LEGAL PROCEEDINGS
−Removed: 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: Several class action complaints have been filed against Northern Pipe Products, Vinyltech Corporation, Otter Tail Corporation and over 20 other parties.
+Added: The complaints allege, among other things, that our companies and the other defendants and alleged co-conspirators conspired to fix, raise, maintain, and stabilize the price of PVC municipal water, PVC plumbing pipe, PVC pipe fixtures and PVC conduit pipe in violation of United States federal and state antitrust laws, Canadian competition laws, and consumer protection and competition laws.
See Note 14 , Commitments and Contingencies, to the consolidated financial statements, which information is incorporated herein by reference, for further discussion of this matter.
3 unchanged sentences
Name and Age Date Elected to Office Current Position
−Removed: MacFarlane (60) 04/13/15 President and Chief Executive Officer
−Removed: Wahlund (54) 01/01/24 Vice President, Chief Financial Officer
−Removed: Rogelstad (58) 04/14/14 Senior Vice President, Electric Platform
−Removed: Abbott (66) 02/11/15 Senior Vice President, Manufacturing Platform
−Removed: Smestad (54) 01/01/18 Vice President, General Counsel and Corporate Secretary
+Added: MacFarlane (61)
+Added: 04/13/15 President and Chief Executive Officer
+Added: 01/01/24 Vice President, Chief Financial Officer
+Added: Rogelstad (59)
+Added: 04/14/14 Senior Vice President, Electric Platform
+Added: 02/11/15 Senior Vice President, Manufacturing Platform
+Added: 01/01/18 Senior 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 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 Vice President, Chief Financial Officer 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.
John Abbott has served as Senior Vice President, Manufacturing Platform since February 11, 2015.
−Removed: Jennifer Smestad has served as Vice President, General Counsel and Corporate Secretary of the Company since January 1, 2018.
+Added: Jennifer Smestad has served as Senior Vice President, General Counsel and Corporate Secretary since April 13, 2025, and previously served as Vice President, General Counsel and Corporate Secretary of the Company from January 1, 2018 to April 12, 2025.
Smestad has also served as General Counsel for OTP since March 1, 2013.
4 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.