LEGAL PROCEEDINGS
−Removed: We are involved in several legal proceedings in which damages and claims have been asserted against us.
−Removed: We believe that we have a number of valid defenses to such proceedings and claims and intend to vigorously defend ourselves.
−Removed: We do not believe that any such matters will have a material adverse effect on our financial position, results of operations, or liquidity.
−Removed: We record a loss contingency if the potential loss from a proceeding or claim is considered probable and the amount can be reasonably estimated or a range of loss can be determined.
−Removed: We provide disclosure when it is reasonably possible that a loss will be incurred in excess of any recorded provision.
−Removed: Significant judgment is required in these determinations.
−Removed: As additional information becomes available, we reassess prior determinations and may change our estimates.
−Removed: Additional claims may be asserted against us in the future.
−Removed: Litigation is subject to many uncertainties, and the outcome of litigation is not predictable with assurance.
−Removed: It is possible that a litigation matter for which liabilities have not been recorded could be decided unfavorably to us, and that any such unfavorable decision could have a material adverse effect on our financial position, results of operations, or liquidity.
+Added: The information required by this Item is incorporated by reference from Note 15 - Commitments and Contingencies of the notes to consolidated financial statements included in Item 8.
+Added: Financial Statements and Supplementary Data.
MINE SAFETY DISCLOSURES
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Carrier is a manufacturer and distributor of commercial and residential HVAC and refrigeration systems and equipment and a provider of aftermarket services and components of its own products and those of other manufacturers in both the HVAC and refrigeration industries.
−Removed: Pompa, Age 59;
−Removed: Executive Vice President and Chief Financial Officer of the Company since April 2006 and Treasurer of the Company from October 2019 to June 2020.
−Removed: From June 2003 to April 2006, Mr.
−Removed: Pompa was Senior Vice President-Chief Accounting Officer of the Company, and from June 2003 to January 2007, Mr.
−Removed: Pompa also served as Treasurer of the Company.
−Removed: From September 1994 to June 2003, Mr.
−Removed: Pompa was Vice President and Controller of the Company.
−Removed: On December 15, 2023, the Company announced that Mr.
−Removed: Pompa will step down as Executive Vice President and Chief Financial Officer and depart from the Company, effective as of April 1, 2024.
−Removed: Pompa will be succeeded by Jason R.
−Removed: Nalbandian, the Company’s Senior Vice President and Chief Accounting Officer, who will be promoted to Chief Financial Officer effective April 1, 2024, as previously announced.
−Removed: Kevin Matz, Age 65;
−Removed: Executive Vice President-Shared Services of the Company since December 2007 and Senior Vice President-Shared Services from June 2003 to December 2007.
−Removed: From April 1996 to June 2003, Mr.
−Removed: Matz served as Vice President and Treasurer of the Company and Staff Vice President-Financial Services of the Company from March 1993 to April 1996.
−Removed: On December 15, 2023, the Company announced that Mr.
−Removed: Matz will step down as Executive Vice President-Shared Services and depart from the Company, effective as of April 1, 2024.
+Added: Nalbandian, Age 37;
+Added: Chief Financial Officer of the Company since April 2024 and Senior Vice President and Chief Accounting Officer of the Company since January 2022.
+Added: From February 2019 to January 2022, Mr.
+Added: Nalbandian served as Controller of the Company and was Assistant Controller of the Company from January 2017 to February 2019.
+Added: Nalbandian joined the Company in May 2014 as Director of Accounting and Analysis.
+Added: Prior to joining EMCOR, he worked in the assurance practice of Ernst & Young LLP.
Mauricio , Age 53;
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.