Otter Tail appoints Clark and Rasche to board; Fritze retiring at April 2026 meeting

Otter Tail Corp

Steven L. Fritze to retire from board at the 2026 Annual Meeting in April after 12 years of service.
Chris Clark (former Xcel Energy President) and Steve Rasche (former Spire CFO) join board effective Jan 1, 2026.
Clark appointed to Audit and Governance Committees; Rasche to Audit and Compensation Committees.
New directors receive $80k annual retainer, $10.5k per committee, and ~$130k in restricted stock vesting over 3 years.
Neither Clark nor Rasche has a material interest in any proposed or past transaction with Otter Tail.

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