Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 28, 2022, Johnson Controls International plc (the "Company") appointed
Daniel C. "Skip" McConeghy, 55 to the position of Vice President, Chief
Accounting and Tax Officer. In this role, Mr. McConeghy will serve as the
Company's Principal Accounting Officer. Previously, Olivier Leonetti, the
Company's Executive Vice President and Chief Financial Officer, served as the
Company's Principal Accounting Officer on an interim basis.
Mr. McConeghy has served as the Company's Vice President, Global Tax since
October 2020 and as interim Controller since February 2022. Mr. McConeghy
previously served as the Company's Vice President, Corporate Tax Planning, from
July 2012 through October 2020. Prior to joining the Company, Mr. McConeghy was
a Tax Partner at PricewaterhouseCoopers, from July 1999 through June 2012.
In connection with Mr. McConeghy's appointment, he will (1) receive a base
salary of $450,000, (2) participate in the Company's Annual Incentive
Performance Program for fiscal year 2022, with a prorated maximum bonus capped
at 120% of his base salary and (3) receive long-term equity incentive awards
consistent with the awards granted to the Company's executives, consisting of a
mix of performance share units, share options and restricted share units. Mr.
McConeghy will be eligible to participate in all employee benefit plans
generally available to senior executives of the Company, which are more fully
described in the Company's definitive proxy statement ("Proxy Statement") on
Schedule 14A filed with the Securities and Exchange Commission on January 21,
2022. Mr. McConeghy will also be subject to the Company's Severance and Change
in Control Policy, which is described in the Company's Proxy Statement.
There are no transactions since the beginning of the Company's last fiscal year
in which the Company is a participant and in which Mr. McConeghy or any members
of his immediate family have any interest that are required to be reported under
Item 404(a) of Regulation S-K. No family relationships exist between Mr.
McConeghy and any of the Company's directors or executive officers. The
appointment of Mr. McConeghy was not pursuant to any arrangement or
understanding between him and any person, other than a director or executive
officer of the Company acting in his or her official capacity.
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