Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On December 5, 2022, Allegion plc (the "Company" or "Allegion") confirmed that,
as previously disclosed, David D. Petratis will retire from his role as
Executive Chairman of the Board of Directors of the Company (the "Board")
effective December 31, 2022. Mr. Petratis' retirement from the Board is not the
result of any disagreement with the Company or related to any of its operations,
policies or practices.
In connection with Mr. Petratis' retirement from the Board and effective as of
January 1, 2023, the size of the Board will decrease from nine to eight members.
Item 8.01 Other Events.
On December 1, 2022, the Board elected independent director Kirk S. Hachigian as
its Chairman, effective January 1, 2023. Mr. Hachigian has served as a member of
the Board since Allegion became a stand-alone public company in 2013, and
currently serves as the Board's Lead Director. Mr. Hachigian also chairs the
Board's Corporate Governance and Nominating Committee, a role he will retain as
Chairman of the Board, together with his memberships on the Board's Audit and
Finance Committee and its Compensation and Human Capital Committee.
On December 5, 2022, the Company issued a press release related to the
foregoing, a copy of which is attached as Exhibit 99.1 to this Current Report on
Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Press release dated December 5, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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