AI English summary of an SEC filing — figures as filed
Johnson Controls JCIJohnson Controls said on May 1, 2026 that the company and Lei Schlitz, Vice President and President, Global Products & Solutions, determined that Ms. Schlitz will leave the company.
Key points
AI summaryJohnson Controls said on May 1, 2026 that the company and Lei Schlitz, Vice President and President, Global Products & Solutions, determined that Ms. Schlitz will leave the company.
The company said the departure is part of a planned transition made in connection with changes in the company's operating model that will result in a revised scope of the position Ms. Schlitz currently occupies.
Johnson Controls said Ms. Schlitz is expected to remain with the company through October 1, 2026.
The company said Ms. Schlitz's departure will entitle her to severance benefits as described under the company's Severance and Change in Control Policy for Officers, a copy of which is filed as Exhibit 10.6 to the company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Lei Schlitz to Leave Company
Johnson Controls said on May 1, 2026 that the company and Lei Schlitz, Vice President and President, Global Products & Solutions, determined that Ms. Schlitz will leave the company.
Source · Based on the filing body and exhibits
Departure Part of Planned Transition Tied to Operating Model Changes
The company said the departure is part of a planned transition made in connection with changes in the company's operating model that will result in a revised scope of the position Ms. Schlitz currently occupies.
Source · Based on the filing body and exhibits
Expected to Remain Through October 1, 2026
Johnson Controls said Ms. Schlitz is expected to remain with the company through October 1, 2026.
Source · Based on the filing body and exhibits
Entitled to Severance Benefits
The company said Ms. Schlitz's departure will entitle her to severance benefits as described under the company's Severance and Change in Control Policy for Officers, a copy of which is filed as Exhibit 10.6 to the company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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