ITT Inc. Reports Director Changes and Executive Compensation Updates

Ticker: ITT · Form: 8-K · Filed: 2024-10-01T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-compensation, board-of-directors

TL;DR

ITT Inc. filed an 8-K on Oct 1st detailing director changes and executive pay adjustments.

AI Summary

ITT Inc. filed an 8-K on October 1, 2024, reporting changes in its board of directors and executive compensation. Specifically, the filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives. The company, headquartered in Stamford, CT, is involved in the pumps and pumping equipment industry.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: low — This filing is routine corporate governance and compensation disclosure, not indicating immediate financial distress or significant operational changes.

Key Players & Entities

FAQ

What specific roles have seen departures or appointments among ITT Inc.'s officers?

The filing indicates the departure of certain officers and the election of new directors, but does not specify the exact roles affected in this excerpt.

When was the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is October 1, 2024.

What is ITT Inc.'s Standard Industrial Classification code?

ITT Inc.'s Standard Industrial Classification code is 3561, for Pumps & Pumping Equipment.

Where are ITT Inc.'s principal executive offices located?

ITT Inc.'s principal executive offices are located at 100 Washington Boulevard, 6th Floor, Stamford, CT 06902.

What is the SEC Act under which this 8-K is filed?

This 8-K is filed under the 1934 Act.

From the Filing

0000216228-24-000070.txt : 20241001 0000216228-24-000070.hdr.sgml : 20241001 20241001163203 ACCESSION NUMBER: 0000216228-24-000070 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241001 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241001 DATE AS OF CHANGE: 20241001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ITT INC. CENTRAL INDEX KEY: 0000216228 STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561] ORGANIZATION NAME: 06 Technology IRS NUMBER: 811197930 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05672 FILM NUMBER: 241343751 BUSINESS ADDRESS: STREET 1: 100 WASHINGTON BLVD STREET 2: 6TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 914.641.2000 MAIL ADDRESS: STREET 1: 100 WASHINGTON BLVD STREET 2: 6TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: ITT Inc. DATE OF NAME CHANGE: 20160517 FORMER COMPANY: FORMER CONFORMED NAME: ITT Corp DATE OF NAME CHANGE: 20100308 FORMER COMPANY: FORMER CONFORMED NAME: ITT CORP DATE OF NAME CHANGE: 20060705 8-K 1 itt-20241001.htm 8-K itt-20241001 false 0000216228 0000216228 2024-10-01 2024-10-01   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: October 1 , 2024 (Date of earliest event reported)   ITT INC. (Exact name of registrant as specified in its charter)   Indiana 001-05672 81-1197930 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 100 Washington Boulevard 6th Floor Stamford , CT 06902 (Address of principal executive offices) (Zip Code) (914) 641-2000 (Registrant’s telephone number, including area code) Not Applicable 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)) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $1 per share ITT New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 under the Securities Exchange Act of 1934 (17 CFR 240.12b-2).                                                 Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers In connection with its previously announced succession planning and continuing Board refreshment process, on Oct

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