Notes5.125PercentDue2045Member 2024-07-30 2024-07-30 0000833444 jci:Debentures6.950PercentDueDecember12045Member 2024-07-30 2024-07-30 0000833444 jci:Notes4.500PercentDue2047Member 2024-07-30 2024-07-30 0000833444 jci:Notes4.950PercentDue2064Member 2024-07-30 2024-07-30 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): July 30, 2024 JOHNSON CONTROLS INTERNATIONAL PLC (Exact name of registrant as specified in its charter)  Ireland 001-13836 98-0390500 (State or Other Jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) One Albert Quay. Cork , Ireland , T12 X8N6 (Address of principal executive offices and postal code) (353) 21-423-5000 Not Applicable (Registrant’s telephone number) (Former name, former address and former fiscal year, 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) ☐ &#

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