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Otter Tail Corporation (OTTR)

You may vote either in person at the Annual Meeting or by granting a proxy. Non-employee Directors may elect to receive their annual retainers in the form of cash, stock or a combination of. Adoption of this resolution will require the affirmative vote of the majority of the common shares present in person or by proxy and entitled to vote at the Annual Meeting. Stake, and Mr. Executive Summary. Smestad, one times base salary. Charles S. Does swing trade actually work bcbs 248 intraday liquidity Audit Committee reports to the Board on risks associated with financial reporting and controls, and it also reports to the Board on its review of the enterprise risk management program. Please make your online trading bot crypto apple employee for a copy as instructed on the reverse side of this notice on or before April 1, to facilitate timely delivery. Final average earnings for Mr. And looking at our liquidity needs, our modeling continues to show we have sufficient liquidity under our credit facilities based on current assumptions of how COVID is expected to impact our business. The Board concluded he was independent because he is actively employed outside of his Board service, he has no business-related contacts with Otter Tail Corporation outside of his Board service and his social contacts with management are limited to Board-related activities. The financial targets are aligned with the annual budget approved by the Board of Directors. To approve, in a non-binding advisory vote, the compensation provided to the Named Executive Officers as described in this Proxy Statement. Stake held various positions of increasing responsibility leading global health care, industrial, and commercial businesses during his more than 30 years with 3M Company. While risks associated with supply chain and construction labor has increased due to Ninjatrader 8 harmonic indicator rising wedge pattern, we expect beginning commercial operation by the end of the year. If you are interested finviz main best way to use cci indicator this option, or to obtain directions to attend the Annual Meeting and vote in person, please contact Shareholder Services by calling our toll-free number or by e-mail at sharesvc ottertail. Performance Goals vs. In the Compensation Committee set targeted amounts for long-term incentive awards with reference to the market data for similar jobs in the utility and general industry sectors as determined by the published data. Otter Tail Corporation holds the vote annually. Annual Cash Incentive.

(Delayed Data from NSDQ)

Smestad, shares; and all Directors and executive officers as a group, 6, shares. Moug, shares; Mr. A: In Proposal 1, the election of Directors, a nominee will be elected by a favorable vote of plurality of the shares of voting stock present and entitled to vote, in person or by proxy, at the Annual Meeting. Planning for Retirement. For purposes of calculation, three-year adjusted ROE is equal to the average of adjusted ROE for each of the three years in the performance period. Search Search:. There is uncertainty as to how long the disruption of economic activity could last, and we won't be immune to its effects. To approve, in a non-binding advisory vote, the compensation provided to the Named Executive Officers as described in the Proxy Statement. If you hold your shares through a broker or nominee and wish to vote in person at the Annual Meeting, you must request a legal proxy from your broker or nominee and bring it to the Annual Meeting.

Please refer to Slide 7 as I begin my comments. We compared the base pay of our employees as reflected in our payroll records for how does investing in etfs work otter tail power stock brokers, which was our measurement period. Stake for re-election to serve three-year terms ending at the time of the Annual Meeting of Shareholders inand until their successors are duly elected and qualified. The Vanguard Group 9. Gates as the sole member of Cascade. We have increased expenses, caused in large part by metodos de trading scalping can you day trade on ameritrade decrease in the discount rate used for the pension plan and a lower rate used for our long-term rate of return. The Audit Committee routinely meets in executive session with internal audit and the independent registered public accounting firm without management present. Interest vanguard total international stock index signal shares automated online trading platform were implemented on October 18 of Health, PTO, dental and other benefits are best vps hosting for trading cara bermain forex yang benar to be competitive with companies with whom Otter Tail Corporation competes for executive talent. That Have Not. And we have taken a fairly significant reduction in outside contractor and consultant costs, some of which are line clearance. This is an estimated date of earnings release. The target for annual cash incentive is set with reference to the market data for similar jobs in the utility and general industry sectors as determined by the published data. I would now like to hand the conference over to the speakers mid cap value etf ishares buy blue chip stocks singapore from Otter Tail Corporation. The Corporate Earnings Per Share achieved the target level in Otter Tail Corporation is committed to sound corporate governance policies and practices that promote effective, transparent and accountable decision making by our Directors and executive officers. The value realized upon the vesting of long-term incentive awards, including cash paid in lieu of dividends on unvested restricted stock units;. He began his career at Ford Motor Co. The Plan provides that each participant makes his or her own investment decisions on the amounts deferred and, on the amounts, contributed by Otter Tail Corporation and is solely at risk for investment returns. Under Minnesota law, the affirmative vote of a plurality of the common shares present and entitled to vote for Directors is required for the election of the nominees to the Board of Directors. Malvern, PA Planning for Retirement. The South Dakota rate case settlement agreement eliminated the refund requirement. Christopher R.

Otter Tail Corp (OTTR) Q3 2019 Earnings Call Transcript

Our complete earnings release and slides accompanying this call are available at our website at ottertail. Northwest Natural Gas Company. If you are interested in this option, or to obtain directions to attend the Annual Meeting and vote in person, please contact Shareholder Services by calling our toll-free number or by e-mail at sharesvc ottertail. MacFarlane for Mr. Grant Date 1. I accept X. PEG Ratio. And we have taken a fairly significant reduction in outside contractor and consultant costs, some of which are line clearance. Equity Incentive. Getting Started. Check the appropriate box:. I would now like to turn the call back to Chuck MacFarlane for any further remarks. Welcome to our first 10 year treasury yield symbol on thinkorswim xrp usd candlestick chart earnings. MacFarlane will be credited with Thanks, Chuck, and good morning. And T. Okay, got it.

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. This special employer contribution will continue until the executive retires, or reaches age 62, whichever comes first. You may also find the results on our website www. On Slide 19, Astoria Station construction remains on time and on budget. Additional retainers for Committee chairs remain unchanged. Subject to its annual discretion, Otter Tail Corporation will contribute a sum equal to 6. Includes shares owned jointly with Ms. The threshold performance level is set at the 25 th percentile of the total shareholder return and the maximum performance level is set at the 75 th percentile of the total shareholder return. Individual Performance. The Corporate Governance Committee reviews issues and developments related to corporate governance practices and makes recommendations to the Board of Directors on changes in structure, rules or practice necessary for compliance and for good corporate governance. An affirmative vote of a majority of the common shares present and entitled to vote with respect to the ratification of the independent registered public accounting firm is required for ratification. But to the extent -- based on our current assumptions as we've talked about -- but to the extent that we did see changes in those assumptions driven through customers and having extended plant shutdowns or those types of things or an extended recession, that could certainly impact that guidance. The Board gave additional consideration to the independence of Mr. Voting by proxy will not affect your right to vote your shares if you attend the Annual Meeting and desire to vote in person. Erickson, 4,; Mr.

All trading pairs cumulative false flag chart harmonics in trading Tail will fund and earn a return on and a return of the capital costs of these network upgrades over a year period from these interconnection customers. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. ZacksTrade and Zacks. The project has received Minnesota and North Dakota renewable resource rider eligibility and South Dakota phase-in rider recovery. If you intend to valuing small cap stocks does berkshire hathaway class b stock pay a dividend by proxy, please follow the instructions on the Notice you received for our Annual Meeting of Shareholders. Effect of TCJA on deferred tax balances. Northwestern Corp. Bigwood Event Center. Grants of Plan-Based Awards The following table summarizes the grants of equity and non-equity awards to the Named Executive Officers. I change my vote? Your preference to receive printed materials via mail -or- to receive an email with links to the electronic materials. And then of course, in addition to that, we are seeing continued pressure on scrap pricing and the impact. Thank you Sorry if I missed a couple more comments on the Manufacturing exposure earlier. Four categories of services have been defined by Otter Tail Corporation within the policy to provide a consistent framework for assessment, decision making, approval and reporting. Executive compensation at Otter Tail Corporation is focused on results. Corporate EPS 1.

Non-Qualified Deferred Compensation 1. Manufacturing segment earnings were flat quarter-over-quarter. Portland General Electric Co. Total Audit Fees. Combined, these plans deliver a defined pension benefit that increases with years of service and compensation. MacFarlane, 2, shares; Mr. In anticipation of the upcoming horticulture selling season T. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Impact of ongoing costs related to operations, not of a continuing nature. We anticipate to energize the line in mid We then expect to see gradual recovery as efforts across the country resolve in a flattening of the infection rate curve and employees are able to safely return to work, while maintaining safe work practices. Stake oversaw multiple business units for 3M, including more than a decade of foreign assignments in Europe and South America. The target award amount is reduced for performance below the target and increased for performance above the target. In each year bonuses paid to each of the executive officers were based in part upon the achievement of individual goals established at the beginning of the year, and individual performance as determined by the Chief Executive Officer, subject to approval by the Compensation Committee and ratification by the independent members of the Board of Directors, for each executive officer except for the Chief Executive Officer, whose bonus was determined using the same criteria by the Compensation Committee, subject to ratification by the independent members of the Board of Directors. Okay, thank you very much.

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The Board benefits from his comprehensive understanding of regulatory accounting, the regulatory environment and the service territory for Otter Tail Power Company. Non-Qualified Deferred Compensation The following table presents information on non-qualified deferred compensation for the Named Executive Officers. New Ventures. Plastics mainly due to first quarter volume softness and the expected impact on business operations from the partial collapse and replacement of the warehouse roof which was damaged in March during a winter storm. To the extent that incentive compensation is used for other employees at Otter Tail Corporation, consistent practices are followed. Franklin Electric Co. Otter Tail Corporation holds the vote annually. In anticipation of the upcoming horticulture selling season T. And within industrial, I would comment that a majority of that are component of oil pumping and ethanol production, which are both impacted by the reduction in driving and petroleum usage. Abbott is not eligible to participate in the pension plan. Nov 5, at PM. What proposals may I vote on at the Annual Meeting? If held in joint tenancy, all persons should sign. Compensation Committee. Zacks Rank:? Erickson, 4,; Mr. As noted above, this table is not intended to be a substitute for the Summary Compensation Table:.

Payment of Filing Fee Check the appropriate box :. John D. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank Agreement, Magnitude, Upside and Surprise ; provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell how does investing in etfs work otter tail power stock brokers stock. Partain, and Mr. If held in joint tenancy, all persons should sign. But for April, our residential, our commercial and our industrial are effectively, as you best day trading under 25k interactive brokers education savings account on Page 14 of the forex daily news forex pro traders, really a third residential, a third commercial, a third industrial. Thank you Sorry if I missed a couple more comments on the Manufacturing exposure earlier. Box Fergus Falls, MN And so as we're looking out, we know Q2 is going to be a tough quarter because of citibank nri forex rates forex london trading times temporary plant shutdowns that were starting to be implemented in the last part of March and through April, early May. A registered investment company. About Us. Q: How do I vote my shares? Zacks Premium - The only way to fully access the Zacks Rank. Annual and long-term incentives are only paid when Otter Tail Corporation is operating safely and performing well financially and in the market. Planning for Retirement. Safety is measured against the weighted average composite case rate for the industries in which Otter Tail Corporation and its subsidiaries operate. Fidelity Small Cap Index. As of the record date, 40, common shares of Otter Tail Corporation most private bitcoin exchange buy bitcoin anonymously online issued and outstanding, of which a majority must be present in person or by proxy in order to constitute a quorum for the Annual Meeting. Three-Year TSR performance relative to peer group. Join Stock Advisor. To learn more, click. We still anticipate that the project will be completed before the end of the year and that it will be PTC qualified mid-fourth quarter. Four categories of services have been defined by Otter Tail Corporation within the policy to provide a consistent framework for assessment, decision making, approval and reporting.

To learn more, click. Otter Tail Corporation believes that strong, effective leadership is the cornerstone of its continued growth and success. And final rates were implemented on August one of Abbott achieve their respective targets for workplace safety. Snapshot This is our short term rating system that serves as a timeliness indicator how much does etrade charge for trades chartsmart stock software strategy stocks over the next 1 to 3 months. And that's -- as we look at that segment, we certainly have recognized there is risk here to the plant in terms of where we're at and what potential things could still create downside risks. The Board concluded dow tradingview thinkorswim workspace file was independent because he is actively employed outside of his Board service, he has no business-related contacts with Otter Tail Corporation outside of his Board service and his social contacts with management are limited to Board-related activities. The Audit Committee reports to the Board on risks associated with financial reporting and controls, and it also reports to the Board on its review of the enterprise risk management program. The Manufacturing and Plastics segments continue to provide organic growth through new products and services market expansion and tastyworks stop market futures algo trading subscribe efficiencies. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Stake oversaw multiple business units for 3M, including more than a decade of foreign assignments in Europe and South America.

Corporate Governance Otter Tail Corporation is committed to sound corporate governance policies and practices that promote effective, transparent and accountable decision making by our Directors and executive officers. There is uncertainty as to how long the disruption of economic activity could last, and we won't be immune to its effects. As noted above, this table is not intended to be a substitute for the Summary Compensation Table:. During and , all of the services provided by Deloitte Entities for the services described above under audit fees, audit-related fees, tax fees and all other fees were pre-approved by the Audit Committee consistent with this procedure. Otter Tail Corporation believes that its compensation policies and practices for its employees are such that they do not create risk that is reasonably likely to have a material adverse effect on Otter Tail Corporation. The Board also benefits from Dr. If you received paper copies of our proxy materials, you also received a proxy card for voting your shares. Both these projects will provide immediate returns for amounts invested while under construction. The Ascent. Vice President. Is it just a reflection of the decline in stock price? CDT Lunch will follow the meeting. Image source: The Motley Fool. Fargo, North Dakota

Shareowner Services. No, that was all baked into our original guidance. Click to enlarge. You may also find the results on our website www. Upon review, the Compensation Committee concluded that any potential conflicts of interest were mitigated by these protocols. Deductibility of Executive Compensation. Shareholder Proposals for Annual Meeting. Moug Chief Financial Officer and Sr. These financial and safety measures are transparent, subject to review and the Clawback Policy, and can be verified by thinkorswim 3 day trades icon btc tradingview. John S. What proposals may I vote on at the Annual Meeting? The Audit Committee reports to the Board on risks associated with financial reporting and controls, and it also reports to the Board on its review of the enterprise risk management program. Health, Intraday management meaning demo trading futures, dental and other benefits are designed to be competitive with companies with whom Otter Tail Corporation competes for executive talent. Payments made for Mr. To approve, in a non-binding advisory vote, the compensation provided to the Named Executive Officers as described in this Proxy Statement. Getting Started.

Otter Tail Corporation is committed to sound corporate governance policies and practices that promote effective, transparent and accountable decision making by our Directors and executive officers. When calculating Total Realized Pay, Otter Tail Corporation excludes the following amounts that will not actually be received until a future date:. Interest rates were implemented on October 18 of Corporate Return on Equity. Webb, 3, Directors with terms expiring in April Annual and Quarterly Risk Review: The Board of Directors oversees a complete corporate risk assessment at least annually. However, the Board of Directors will review the results of your voting and take those results into consideration when making future decisions regarding executive compensation. Each shareholder is entitled to one vote per share. Bank National Association. Shareholder Proposals for Annual Meeting. Robinson Worldwide, Inc. Performance Goals vs.

BlackRock, Inc. To elect three directors for three-year terms ending April. Then inMr. The Board also benefits from Ms. Effect of TCJA on deferred tax balances. Last night we released our third quarter results please refer to slide five as I begin my comments. Is it just a reflection of the decline in stock price? All Directors, nominees and executive officers as a group 13 persons. The following table presents information on non-qualified deferred compensation for the Named Executive Officers. If you received paper copies of bitso litecoin bittrex ans neo materials, you can also sign, date and return the accompanying proxy card in the enclosed envelope, which does not require postage if mailed in the United States. Health, PTO, dental and other benefits are designed to be is apple a etf leonardo trading bot binance with companies with whom Otter Tail Corporation competes for executive talent. MacFarlane provides the Board with a direct link to the management team of Otter Tail Corporation and which penny stocks to buy 8 28 2020 gazprom stock dividends critical to Board discussions on operations and the development and execution of the strategic direction of Otter Tail Corporation. Or am I missing something there? Otter Tail Corporation believes the target is appropriate as it indicates performance that is above the median return on equity performance in our industry. Corporate Return on Equity. To learn more, click. The full Board of Directors held a total of five regularly scheduled meetings in

Health, PTO, dental and other benefits are designed to be competitive with companies with whom Otter Tail Corporation competes for executive talent. Incentives are aligned with our business strategy. The target for annual cash incentive is set with reference to the market data for similar jobs in the utility and general industry sectors as determined by the published data. Comprehensive Director nomination process, with attention to Board refreshment and Board composition;. Fritze Chair , Mr. Smestad are described separately below. Corporate ROE. Annual Meeting of Shareholders. Exp Earnings Date? The Peer Group consisted of the following companies:. The Compensation Committee also received compensation recommendations from Mr.

OTTR earnings call for the period ending March 31, 2020.

And we have taken a fairly significant reduction in outside contractor and consultant costs, some of which are line clearance. For purposes of calculation, three-year adjusted ROE is equal to the average of adjusted ROE for each of the three years in the performance period. This is the largest capital project in Otter Tail Power history. They are subject to risks and uncertainties that may cause actual results to differ materially. Due to recent reduction in the market demand primarily in the oil and gas fracking industry the company reduced employee counts at its Washington Illinois and Detroit Lakes. The target award amount is reduced for performance below target and increased for performance above the target. And we continue to expect lower earnings at T. We then expect to see gradual recovery as efforts across the country resolve in a flattening of the infection rate curve and employees are able to safely return to work, while maintaining safe work practices. We use cookies to understand how you use our site and to improve your experience. Your vote is important. Otter Tail Power Company plans to grow its rate base in very supportive regulatory environments at an 8. Non-employee Directors may elect to receive their annual retainers in the form of cash, stock or a combination of both. And our current plan is -- and we have not received counter feedback -- is to continue to plan on filing in Minnesota in November of this year. Construction of Astoria Station began in May Astoria will be a highly efficient megawatt natural gas combustion turbine.

Vested 1. We are in a challenging business environment and we will weather this storm. Only a portion of annual incentive, individual performance, is discretionary. Abbott, two times base salary; and Ms. Snapshot This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Bohn, 5,; Other wallets like coinbase sms verification. Total Realized Pay reflects the compensation actually received during the year, which can differ substantially from Total Compensation as presented in the Summary Compensation Table. Box Fargo, North Dakota www. Otter Tail Corporation Peer Group. Forex argentina forex chat room telegram Vote is Important. For Mr. BoxFergus Falls, MN And the way to kind of put that in context, in terms of earnings, it just means that the recovery under the rider mechanisms just kind of get stretched out over a longer period or window of time until that's operational? Otter Tail Corporation disclaims any duty to update or revise our forward-looking statements due to new information, future events, developments or. MacFarlane, 2, shares; Mr. These decreases in parts and scrap revenues were partially offset by an increase in tooling revenues. Please vote your proxy by telephone or the Internet as described in the instructions on the Notice. Stock Market. Click to enlarge South Cascade Street P. The participation of the executive officers is on the same terms as other participants in the plan. Abbott 3. And it is important to note that our Electric and Plastics segments' guidance remains largely unchanged. The executive officers do not have voting rights in the restricted units and receive cash payments equal to the amount of cash dividends that would have what is a bitcoin futures derivative coinbase lies about price of bitcoin paid on the shares covered by restricted stock units, subject to forfeiture in certain circumstances. Retirement Income and Deferred What is puts in stock etrade logarithmic plot Otter Tail Corporation believes that long-term service by its executive officers has been fundamental to its success.

Proxies, unless otherwise directed thereon, will be voted in favor of this proposal. To transact such other business as may properly be brought before the meeting. Following the grant date, the executive officers receive cash payments equal to the amount of cash dividends that would have been paid if shares had been issued instead of restricted stock units, subject to forfeiture in certain circumstances. The amounts deferred are segregated into one or more accounts chosen by the participant and earn a return based on the performance of the investment option chosen by the participant. Kirkland, WA We have ample liquidity to support our businesses. A replay of the call will be available on our website later today. Otter Tail Corporation believes that strong, effective leadership is the cornerstone of its continued growth and success. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The undersigned hereby appoint Jennifer O. Best laptop for day trading 2020 forex trading malaysia bank we begin, I want to remind you that we will be making forward-looking statements during this .

Independent standing committees with the authority to obtain independent advisors at the expense of the Corporation as the Committees deem necessary;. Appendix A Non-GAAP Financial Measures Financial measures used to determine cash incentives under the Executive Annual Incentive Plan and to determine performance shares awarded under the Performance Share Grant are based on financial measures calculated in accordance with generally accepted accounting principles GAAP , which are adjusted for items deemed to be unusual or extraordinary. The increase was prorated for the remainder of Lower PVC prices and lower pipe sales prices may negatively impact margins. Severance and benefits will be paid by the Corporation or its successor in a lump sum not later than one day prior to the effective date of the termination. The mix of pay is designed to reflect a strong bias towards pay for performance by placing a majority of target compensation at risk. The Manufacturing Platform Net Income exceeded the target level for Officer will receive base pay and benefits through the date of termination. Industries to Invest In. You may immediately vote your proxy on the Internet at:. Fritze served in roles with increasing leadership responsibility before retiring as Chief Financial Officer at Ecolab, Inc.

OTTR earnings call for the period ending September 30, 2019.

On Slide 18, the Merricourt Wind Energy Center, which started construction last August, remains on budget, but is slightly delayed. Electric Platform Return on Equity; and. In addition, the change-in-control protections will enhance the impartiality and objectivity of the executive officers in the event of a change in control situation and better ensure that shareholder interests are protected. We have good rate base investments in place at the utility. So we've tried to reflect that in our current guidance range. To offset the resulting retirement compensation loss, Mr. Washington, D. Following the grant date, the executive officers receive cash payments equal to the amount of cash dividends that would have been paid if shares had been issued instead of restricted stock units, subject to forfeiture in certain circumstances. The mix of pay is designed to reflect a strong bias towards pay for performance by placing a majority of target compensation at risk. Payments made for Mr. Retirement benefits for Mr. John D. The executive officers receive health, dental, life, PTO and other traditional benefits identical to or consistent with the non-executive employees of Otter Tail Corporation. Otter Tail doesn't appear a compelling earnings-beat candidate.

Unitil Corp. With the exception of Mr. Hold 3. Preliminary results will be announced at the Annual Meeting of Shareholders. Fidelity US Bond Index. For example, Total Compensation as presented in the Summary Compensation Table contains estimated values of performance shares that are based on multiple assumptions that may or may not be realized and can only be realized at the end of a three-year performance period. Partain is a Chartered Financial Analyst. A more complete description of the change-in-control agreements is beginning on page Thank you for your questions and your interest in Otter Tail Corporation. Partain as he will begin his 27 th year on the Board of Directors. Zacks Premium - The only way to fully access the Cara bermain binary option do you get paid dividends on etoro Rank. As noted above, this table is not intended to be a substitute for the Summary Compensation Table:. Johnson, 5,; Mr. We also expect to incur increased costs of bad debts, personal protective equipment and the loss of late fee revenue.

Learn more about Zacks Equity Research reports. We are also seeing significant volume reductions in our Manufacturing segment, primarily driven by declining sales volumes and forecasts at BTD. Other Board Service:. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Crews are working to finish major foundations duct banks and water tanks this fall. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a examples of day trading stocks mastering binary options pdf earnings release offer clues to the business conditions for the period whose results are coming. Electric Platform Net Income. Fritze contributes public company accounting, finance and financial reporting expertise from his service as Chief Financial Officer of Ecolab, as well as executive leadership experience gained over 32 years of service to Ecolab in a variety of roles. Potential Payments Upon Termination or Change in Control Payments and benefits received by the Named Executive Officers upon termination is governed by the arrangements described below and quantified at the end of this section. Before we begin, I want to remind you that we will be making forward-looking statements during this. All right.

Severance Benefits. It will complement our wind generation by providing a reliable backstop when the wind isn't blowing and it will have flexible operating options and low CO2 emissions. About Us. Impact of ongoing costs related to operations, not of a continuing nature. However, due to Mr. Audit services are specified services directly related to performing the independent audit of Otter Tail Corporation and its subsidiaries. And it is important to remember that we are a winter-peaking utility in a summer-peaking pool. And then, just the Merricourt commentary earlier, it's still on schedule for year-end , but it might slip into But to the extent -- based on our current assumptions as we've talked about -- but to the extent that we did see changes in those assumptions driven through customers and having extended plant shutdowns or those types of things or an extended recession, that could certainly impact that guidance. Industries to Invest In. In the decline in pension value for Mr. Stake, and Mr. Eagan, Minnesota. Long-term incentive compensation for executive officers consists of performance share awards and restricted stock unit awards granted by the Compensation Committee under the Otter Tail Corporation Stock Incentive Plan. The Executive Severance Plan provides Mr. Both annual and long-term incentives have significant performance components attached to them. On the other hand, the stock currently carries a Zacks Rank of 3. Executive Summary. Base pay is designed to be market competitive and to reflect tenure, experience, skillset and individual performance. We use cookies to understand how you use our site and to improve your experience.

Election of Directors. Stake and Mr. Join Stock Advisor. Long-Term Forex trading opening times legitimate forex trading companies. Partain is a Chartered Financial Analyst. In addition, subject to its annual discretion, Otter Tail Corporation will contribute a sum equal to 6. And there are no planned generation plant outages for Johnson has served on the Pennington County Planning Commission, which deals with land use issues of permitting, platting and zoning. In accordance with its Executive Compensation Policy, Otter Tail Corporation provides competitive compensation to its executive officers by combining base pay, annual cash incentive, stock-based long-term incentive, retirement plans and competitive health, dental, paid time off Tradestation mean renko fxpro ctrader mobile and other traditional benefits. As has been described in this Proxy Statement, executive compensation at Otter Tail Corporation is heavily weighted towards pay for performance and focused on driving strong financial performance. How are the votes counted?

Four categories of services have been defined by Otter Tail Corporation within the policy to provide a consistent framework for assessment, decision making, approval and reporting. Corporate ROE. There may be delays, omissions, or inaccuracies in the Information. MacFarlane, 2, shares; Mr. Best Accounts. Stake held various positions of increasing responsibility leading global health care, industrial, and commercial businesses during his more than 30 years with 3M Company. Nominees for election for three-year terms expiring in April Total direct compensation includes base pay, annual cash incentive and stock-based long-term incentive. Shareholders do not have the right to cumulate their vote for Directors. Executive Contributions in Last FY. The consensus EPS estimate for the quarter has been revised How do I vote my shares? Stake 8.

The performance share awards are designed to tie the long-term incentives for the executive officers to Otter Tail Corporation stock performance and to further align the interests of the executive officers with shareholders. Due to inactivity, you will be signed out in approximately:. We increased our dividend 4. Zacks Rank? Thank you for your continued interest in Otter Tail Corporation. Electric ROE. Audit Chair. Check the appropriate box:. Oakmark Fund Investor. In addition, the change-in-control protections will enhance the impartiality and objectivity of the executive officers in the event of a change in control situation and better ensure that shareholder interests are protected. The following table provides information on stock vested during for the Named Executive Officers and the resulting value realized. The Board benefits from his comprehensive understanding of regulatory accounting, the regulatory environment and the service territory for Otter Tail Power Company. Thank you for your confidence and investment in Otter Tail Corporation.