Welcome to our dedicated page for Otter Tail SEC filings (Ticker: OTTR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Otter Tail Corporation filings document operating results, governance actions, capital structure, and material events for a diversified public company with an electric utility and manufacturing businesses. Form 8-K reports cover consolidated financial results, earnings guidance, executive appointments, annual meeting voting outcomes, and material agreements involving Otter Tail Power Company.
Proxy materials disclose board elections, executive compensation, auditor ratification, bylaw matters, and shareholder voting mechanics. Capital-structure disclosures include common shares registered on Nasdaq and utility financing arrangements such as senior unsecured notes, related covenants, and restrictions on indebtedness, liens, asset sales, affiliate transactions, and other corporate actions.
Otter Tail Corp director Christopher B. Clark received a grant of 1,900 shares of Common Stock as a restricted stock award under the 2023 Stock Incentive Plan. The grant, dated April 13, 2026, has a stated fair market value of $91.15.
The restricted shares will vest in near-equal installments of one-third per year, beginning on April 8, 2027, providing Clark with a long-term equity incentive. After this award, his total direct holdings listed in this filing are 1,900 shares, including shares acquired individually and through restricted stock distributions.
LeBeau Michael E reported acquisition or exercise transactions in this Form 4 filing.
Otter Tail Corp director Michael E. LeBeau reported an award of 1,500 shares of Common Stock. The shares are a grant of Restricted Stock under the 2023 Stock Incentive Plan at no cash cost to him.
The grant made on April 13, 2026 will vest in near-equal installments of one-third per year beginning April 8, 2027. After this award, LeBeau directly holds 9,300 shares in total, including prior Restricted Stock distributions and shares received under Otter Tail Corporation's Compensation Plan for Outside Directors.
PARTAIN NATHAN I reported acquisition or exercise transactions in this Form 4 filing.
Otter Tail Corp director Nathan I. Partain reported receiving a grant of 2,000 shares of Common Stock on April 13, 2026, classified as a grant or award rather than an open-market purchase. The shares are Restricted Stock issued under the 2023 Stock Incentive Plan and carry a stated fair market value of $91.15.
The Restricted Stock will vest in near-equal installments of one-third per year beginning April 8, 2027. After this award, Partain holds 10,969 shares directly, plus indirect holdings of 1,600 shares through an IRA and 67,561 shares through a trust.
Otter Tail Corp Chief Financial Officer Todd R. Wahlund exercised 460 restricted stock units into Common Stock. The shares were valued at $90.11 each for reporting purposes. To cover tax obligations, 186 shares of Common Stock were withheld, leaving a net increase of 274 shares in his direct holdings.
After these transactions, Wahlund directly owns 10,347 shares of Otter Tail Common Stock. He also has indirect ownership of 3,068 shares through an ESOP and 7 shares held by his spouse, and retains multiple tranches of unvested restricted stock units that each convert into one share when they vest.
Otter Tail Corp (OTTR) Schedule 13G/A amendment filed by The Vanguard Group reports 0 shares beneficially owned and 0% of the class. The filing states Vanguard completed an internal realignment on January 12, 2026 and certain subsidiaries will report disaggregated holdings per SEC Release No. 34-39538 (January 12, 1998).
The filing is signed by Ashley Grim on 03/27/2026 and indicates Vanguard and its managed accounts retain rights to dividends or proceeds for reported securities where applicable.
Otter Tail Power Company, a wholly owned subsidiary of Otter Tail Corporation, entered into a private note purchase agreement for $170,000,000 of senior unsecured notes. The deal includes $100,000,000 of 5.33% Series 2026A Notes due March 19, 2036 and $70,000,000 of 6.04% Series 2026B Notes due June 4, 2056.
The Series 2026A Notes were issued immediately, while the Series 2026B Notes are expected to be issued on June 4, 2026, subject to customary closing conditions. The agreement imposes covenants limiting mergers, asset sales, liens, guarantees, affiliate transactions, and sets financial tests capping interest-bearing debt at 65% of total capitalization and priority indebtedness at 20% of total capitalization.
The notes may be prepaid, generally with a make-whole amount, although specified dates near maturity allow prepayment at par without make-whole. A change of control triggers an offer to prepay at par plus accrued interest. The company plans to use proceeds for capital expenditures, debt refinancing, and general corporate purposes.
Otter Tail Corporation reported full-year 2025 earnings of $275,893,000, or $6.55 diluted earnings per share, and generated $385,985,000 of cash from operations. The company recorded a utility-sector leading return on equity of 16 and announced an indicated annual dividend of $2.31 per share after a 10 increase in early 2026.
The company plans significant Electric-segment investment with a $1.9B capital plan for 2026-2030, including solar projects (Solway $80M, 50 MW; Abercrombie ~$450M, 295 MW) and a 75 MW battery storage project (~$120M). Plastics produced strong earnings of $170,400,000 while Manufacturing earned $11,517,000. Shares outstanding were ~41.9 million.
Otter Tail Corporation is asking shareholders to vote at its virtual 2026 annual meeting on electing three directors, approving executive pay on an advisory basis, ratifying Deloitte & Touche as auditor, and adding an exclusive forum provision to its bylaws.
The company highlights strong 2025 performance, including diluted earnings per share of $6.55, revenue of $1.3 billion and net income of $276 million. It reports a 16% return on equity on a 63% equity layer and a five-year total shareholder return of 158% through September 30, 2025, the highest among Edison Electric Institute members.
Otter Tail notes 87 consecutive years of dividend payments in 2025, with a 2025 dividend of $2.10 per share and a 10% dividend increase leading to an indicated $2.31 per share. A five-year capital spending plan for 2026–2030 totals $2.0 billion, with $1.9 billion devoted to its Otter Tail Power utility. The proxy also emphasizes a largely independent board, separate chair and CEO roles, majority voting in uncontested director elections, stock ownership guidelines, clawback policies and a strong focus on risk oversight, human capital and cybersecurity.
Otter Tail Corporation filed a 10-K/A to amend its 2025 annual report solely to correct the date of Deloitte’s audit opinion from February 19, 2025 to February 18, 2026; no other information has been updated.
For 2025, Otter Tail reported total operating revenue of $1,304,058,000 versus $1,330,548,000 in 2024 and net income of $275,893,000 compared with $301,662,000 a year earlier. Diluted earnings per share were $6.55, down from $7.17. The Electric segment generated revenue of $566,756,000 and net income of $97,586,000, Manufacturing delivered revenue of $314,547,000 and net income of $11,517,000, and Plastics produced revenue of $422,755,000 with net income of $170,400,000.
Cash flow from operating activities was strong at $385,985,000, funding capital expenditures of $288,068,000. Year-end cash and cash equivalents were $386,193,000. Total assets reached $3,964,279,000, long-term debt (net of current maturities and issuance costs) was $963,566,000, and shareholders’ equity was $1,861,760,000.
Otter Tail Corporation is soliciting proxies for its virtual 2026 Annual Meeting on April 13, 2026 to elect three directors, hold a non-binding advisory vote on named executive officer compensation, ratify Deloitte & Touche as auditor, and approve an amendment to the Bylaws adding an exclusive forum provision.
The company reported 2025 results including $1.3 billion revenue, $276 million net income, diluted earnings per share of $6.55, a utility-sector return on equity of 16%, a five-year total shareholder return of 158% through September 30, 2025, and an indicated annual dividend increase to $2.31 per share.