secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001466593-23-000154
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000154/0001466593-23-000154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000154/ottr-20231002.htm
  HTML page:      https://secwatch.observer/filing/0001466593-23-000154

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