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Johnson Controls International plc 8-K Report, Executive Changes (Jun 30, 2022)

Reports
Leadership Changes
Filing Date
Filed June 30, 2022
Period End
June 28, 2022
Security
JCI
In the record · 2016–202610-K1010-Q338-K158

JCI filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 158 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Jul ’19Jul ’19
  3. Material agreement8-K · Sep ’21Sep ’21
  4. Leadership change8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed June 30, 2022. Cited figures are marked; the original filing is the authoritative source.

Johnson Controls International plc (JCI) announced a key executive appointment through an 8-K filing on June 30, 2022.

Daniel C. "Skip" McConeghy has been appointed Vice President, Chief Accounting and Tax Officer, effective June 28, 2022. This appointment is significant as Mr. McConeghy will now also serve as the Company's Principal Accounting Officer, a role previously held on an interim basis by the CFO, Olivier Leonetti.

This move fills a crucial financial leadership position with an internal candidate who has a deep understanding of the company's tax and accounting functions. Mr. McConeghy's compensation package reflects his new responsibilities, including a base salary of $450,000,a participation in the annual incentive program with a potential bonus of up to 120% of his base salary, and long-term equity awards.

His extensive experience, including his prior role as VP, Global Tax and his tenure at PricewaterhouseCoopers, positions him well for this critical role. Investors can view this as a positive step in solidifying the company's financial reporting and oversight structure.

02—Key points

Key Highlights

  1. Daniel C. "Skip" McConeghy appointed as Vice President, Chief Accounting and Tax Officer.
  2. Mr. McConeghy will also serve as Johnson Controls' Principal Accounting Officer.
  3. This appointment resolves the interim Principal Accounting Officer role previously held by the CFO.
  4. Mr. McConeghy has been with JCI since 2012 in various tax and interim controller roles.
  5. His compensation includes a $450,000 base salary, annual bonus potential up to 120% of base, and long-term equity awards.
  6. No related party transactions or family relationships requiring disclosure were noted for Mr. McConeghy.
  7. Mr. McConeghy brings significant experience from his previous role as a Tax Partner at PricewaterhouseCoopers.

03—Questions

Frequently Asked Questions

  1. Who has been appointed as the new Chief Accounting and Tax Officer?

    Daniel C. "Skip" McConeghy has been appointed as the new Vice President, Chief Accounting and Tax Officer.

  2. What is the significance of Mr. McConeghy also serving as Principal Accounting Officer?

    Mr. McConeghy will now officially hold the title of Principal Accounting Officer, a role that was temporarily filled by the CFO, Olivier Leonetti. This formalizes a key financial reporting oversight position within the company.

  3. What is Mr. McConeghy's compensation package?

    His compensation includes a base salary of $450,000, participation in the fiscal year 2022 Annual Incentive Performance Program with a prorated maximum bonus capped at 120% of his base salary, and long-term equity incentive awards.

  4. Does Mr. McConeghy have prior experience with Johnson Controls?

    Yes, Mr. McConeghy has been with Johnson Controls since July 2012, holding positions such as Vice President, Corporate Tax Planning, Vice President, Global Tax, and interim Controller.

04—Continue

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