8-K
Johnson Controls International plc (JCI)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | July 6, 2022 |
|---|
JOHNSON CONTROLS INTERNATIONAL PLC
(Exact name of registrant as specified in its charter)
| Ireland | 001-13836 | 98-0390500 |
|---|---|---|
| (State or Other Jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
One Albert Quay. Cork, Ireland, T12 X8N6
(Address of principal executive offices and postal code)
| (353) | 21-423-5000 | Not Applicable |
|---|---|---|
| (Registrant’s telephone number) | (Former name, former address and former fiscal year, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||
|---|---|---|---|---|---|---|
| Ordinary Shares, Par Value $0.01 | JCI | New York Stock Exchange | ||||
| 4.625% Notes due 2023 | JCI23 | New York Stock Exchange | ||||
| 1.000% Senior Notes due 2023 | JCI23A | New York Stock Exchange | ||||
| 3.625% Senior Notes due 2024 | JCI24A | New York Stock Exchange | ||||
| 1.375% Notes due 2025 | JCI25A | New York Stock Exchange | ||||
| 3.900% Notes due 2026 | JCI26A | New York Stock Exchange | ||||
| 0.375% Senior Notes due 2027 | JCI27 | New York Stock Exchange | ||||
| 1.750% Senior Notes due 2030 | JCI30 | New York Stock Exchange | ||||
| 2.000% Sustainability-Linked Senior Notes due 2031 | JCI31 | New York Stock Exchange | ||||
| 1.000% Senior Notes due 2032 | JCI32 | New York Stock Exchange | ||||
| 6.000% Notes due 2036 | JCI36A | New York Stock Exchange | ||||
| 5.70% Senior Notes due 2041 | JCI41B | New York Stock Exchange | ||||
| 5.250% Senior Notes due 2041 | JCI41C | New York Stock Exchange | ||||
| 4.625% Senior Notes due 2044 | JCI44A | New York Stock Exchange | ||||
| 5.125% Notes due 2045 | JCI45B | New York Stock Exchange | ||||
| 6.950% Debentures due December 1, 2045 | JCI45A | New York Stock Exchange | ||||
| 4.500% Senior Notes due 2047 | JCI47 | New York Stock Exchange | ||||
| 4.950% Senior Notes due 2064 | JCI64A | New York Stock Exchange | Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |||
| --- | --- | --- | ||||
| Emerging growth company | ☐ | |||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 6, 2022, Johnson Controls International plc (the “Company”), announced that Jeff Williams, the Company’s Vice President and President, Global Products, has informed the Company of his decision to retire from such position effective August 1, 2022. A copy of the press release announcing Mr. Williams’ retirement is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description |
|---|---|
| 99.1 | Press release issued by Johnson Controls International plc, dated July 6, 2022 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JOHNSON CONTROLS INTERNATIONAL PLC | |||
|---|---|---|---|
| Date: July 6, 2022 | By: | /s/ Richard J. Dancy | |
| Name: | Richard J. Dancy | ||
| Title: | Vice President and Corporate Secretary |
Document
Exhibit 99.1
Johnson Controls 38-year Veteran Jeff Williams to Retire as President of Global Products
–Jeff Williams will retire effective Aug. 1, 2022.
–A global search for his successor is underway as Johnson Controls accelerates its focus on technology-driven solutions for buildings management to make assets smarter, healthier and more sustainable.
–Global Products is a business unit of Johnson Controls including product development and R&D.
CORK, Ireland, July 6, 2022 -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced that 38-year company veteran Jeff Williams is retiring and that a global search is underway for his successor. Williams’ replacement will inherit a business group generating more than a third of Johnson Controls approximately $24B annual revenues including product development and research & development.
Williams started at Johnson Controls in 1984 as a sales account manager and spent more than 30 years in its automotive business before taking over as leader of its Global Products business in 2019. He was the co-author of the Johnson Controls Manufacturing Systems operating system that continues to guide the company’s global operations today.
“Jeff has been a phenomenal member of our executive leadership team over the past decades, combining an unwavering will to win with faultless integrity,” said George Oliver, Johnson Controls Chairman and CEO. “We thank him for his years of service, and he leaves the Global Products business in fantastic shape, with an amazing opportunity for a new leader to come in and drive forward.
He added: ”Johnson Controls is at a unique point in its near 140-year history as it looks to move an industry that founder Warren Johnson helped to create when he invented the electric room thermostat in 1883. The next chapter will see us reshaping how buildings technology is designed and applied, using all the power of artificial intelligence through Johnson Controls OpenBlue platform. Our aim now, and at the heart of the new role Jeff’s successor will take on, is to maximize the performance of our customer’s buildings; harvesting and applying data insights to optimize every aspect of operations - elevating the performance of human users and equipment, while making environments healthier, more secure and sustainable through lowering energy and water use.”
Within Global products, alongside leading the HVAC/R and Residential business units, a key focus for Williams’ successor will be steering the fire, security and controls teams, which are the heart of the transformation of buildings’ operational technology. The application of advanced solutions utilizing Machine Learning is elevating the capacity for ultra-accurate detection insights, ever more efficient responses and proactive fault reporting.
About Johnson Controls Global Products group
Johnson Controls Global Products group designs and sells HVAC equipment, controls software and software services for residential and commercial applications to commercial, industrial, retail, residential, small business, institutional and governmental customers worldwide. In addition, Global Products designs and sells refrigeration equipment and controls globally. The Global Products business designs and sells fire protection, fire suppression and security products, including intrusion security, anti-theft devices, access control, and video surveillance and management systems, for commercial, industrial, retail, residential, small business, institutional and governmental customers worldwide.
About Johnson Controls
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.
Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.
Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.
Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social platforms.
| INVESTOR CONTACT: | MEDIA CONTACT: |
|---|---|
| Michael Gates | Danielle Canzanella |
| Direct: +1 414.524.5785 | Direct: +1 203.499.8297 |
| Email: michael.j.gates@jci.com | Email: Danielle.Canzanella@jci.com |