Current Report Filing (8-k)
14 Oktober 2022 - 10:33PM
Edgar (US Regulatory)
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0001466258
2022-10-11
2022-10-12
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________________________________
FORM 8-K
____________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of The
Securities Exchange Act of
1934
Date of Report (Date
of earliest event reported) — October 12, 2022
____________________________________________
TRANE TECHNOLOGIES
PLC
(Exact name of registrant as specified in its
charter)
____________________________________________
Ireland |
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001-34400 |
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98-0626632 |
(State or other
jurisdiction |
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(Commission |
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(I.R.S. Employer |
of incorporation) |
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File Number) |
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Identification
No.) |
170/175 Lakeview Drive
Airside Business
Park
Swords Co. Dublin
Ireland
(Address of principal
executive offices, including zip code)
+(353)(0)18707400
(Registrant’s phone number, including area code)
N/A
(Former name or former address, if changed since last report)
____________________________________________
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
☐ |
Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section
12(b) of the Act:
Title of each class |
|
Trading Symbol |
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Name of each exchange on which registered |
Ordinary Shares, Par Value $1.00 per
Share |
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TT |
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New York Stock
Exchange |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
§240.12b-2):
Emerging growth company
☐
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the
Exchange Act. ☐
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Item
5.02. |
Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers |
On October 12, 2022, the Board of Directors
(the “Board”) of Trane Technologies plc (the “Company”) appointed Mark
Majocha, age 50, as Vice President and Chief Accounting Officer, effective as of December 1, 2022
(the “Effective Date”). Mr. Majocha will also serve as Principal Accounting Officer of
the Company beginning on the Effective Date. Mr. Majocha currently serves as Vice President,
Finance CHVAC Americas of the Company, a position he has held since April 2020. From July 2018 to
April 2020, he served as Vice President, Corporate Development of the Company. Prior to that, Mr.
Majocha served in a variety of finance roles at the Company.
Mr. Majocha will receive a base salary of
$425,000 annually. His Annual Incentive Matrix Program (“AIM”) target is set at 60% and
his annual equity award opportunity target is set at $350,000. Mr. Majocha is eligible to
participate in other benefit programs available to the Company’s executive
officers.
Mr. Majocha will also enter into a Change in
Control Agreement with the Company. In the event of a change in control, Mr. Majocha will receive a
severance payment equal to two times his base salary plus his AIM target.
The foregoing summary of Mr. Majocha
compensation is qualified in its entirety by reference to the complete employment agreement, a copy
of which is attached hereto as Exhibit 10.1 and is incorporated by reference.
There are no transactions between Mr. Majocha
and the Company that would require disclosure under Item 404(a) of Regulation S-K.
Item 9.01. Financial Statements and
Exhibits
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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TRANE TECHNOLOGIES
PLC |
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(Registrant) |
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Date: |
October 14, 2022 |
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/s/ Evan M. Turtz |
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Evan M. Turtz, Senior Vice
President, |
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General Counsel and
Secretary |
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