Otis Worldwide Corp. Files 8-K on Shareholder Matters
Ticker: OTIS · Form: 8-K · Filed: May 20, 2024 · CIK: 1781335
Sentiment: neutral
Topics: corporate-governance, shareholder-matters
TL;DR
Otis Worldwide Corp. filed an 8-K on May 20th regarding shareholder votes from May 16th.
AI Summary
Otis Worldwide Corp. filed an 8-K on May 20, 2024, reporting on matters submitted to a vote of security holders as of May 16, 2024. The filing indicates the company's fiscal year ends on December 31st and provides its principal executive office address in Farmington, Connecticut.
Why It Matters
This filing provides an update on corporate governance and shareholder engagement, which can be important for investors assessing the company's management and decision-making processes.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate actions and does not appear to contain significant new financial or operational risks.
Key Players & Entities
- Otis Worldwide Corp. (company) — Registrant
- May 16, 2024 (date) — Earliest event reported
- May 20, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- Farmington, Connecticut (location) — Principal executive offices
FAQ
What specific matters were submitted to a vote of Otis Worldwide Corp. security holders?
The filing states that the report concerns 'Submission of Matters to a Vote of Security Holders' but does not detail the specific matters voted upon in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 16, 2024.
What is the fiscal year end for Otis Worldwide Corp.?
The fiscal year end for Otis Worldwide Corp. is December 31st.
Where are Otis Worldwide Corp.'s principal executive offices located?
Otis Worldwide Corp.'s principal executive offices are located at One Carrier Place, Farmington, Connecticut, 06032.
What is the SEC file number for Otis Worldwide Corp.?
The SEC file number for Otis Worldwide Corp. is 001-39221.
Filing Stats: 734 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-05-20 16:06:20
Key Financial Figures
- $0.01 — ange on which registered Common Stock ($0.01 par value) OTIS New York Stock Exchange
Filing Documents
- otis-20240516.htm (8-K) — 51KB
- otis-20240516_g1.jpg (GRAPHIC) — 4KB
- 0001781335-24-000026.txt ( ) — 228KB
- otis-20240516.xsd (EX-101.SCH) — 3KB
- otis-20240516_def.xml (EX-101.DEF) — 16KB
- otis-20240516_lab.xml (EX-101.LAB) — 28KB
- otis-20240516_pre.xml (EX-101.PRE) — 16KB
- otis-20240516_htm.xml (XML) — 5KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. Otis Worldwide Corporation ("Otis" or "Company") held its 2024 Annual Meeting of Shareholders on May 16, 2024. As of March 18, 2024, the record date for the meeting, 404,180,723 shares of Otis common stock were issued and outstanding. A quorum of 359,019,252 shares of common stock was represented at the meeting. Shareholders voted on the following matters, which are described in more detail in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 5, 2024, and cast their votes as described below: 1) The following individuals were elected to serve as directors for a term expiring at the 2025 Annual Meeting of Shareholders or upon the election and qualification of their successors. The voting results for each nominee are as follows: Nominee Votes For Votes Against Abstentions Broker Non-Votes Thomas A. Bartlett 333,090,754 473,797 310,303 25,144,398 Jeffrey H. Black 330,777,239 2,791,606 306,009 25,144,398 Jill C. Brannon 333,077,525 500,451 296,878 25,144,398 Nelda J. Connors 332,526,902 1,037,581 310,371 25,144,398 Kathy Hopinkah Hannan 332,956,624 614,894 303,336 25,144,398 Shailesh G. Jejurikar 327,025,626 6,525,314 323,914 25,144,398 Christopher J. Kearney 332,990,901 572,067 311,886 25,144,398 Judith F. Marks 311,680,196 18,395,045 3,799,613 25,144,398 Margaret M. V. Preston 331,294,140 2,287,992 292,722 25,144,398 Shelley Stewart, Jr. 332,808,617 750,262 315,975 25,144,398 John H. Walker 333,022,940 538,070 313,844 25,144,398 2) A proposal that shareholders approve, on an advisory basis, the compensation of Otis' named executive officers. The proposal was approved and the voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 295,869,858 36,552,568 1,452,428 25,144,398 3) A proposal to appoint PricewaterhouseCoopers LLP, a firm of independent registered public accountants, to serve as
SIGNATURES
SIGNATURES 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. OTIS WORLDWIDE CORPORATION (Registrant) Date: May 20, 2024 By: /s/ T OBY S MITH Toby Smith Senior Vice President, Corporate Secretary