0001206774-22-002524.txt : 20221014 0001206774-22-002524.hdr.sgml : 20221014 20221014070647 ACCESSION NUMBER: 0001206774-22-002524 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20221011 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20221014 DATE AS OF CHANGE: 20221014 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Trane Technologies plc CENTRAL INDEX KEY: 0001466258 STANDARD INDUSTRIAL CLASSIFICATION: AUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENT [3822] IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34400 FILM NUMBER: 221310258 BUSINESS ADDRESS: STREET 1: 170/175 LAKEVIEW DRIVE STREET 2: AIRSIDE BUSINESS PARK, SWORDS, CITY: CO. DUBLIN STATE: L2 ZIP: 00000 BUSINESS PHONE: 732-652-7000 MAIL ADDRESS: STREET 1: C/O TRANE TECHNOLOGIES STREET 2: 800-E BEATY STREET CITY: DAVIDSON STATE: NC ZIP: 28036 FORMER COMPANY: FORMER CONFORMED NAME: Ingersoll-Rand plc DATE OF NAME CHANGE: 20090612 8-K 1 tt4118901-8k.htm CURRENT REPORT

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 11, 2022

_________________________________

	TRANE TECHNOLOGIES PLC
	(Exact name of registrant as specified in its charter)

_________________________________


Ireland		001-34400		98-0626632
(State or other jurisdiction		(Commission		(I.R.S. Employer
of incorporation)		File Number)		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

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. ☐


Item 5.02.		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On October 11, 2022, the Board of Directors (the “Board”) of Trane Technologies plc (the “Company”) elected Mark George and Melissa Schaeffer to serve as independent directors on the Company’s Board, effective immediately. Mr. George will serve on the Human Resources and Compensation Committee of the Board and the Sustainability, Corporate Governance and Nominating Committee of the Board. Ms. Schaeffer will serve on the Audit Committee of the Board and the Finance Committee of the Board.

Mr. George is currently the Executive Vice President and Chief Financial Officer of Norfolk Southern Corporation (“Norfolk Southern”), a position he has held since November 2019. Prior to joining Norfolk Southern, Mr. George served as Vice President, Finance and Chief Financial Officer at segments of United Technologies Corporation, including Vice President Finance, Strategy, IT and Chief Financial Officer at Otis Elevator Company from October 2015 to May 2019 and Vice President Finance and Chief Financial Officer at Carrier Corporation from June 2019 until joining Norfolk Southern.

Ms. Schaeffer is currently the Senior Vice President and Chief Financial Officer of Air Products and Chemicals, Inc. (“APD”), a position she has held since August 2021. Ms. Schaeffer joined APD in 2016, serving as Vice President, Finance – GEMTE, Americas, Middle East, and India from 2020 to 2021 and as Vice President, Chief Audit Executive from 2016 to 2020.

Mr. George and Ms. Schaeffer will participate in the non-management director compensation program described on pages 40 through 42 of the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 22, 2022.

There are no arrangements or understandings between either Mr. George or Ms. Schaeffer and any other person pursuant to which they were elected to the Board. There are no transactions between either Mr. George or Ms. Schaeffer and the Company that would require disclosure under Item 404(a) of Regulation S-K.

A copy of the press release announcing Mr. George’s and Ms. Schaeffer’s 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 October 14, 2022.
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
		(Registrant)

Date: October 14, 2022		/s/ Evan M. Turtz
		Evan M. Turtz, Senior Vice President,
		General Counsel and Secretary

EX-99.1 2 tt4118901-ex991.htm PRESS RELEASE OF TRANE TECHNOLOGIES PLC DATED OCTOBER 14, 2022.

Media Contact:		Investors Contact:
Shelby Hansen		Zachary Nagle
+1-704-990-3835		+1-704-990-3913
Shelby.Hansen@tranetechnologies.com		InvestorRelations@tranetechnologies.com

Mark George, CFO for Norfolk Southern Corporation, and Melissa Schaeffer, CFO for
Air Products and Chemicals, Inc., Join Trane Technologies Board of Directors

SWORDS, Ireland — Oct. 14, 2022 — Trane Technologies (NYSE: TT), a global climate innovator, today announced that its Board of Directors has appointed two new members, Mark George and Melissa Schaeffer.

“Mark and Melissa will add valuable strategic and financial insights to our Board of Directors as we continue to grow and innovate for a healthier, more sustainable world,” said Dave Regnery, chair and CEO of Trane Technologies. “Mark brings extensive leadership and business development experience, with deep financial acumen and industry knowledge. Melissa has a passion for leadership and widespread global experience in finance, business transformation and risk management. We will benefit greatly from these diverse new perspectives.”

Mark George, EVP and Chief Financial Officer, Norfolk Southern Corporation

George brings more than 30 years of financial and business development experience in global, industrial markets. He has served as executive vice president and chief financial officer for Norfolk Southern Corporation (NYSE: NSC) since 2019. Previously, he spent more than 30 years with United Technologies Corporation (UTC) in various executive leadership roles across multiple business segments. During his tenure with UTC, he served as chief financial officer for Carrier as well as the Otis Elevator Company. George also has had responsibility for business strategy, business development and information technology.

George holds a Bachelor’s degree in Finance from Central Connecticut State University and a Master of Business Administration from the Rensselaer Polytechnic Institute at Hartford.

George will serve on the Human Resources and Compensation and the Sustainability, Corporate Governance and Nominating Committees of the Board of Directors.

Melissa Schaeffer, SVP and Chief Financial Officer, Air Products and Chemicals, Inc.

Schaeffer has been a finance leader in the industrial sector for more than twenty years. She currently serves as senior vice president and chief financial officer for Air Products and Chemicals, Inc. (NYSE: APD), leading the company’s worldwide financial and transactional business services organization. She also serves as a board member and Audit Committee chair for several of the company’s largest strategic joint ventures. Prior to joining Air Products and Chemicals in 2016, Schaeffer served as global director of internal audit and enterprise risk management for Trinseo, and also spent several years with Ernst & Young working with a variety of companies on business strategy and transformation.

Schaeffer holds a Bachelor’s degree in Accounting and Finance from Indiana University and a Master of Business Administration from Villanova University.

Schaeffer will serve on the Audit and Finance Committees of the Board of the Directors.

# # #

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 tranetechologies.com.

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Cover	Oct. 11, 2022
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 11, 2022
Entity File Number	001-34400
Entity Registrant Name	TRANE TECHNOLOGIES PLC
Entity Central Index Key	0001466258
Entity Tax Identification Number	98-0626632
Entity Incorporation, State or Country Code	L2
Entity Address, Address Line One	170/175 Lakeview Drive
Entity Address, Address Line Two	Airside Business Park
Entity Address, City or Town	Swords Co. Dublin
Entity Address, Country	IE
Entity Address, Postal Zip Code	00000
City Area Code	353
Local Phone Number	18707400
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Ordinary Shares, Par Value $1.00 per Share
Trading Symbol	TT
Security Exchange Name	NYSE
Entity Emerging Growth Company	false

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