LEGAL PROCEEDINGS
−Removed: We are the subject of various legal and regulatory proceedings in the ordinary course of our business.
−Removed: See Note 13 , Commitments and Contingencies , to the consolidated financial statements, and Management's Discussion and Analysis of Financial Condition and Results of Operations, Regulatory Matters , which information is incorporated herein by reference, for discussion of certain legal, environmental and other regulatory proceedings to which we are a party.
+Added: Several class action complaints have been filed against certain PVC pipe manufacturers, including OTC, alleging, among other things, that the defendants conspired to fix, raise, maintain, and stabilize the price of PVC municipal water and electrical conduit pipe in violation of United States antitrust laws.
+Added: See Note 1 4 , Commitments and Contingencies, to the consolidated financial statements, which information is incorporated herein by reference, for further discussion of this matter.
INFORMATION ABOUT OUR EXECUTIVE OFFICERS
−Removed: Set forth below is a summary of the principal occupations and business experience during the past five years of the executive officers as defined by rules of the SEC.
+Added: Set forth below is a summary of the principal occupations and business experience during the past five years of our executive officers as defined by rules of the SEC.
Each of the executive officers has been employed by the Company for more than five years in an executive or management position either with the Company or its wholly owned subsidiary, Otter Tail Power Company.
Name and Age Date Elected to Office Current Position
−Removed: MacFarlane (59)
−Removed: 04/13/15 President and Chief Executive Officer
−Removed: 01/01/24 Vice President, Chief Financial Officer
−Removed: Rogelstad (57)
−Removed: 04/14/14 Senior Vice President, Electric Platform
−Removed: 02/11/15 Senior Vice President, Manufacturing Platform
−Removed: 01/01/18 Vice President, General Counsel and Corporate Secretary
+Added: MacFarlane (60) 04/13/15 President and Chief Executive Officer
+Added: Wahlund (54) 01/01/24 Vice President, Chief Financial Officer
+Added: Rogelstad (58) 04/14/14 Senior Vice President, Electric Platform
+Added: Abbott (66) 02/11/15 Senior Vice President, Manufacturing Platform
+Added: Smestad (54) 01/01/18 Vice President, General Counsel and Corporate Secretary
Chuck MacFarlane has served as the Company’s President and Chief Executive Officer and as a member of the Company’s Board of Directors since April 13, 2015.
−Removed: Todd Wahlund was appointed to succeed Kevin Moug, Chief Financial Officer and Senior Vice President, subsequent to Mr.
−Removed: Moug's retirement on December 31, 2023.
−Removed: Wahlund has served as Chief Financial Officer and Vice President since January 1, 2024, and previously served as Chief Financial Officer and Vice President, Finance for OTP from May 1, 2018 to December 31, 2023.
+Added: Todd Wahlund has served as Chief Financial Officer and Vice President since January 1, 2024, and previously served as Chief Financial Officer and Vice President, Finance for OTP from May 1, 2018 to December 31, 2023.
Timothy Rogelstad has served as President of OTP and Senior Vice President, Electric Platform of the Company since April 14, 2014.
4 unchanged sentences
There are no family relationships between any of the executive officers or directors.
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MINE SAFETY DISCLOSURES
Not Applicable.
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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.