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0000950123-10-091173.txt : 20101004 0000950123-10-091173.hdr.sgml : 20101004 20101004172242 ACCESSION NUMBER: 0000950123-10-091173 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100930 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101004 DATE AS OF CHANGE: 20101004 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Otter Tail Corp CENTRAL INDEX KEY: 0001466593 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 270383995 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53713 FILM NUMBER: 101106758 BUSINESS ADDRESS: STREET 1: 215 S CASCADE ST STREET 2: PO BOX 496 CITY: FERGUS FALLS STATE: MN ZIP: 56538-0496 BUSINESS PHONE: 866-410-8780 MAIL ADDRESS: STREET 1: 215 S CASCADE ST STREET 2: PO BOX 496 CITY: FERGUS FALLS STATE: MN ZIP: 56538-0496 FORMER COMPANY: FORMER CONFORMED NAME: Otter Tail Holding Co DATE OF NAME CHANGE: 20090618 8-K 1 c60573e8vk.htm FORM 8-K e8vk

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): September 30, 2010

OTTER TAIL CORPORATION

(Exact name of registrant as specified in its charter)


Minnesota (State or other jurisdiction of incorporation)		0-53713 (Commission File Number)		27-0383995 (I.R.S. Employer Identification No.)

215 South Cascade Street, P.O. Box 496, Fergus Falls, MN 56538-0496
(Address of principal executive offices, including zip code)

(866) 410-8780
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 5.02.		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Lauris Molbert notified Otter Tail Corporation (the “Company”) on September 30, 2010 that he is resigning from his position of Executive Vice President and Chief Operating Officer effective December 30, 2010. The Company expects that Mr. Molbert will remain active in the Company until the date of his resignation completing certain projects at the direction of John Erickson, Chief Executive Officer, and transitioning his duties to other members of the executive team.


Item 7.01.		Regulation FD Disclosure.

On October 4, 2010, the Company issued a press release announcing the matter disclosed in Item 5.02 above. A copy of the press release is furnished herewith as Exhibit 99.1.


Item 9.01.		Financial Statements and Exhibits.

(d) Exhibits.


Exhibit
Number		Description
	99.1	Press Release issued October 4, 2010.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



	By:	/s/ Kevin G. Moug
		Kevin G. Moug
		Chief Financial Officer

Date: October 4, 2010

EXHIBIT INDEX


Exhibit
Number		Description
	99.1	Press Release issued October 4, 2010.

EX-99.1 2 c60573exv99w1.htm EX-99.1 exv99w1

Exhibit 99.1

Otter Tail Corporation Chief Operating Officer Lauris Molbert Resigns
Molbert to help with three month transition period

October 4, 2010, Fargo, North Dakota — Otter Tail Corporation announced today that its Executive Vice President and Chief Operating Officer (COO) Lauris Molbert has resigned from the company, effective December 30, 2010. The company is evaluating plans to replace the COO role and its responsibilities. In the interim, Molbert’s duties will be shared by members of the executive and senior management team.

“Lauris has been an integral part of our diversification strategy, helping to build our corporation, and we are grateful for his many years of service,” said Otter Tail Corporation Chief Executive Officer John Erickson. “Lauris will be missed, and we wish him all the best.” Erickson also said he is pleased that Molbert will be staying on to complete projects, and help with an orderly transition of his duties. “We are fortunate to have talented people in our organization prepared to step in to key roles and who share a commitment to moving the company forward.”

“Otter Tail Corporation has been my business home for the last 15 years, and that made the decision to leave a difficult one,” said Molbert. “There is a great deal of ability and skill at the corporation, and in our twelve operating companies, and I believe that the work ethic and sincerity of these people will ensure the future success of the company. I am honored to have been a part of building this team.”

About The Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility, manufacturing, health services, food ingredient processing, and infrastructure businesses, which include plastics, construction, and transportation. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.