---
schema_version: "secwatch.filing_event.v1"
accession: "0001466593-21-000080"
form_type: "8-K"
ticker: "OTTR"
cik: "0001466593"
company_name: "Otter Tail Corp"
filed_at: "2021-12-15T23:59:59+00:00"
generated_at: "2026-06-28T00:50:31.296157+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Otter Tail director O'Keefe to retire; Dr. LeBeau appointed to board

## Summary
- Timothy J. O'Keefe to retire at end of current term at 2022 annual meeting due to mandatory retirement age.
- Dr. Michael E. LeBeau appointed as director effective January 1, 2022, filling the vacancy.
- LeBeau will serve on Compensation and Governance Committees; compensation includes $72,000 annual retainer.
- Upon election at 2022 meeting, LeBeau receives restricted stock valued at ~$90,000 plus committee grants.
- Restricted stock grants vest over three years at 33.3% annually.

## SEC filing metadata
- accession: 0001466593-21-000080
- form_type: 8-K
- ticker: OTTR
- cik: 0001466593
- company_name: Otter Tail Corp
- filed_at: 2021-12-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466593/000146659321000080/0001466593-21-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466593/000146659321000080/ottr-20211214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466593-21-000080
- JSON: https://secwatch.observer/filing/0001466593-21-000080.json
- Plain text: https://secwatch.observer/filing/0001466593-21-000080.txt

## Key facts
- Executive change
  Dr. Michael E. LeBeau was appointed as Director at Otter Tail Corp.
  - Action: appointed
  - Role: Director
  source text: On December 14, 2021, the Board of Directors of the Company appointed Dr. Michael E. LeBeau to serve as a member of the Board of Directors, effective January 1, 2022, to fill the vacancy which will be created by the retirement of Mr. O’Keefe.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659321000080/0001466593-21-000080-index.htm
- Executive change
  Timothy J. O'Keefe departed as Director at Otter Tail Corp.
  - Action: retire
  - Role: Director
  source text: On December 14, 2021, Timothy J. O’Keefe notified Otter Tail Corporation (the “Company”) of his intention to retire from the Company’s Board of Directors effective at the conclusion of his current term, which expires at the time of the 2022 Annual Meeting of Shareholders, due to having reached the mandatory retirement age.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659321000080/0001466593-21-000080-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.