8-KLeadership ChangesExhibits & Filings

CARRIER GLOBAL Corp 8-K Report, Executive Changes (Sep 29, 2022)

Filed September 29, 2022For Securities:CARR

Summary

Carrier Global Corporation (CARR) has announced a key addition to its Board of Directors. Susan N. Story has been appointed as an independent director, effective January 15, 2023, and will serve until the 2023 Annual Meeting of Shareowners. This appointment is designed to bring fresh perspectives and expertise to the company's governance. Ms. Story's appointment also includes her joining the Board's Audit Committee and Compensation Committee, indicating her anticipated contributions to critical oversight functions. Investors can view this as a strategic move to bolster board oversight in financial reporting and executive compensation. The company also noted that Ms. Story's appointment is standard and not tied to any special arrangements, and her compensation will align with existing policies for non-employee directors.

Key Highlights

  • 1Appointment of Susan N. Story as an independent director, effective January 15, 2023.
  • 2Ms. Story's term as director will expire at the 2023 Annual Meeting of Shareowners.
  • 3Ms. Story has been appointed to the Board's Audit Committee.
  • 4Ms. Story has also been appointed to the Board's Compensation Committee.
  • 5The appointment is not based on any special arrangements with third parties.
  • 6Ms. Story's compensation will follow the company's standard director compensation program.
  • 7The filing includes a press release dated September 29, 2022, as an exhibit.

Frequently Asked Questions

Susan N. Story has been appointed as an independent director to Carrier Global Corporation's Board of Directors. While the filing doesn't detail her specific background, independent directors are typically appointed to provide objective oversight and diverse expertise to the board.

Ms. Story will serve on two key board committees: the Audit Committee, which oversees financial reporting and internal controls, and the Compensation Committee, which oversees executive compensation policies.

Her appointment is effective January 15, 2023, and her term as a director will conclude at the company's 2023 Annual Meeting of Shareowners.

No, the company states that Ms. Story will be compensated consistent with its existing compensation programs for non-employee directors. There are no special arrangements or understandings with third parties related to her appointment.