Executive Brief
- Johnson Controls International plc announced a leadership transition in its Americas business segment effective October 1, 2025 (Item 5.02).
- Nathan Manning, Vice President and President, Americas, will leave the Company to pursue other opportunities but remain as a special advisor through December 31, 2025 (Item 5.02).
- Todd Grabowski, President Global Data Centers & Applied Equipment, will succeed Manning as Vice President and President, Americas starting October 1, 2025 (Item 5.02).
- Manning will receive severance benefits per the Company’s Severance and Change in Control Policy for Officers (Item 5.02).
- No financial impact or other compensatory details disclosed beyond reference to existing severance policy (Item 5.02).
- No other Items disclosed in this 8-K.
- No new financial guidance, agreements, or regulatory disclosures included.
- No risks, uncertainties, or material events beyond leadership change noted.
- Next steps: transition effective October 1, 2025; Manning advisory role through December 31, 2025.
- Source: (Item 5.02, entire section).
Item-by-Item Analysis
Item 5.02 – Departure/Election of Directors/Officers; Compensatory Arrangements
- What happened: Nathan Manning, VP and President, Americas, will transition out of leadership and leave the Company to pursue other opportunities; Todd Grabowski will assume Manning’s role on October 1, 2025.
- Parties/terms:
- Nathan Manning: departure effective October 1, 2025; special advisor role through December 31, 2025.
- Todd Grabowski: new VP and President, Americas, effective October 1, 2025.
- Severance benefits for Manning per Company’s Severance and Change in Control Policy for Officers (filed as Exhibit 10.11 to 2024 10-K).
- Conditions/closing: Transition effective October 1, 2025; advisory role ends December 31, 2025.
- Source: (Item 5.02, para 1-4).
Exhibits Summary
- No new exhibits filed with this 8-K.
- Severance policy referenced is previously filed as Exhibit 10.11 to 2024 Annual Report on Form 10-K.
Financial & Dilution Impact
- Unknown; no specific severance amounts or other compensation details disclosed.
- No share issuances or buybacks mentioned.
Timeline & Required Actions
- October 1, 2025: Todd Grabowski assumes role as VP and President, Americas.
- December 31, 2025: Nathan Manning’s special advisor role ends.
Risks & Monitoring
- No explicit risks or uncertainties disclosed related to this leadership change.
- Monitor for any operational impact or further disclosures on severance costs.
Metadata & Quality Checks
- No OCR or parsing issues detected.
- No non-GAAP financial measures referenced.
- No forward-looking statements explicitly noted.
- No conflicts or related-party transactions disclosed.
Final Checklist
- Items disclosed: 5.02 only.
- No financial statements or exhibits newly filed.
- Leadership transition clearly described with effective dates.
- Severance policy referenced but not detailed.
- No other material events or regulatory issues reported.