---
schema_version: "secwatch.filing_event.v1"
accession: "0001466593-23-000154"
form_type: "8-K"
ticker: "OTTR"
cik: "0001466593"
company_name: "Otter Tail Corp"
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:43:37.421304+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Otter Tail CFO Kevin Moug to retire Dec 31, 2023; Todd Wahlund named successor effective Jan 1, 2024

## Summary
- CFO Kevin Moug retiring after 27 years; effective Dec 31, 2023.
- Todd Wahlund, currently CFO of Otter Tail Power Company, becomes CFO Jan 1, 2024.
- Wahlund's compensation: base $415K, 50% cash incentive target, $400K LTI target.
- Wahlund has 31 years at Otter Tail; planned internal succession.
- No family relationships with directors or executive officers.

## SEC filing metadata
- accession: 0001466593-23-000154
- form_type: 8-K
- ticker: OTTR
- cik: 0001466593
- company_name: Otter Tail Corp
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000154/0001466593-23-000154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000154/ottr-20231002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466593-23-000154
- JSON: https://secwatch.observer/filing/0001466593-23-000154.json
- Plain text: https://secwatch.observer/filing/0001466593-23-000154.txt

## Key facts
- Executive change
  Kevin Moug departed as Chief Financial Officer and Senior Vice President at Otter Tail Corp.
  - Action: retire
  - Role: Chief Financial Officer and Senior Vice President
  source text: Kevin Moug, the Chief Financial Officer and Senior Vice President, of Otter Tail Corporation (the Company), notified the Company of his intention to retire effective December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000154/0001466593-23-000154-index.htm
- Executive change
  Todd Wahlund was elected as Vice President and Chief Financial Officer at Otter Tail Corp.
  - Action: elected
  - Role: Vice President and Chief Financial Officer
  source text: The Board has elected Todd Wahlund to the position of Vice President and Chief Financial Officer, effective on Mr. Moug’s retirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000154/0001466593-23-000154-index.htm

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