ITT Inc. Appoints New CFO, Lockhart Transitions to Strategy Role

TL;DR

ITT names new CFO, Lockhart moves to strategy.

AI Summary

ITT Inc. announced on October 30, 2024, changes in its executive leadership. The company appointed Thomas J. Scalici as Chief Financial Officer, effective November 11, 2024. Concurrently, current CFO, Michael J. Lockhart, will transition to the role of Executive Vice President, Strategy and Corporate Development.

Why It Matters

This executive shuffle signals a potential shift in financial strategy and focus for ITT Inc., with a new CFO taking the helm and the former CFO moving into a strategic development position.

Risk Assessment

Risk Level: low — The filing details routine executive appointments and transitions, which are common corporate events and do not inherently indicate significant risk.

Key Players & Entities

• ITT Inc. (company) — Registrant
• Thomas J. Scalici (person) — Appointed Chief Financial Officer
• Michael J. Lockhart (person) — Current Chief Financial Officer transitioning to Executive Vice President, Strategy and Corporate Development
• November 11, 2024 (date) — Effective date for new CFO appointment
• October 30, 2024 (date) — Date of report

FAQ

From the Filing

0000216228-24-000086.txt : 20241031 0000216228-24-000086.hdr.sgml : 20241031 20241031083036 ACCESSION NUMBER: 0000216228-24-000086 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241030 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241031 DATE AS OF CHANGE: 20241031 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: 241412590 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-20241030.htm 8-K itt-20241030 false 0000216228 0000216228 2024-10-30 2024-10-30   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: October 30 , 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 recognition of Mr. Luca Savi’s outstanding performance since becoming Chief Executive Officer of ITT I