Johnson Controls International plc 8-K
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Johnson Controls Announces Departure of VP Lei Schlitz
What Happened
Johnson Controls International plc (JCI) filed an 8-K (Item 5.02) reporting that on May 1, 2026 the company and Lei Schlitz, Vice President and President, Global Products & Solutions, agreed she will leave the company as part of a planned transition tied to changes in the company’s operating model and a revised scope for her role. Ms. Schlitz is expected to remain with JCI through October 1, 2026. The company said her departure will entitle her to severance benefits under JCI’s Severance and Change in Control Policy for Officers.
Key Details
- Determination date: May 1, 2026; 8-K filed May 4, 2026 (Item 5.02).
- Role: Lei Schlitz — Vice President and President, Global Products & Solutions.
- Last day expected: October 1, 2026.
- Severance: Eligible for benefits under the company’s Severance and Change in Control Policy for Officers (policy is Exhibit 10.6 to JCI’s Form 10‑K for fiscal year ended Sept. 30, 2025). The 8-K does not disclose the amount of any severance.
Why It Matters
This filing notifies investors of a senior executive departure and the planned transition timeline. The company confirmed eligibility for severance under its existing officer policy but did not provide dollar amounts or identify a successor. Investors tracking leadership changes, succession planning, or potential near-term cash impacts from executive severance should note the announced timeline and that further details (replacement or severance amounts) were not disclosed in this 8-K.
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