OTTR - Otter Tail Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Otter Tail Corporation

215 South Cascade Street
PO Box 496
Fergus Falls, MN 56538
United States
866-410-8780
http://www.ottertail.com

SectorUtilities
IndustryUtilities - Diversified
Full Time Employees2,321

Key Executives

NameTitlePayExercisedYear Born
Mr. Charles S. MacFarlanePres, CEO & Director1.8MN/A1965
Mr. Kevin G. MougSr. VP & CFO874.09kN/A1960
Ms. Jennifer O. SmestadVP, Gen. Counsel & Corp. Sec.576.57kN/A1971
Mr. Timothy J. RogelstadSr. VP of Electric Platform595.98kN/A1967
Mr. John S. AbbottSr. VP of Manufacturing Platform & Pres of Varistar747.13kN/A1959
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc. markets. This segment generates electricity through coal, wind and hydro, and natural gas and oil sources. It serves approximately 130,000 residential, commercial, industrial, and other customers. Otter Tail Corporation's Manufacturing segment stamps, fabricates, welds, paints, and laser cuts metal components for use in the recreational vehicle, agricultural, oil and gas, lawn and garden, industrial equipment, health and fitness, and enclosure industries; manufactures and fabricates parts for off-road equipment, mining machinery, oil fields and offshore oil rigs, wind industry components, broadcast antennae, and farm equipment; and provides laser cutting services and stamping to weldments and assemblies for metal fabrication buyers and original equipment manufacturers. It also manufactures and sells thermoformed products for the horticulture industry; and clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts for customers in the medical and life sciences, industrial, recreation, and electronics industries. The company's Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage system, and other uses. This segment markets its products to wholesalers and distributors through independent sales representatives, company salespersons, and customer service representatives. The company was formerly known as Otter Tail Power Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.

Corporate Governance

Otter Tail Corporation’s ISS Governance QualityScore as of July 29, 2019 is 2. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 5; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.