Business Context and Reporting Period
This Form 8-K Current Report was filed by Otter Tail Corporation on August 28, 2026. The filing addresses corporate governance changes regarding the Board of Directors, specifically the retirement of two directors effective at the conclusion of their terms at the 2027 Annual Meeting of Shareholders.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, liquidity, or other key financial metrics. This report focuses exclusively on personnel changes.
Material Changes
The material change reported is the departure of two directors from the Board:
- Thomas J. Webb: Notified the Company on August 28, 2026, of his intention to retire and not stand for reelection. His term expires at the 2027 Annual Meeting.
- Kathryn O. Johnson: Notified the Company on August 31, 2026, of her intention to retire and not stand for reelection due to reaching retirement age. Her term expires at the 2027 Annual Meeting.
The Company states that neither director's decision is the result of any disagreement with the Company's operations, policies, or procedures.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Two directors, Thomas J. Webb and Kathryn O. Johnson, are retiring effective at the 2027 Annual Meeting of Shareholders.
- The departures are voluntary and not related to any disagreements with the Company.
- The Company must nominate and elect replacements for these two board seats at the 2027 Annual Meeting.