secwatch.observer — SEC 8-K summary
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Issuer:     Johnson Controls International plc (JCI)
CIK:        0000833444
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000833444-24-000055
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Johnson Controls CEO Oliver to retire, board launches succession search; appoints Patrick Decker as director
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- CEO George R. Oliver to retire after leading portfolio transformation since 2017; will remain chair until successor is named.
- Board appoints Patrick Decker (former Xylem CEO) as independent director; board now has 13 members, 12 independent.
- Special retention RSU awards of $2.75M each granted to CFO Marc Vandiepenbeeck and President Lei Schiltz, cliff-vesting over two years.
- Elliott Investment Management supports board and leadership actions, citing portfolio changes and potential for shareholder value.
- CEO search includes internal and external candidates, aided by a nationally recognized executive search firm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833444/000083344424000055/0000833444-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833444/000083344424000055/jci-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000833444-24-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer