Business Context and Reporting Period
This Form 8-K Current Report is filed by Carrier Global Corp (NYSE: CARR) with a report date of September 3, 2025. The filing discloses the appointment of a new senior executive officer and the conclusion of an interim role.
Key Financial Metrics
This filing does not contain operational financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and personnel changes.
Material Changes
The primary material change reported is the appointment of Ms. Beril Yildiz as Vice President, Controller, and Chief Accounting Officer, effective September 22, 2025. Concurrently, Mr. Patrick Goris will cease serving as Interim Controller on that date, though he will continue as Senior Vice President and Chief Financial Officer.
Management Commentary and Compensation Details
Ms. Yildiz's appointment includes the following compensatory arrangements:
- Base Salary: $500,000 annually.
- Annual Bonus: Target of 60% of base salary ($300,000).
- Long-Term Incentive: Annual target of $470,000 under the 2020 Long Term Incentive Plan.
- Sign-on Equity: $750,000 value (50% Restricted Stock Units, 50% Stock Appreciation Rights), subject to vesting.
- Cash Sign-on: $800,000.
- Relocation: Standard expenses under company policy.
Ms. Yildiz previously served as Senior Vice President, Controller & Chief Accounting Officer at International Flavors & Fragrances Inc. (IFF) and held various roles at Revlon Inc., Colgate-Palmolive Company, and PricewaterhouseCoopers.
Investor Verification Checklist
- Verify the commencement date of Ms. Yildiz's employment (September 22, 2025).
- Confirm the total initial cash compensation package ($1.3 million in base and sign-on cash).
- Review the vesting schedule for the $750,000 equity grant in the definitive plan documents.
- Check for any related party transactions involving Ms. Yildiz or her immediate family (none reported).