01—Abstract
Summary
Summary of the 8-K filed December 17, 2021. Cited figures are marked; the original filing is the authoritative source.
Carrier Global Corporation (CARR) has filed an 8-K report detailing a change in its Board of Directors.
John V. Faraci has informed the company that he will not seek re-election at the upcoming 2022 annual meeting of shareholders. Mr. Faraci will continue to serve his current term until the meeting concludes.
This departure is explicitly stated to be voluntary and not due to any disagreements with the company regarding its operations, policies, or practices. The company has disseminated this information through a press release on December 17, 2021, as disclosed under Regulation FD.
02—Key points
Key Highlights
- John V. Faraci will not stand for re-election to the Carrier Global Corporation Board of Directors at the 2022 annual meeting.
- Mr. Faraci's tenure on the Board will conclude at the 2022 annual meeting.
- The decision not to seek re-election is not a result of any disagreement with the Company.
- The company issued a press release on December 17, 2021, to announce this information.
- The announcement falls under Regulation FD disclosure to ensure broad dissemination of material information.
03—Questions
Frequently Asked Questions
Why is John V. Faraci not standing for re-election?
Mr. Faraci has informed the company that he will not seek re-election at the 2022 annual meeting. This decision was not based on any disagreements with Carrier Global Corporation regarding its operations, policies, or practices.
When will John V. Faraci's service on the Board end?
Mr. Faraci will continue to serve as a member of the Board until the company's 2022 annual meeting of shareholders, at which point his current term will expire.
Is this departure a sign of any internal issues at Carrier Global?
Based on the filing, Mr. Faraci's decision is stated as voluntary and explicitly not a result of any disagreement with the company on matters of operations, policies, or practices, suggesting no immediate concerns regarding internal issues.
How did the company communicate this information to investors?
Carrier Global Corporation announced Mr. Faraci's decision via a press release on December 17, 2021, which is furnished as an exhibit to this 8-K filing, ensuring compliance with Regulation FD.
04—Continue