secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001466593-25-000128
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659325000128/0001466593-25-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659325000128/ottr-20251216.htm
  HTML page:      https://secwatch.observer/filing/0001466593-25-000128

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