secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0001466593-21-000080
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659321000080/0001466593-21-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659321000080/ottr-20211214.htm
  HTML page:      https://secwatch.observer/filing/0001466593-21-000080

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