8-K
Trane Technologies plc (TT)
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) — October 3, 2023
____________________________________________
TRANE TECHNOLOGIES PLC
(Exact name of registrant as specified in its charter)
____________________________________________
| Ireland | 001-34400 | 98-0626632 |
|---|---|---|
| (State or other jurisdiction<br><br>of incorporation) | (Commission<br><br>File Number) | (I.R.S. Employer<br><br>Identification No.) |
170/175 Lakeview Drive
Airside Business Park
Swords Co. Dublin
Ireland
(Address of principal executive offices, including zip code)
+(353)(0)18707400
(Registrant’s phone number, including area code)
N/A
(Former name or former address, 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 $1.00 per Share | TT | New York Stock Exchange |
| 5.250% Senior Notes due 2033 | TT33 | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2):
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. o
| Item 5.02. | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. |
|---|
On October 3, 2023, the Board of Directors (the “Board”) of Trane Technologies plc (the “Company”) elected Ana Paula de Jesus Assis to serve as an independent director of the Company’s Board. Ms. Assis will serve on the Human Resources and Compensation Committee; the Sustainability, Corporate Governance and Nominating Committee; and the Technology and Innovation Committee of the Board of Directors.
Ms. Assis has been employed by IBM Corporation since May 1996, and currently serves as Chair and General Manager, Europe, Middle East & Africa (EMEA), a position that she has held since January 2023. Prior to this, she was General Manager, EMEA from January 2022 until January 2023; General Manager, Client Transition Leader from October 2020 to December 2021; General Manager, Latin America from July 2017 to November 2020, General Manager Global Technology Services Latin America from February 2017 to July 2017, and Vice President of Software Sales, China from October 2015 to February 2017.
Ms. Assis will participate in the non-management director compensation program described on pages 41 through 43 of the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 21, 2023.
There are no arrangements or understandings between Ms. Assis and any other person pursuant to which Ms. Assis was elected to the Board. There are no transactions between Ms. Assis and the Company that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the press release announcing Ms. Assis’ appointment to the Board is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. | | --- | --- || (d) | Exhibits: | | --- | --- || Exhibit No. | Description | | --- | --- | | 99.1 | Press Release of Trane Technologies plc, dated October4, 2023. | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
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.
| TRANE TECHNOLOGIES PLC<br><br>(Registrant) | ||
|---|---|---|
| Date: | October 4, 2023 | /s/ Evan M. Turtz |
| Evan M. Turtz, Senior Vice President, General Counsel and Secretary |
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Media Contact: Investors Contact:
Shelby Hansen Zachary Nagle
+1-704-990-3835 +1-704-990-3913
Shelby.Hansen@tranetechnologies.com InvestorRelations@tranetechnologies.com
Ana Paula Assis of IBM Joins the Trane Technologies Board of Directors
SWORDS, Ireland ─ Oct. 4, 2023 ─ Trane Technologies (NYSE: TT), a global climate innovator, today announced the appointment of Ana Paula Assis to its Board of Directors, effective immediately. Assis is the Chair and General Manager of IBM in Europe, the Middle East and Africa (EMEA).
“Ana Paula has been instrumental in driving growth and transformation in markets around the world throughout her career,” said Dave Regnery, chair and CEO of Trane Technologies. “Her international business leadership and her deep technology expertise will be a great addition to our Board of Directors as Trane Technologies continues to grow and innovate for a more sustainable world.”
Assis brings more than 25 years of global leadership experience in the information technology and solutions industry. She is a recognized thought leader in areas including artificial intelligence and data responsibility.
Since 2022, Assis has served as the General Manager of IBM EMEA, responsible for IBM’s business operations, client satisfaction and employee engagement in a region with more than 100 countries. In January 2023, she was named Chair of IBM EMEA, overseeing IBM’s relationship with the European Union and other institutions across the region.
Previously, Assis led the client transition activities of the successful spin-off of IBM’s IT Managed Services division, now Kyndryl. She also served as the General Manager for IBM in Latin America and has held multiple positions in the United States, China and Latin America. She holds a degree in Computer Science from Universidade Federal de Goias and an MBA from Fundação Dom Cabral.
Assis will serve on the Human Resources and Compensation Committee; the Sustainability, Corporate Governance and Nominating Committee; and the Technology and Innovation Committee of the Trane Technologies Board of Directors.
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About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. For more on Trane Technologies, visit tranetechnologies.com.