01—Abstract
Summary
Summary of the 8-K filed May 29, 2026. Cited figures are marked; the original filing is the authoritative source.
Otis Worldwide Corporation filed this Current Report on Form 8-K under Item 5.07 to report the voting results of its 2026 Annual Meeting of Shareholders, held May 27, 2026.
As of the March 30, 2026 record date, 385,710,610 shares of common stock were issued and outstanding, and a quorum of 345,588,993 shares was represented at the meeting. Shareholders elected all ten director nominees for terms expiring at the 2027 Annual Meeting. Shareholders also approved, on an advisory basis, the compensation of the named executive officers, with 300,604,166 votes for and 19,385,429 against.
They ratified PricewaterhouseCoopers LLP as independent auditor for 2026, with 344,841,469 votes for and 450,913 against. A shareholder proposal on reporting political contributions and expenditures was not approved, receiving 145,402,369 votes for and 173,399,850 against. The matters are described in more detail in the company's Definitive Proxy Statement on Schedule 14A filed April 17, 2026.
02—Key points
Key Highlights
- Annual Meeting held May 27, 2026, with a quorum of 345,588,993 shares present out of 385,710,610 shares outstanding as of the March 30, 2026 record date
- All ten director nominees were elected for terms expiring at the 2027 Annual Meeting; Judith F. Marks received the most votes against (12,890,163) and Nelda J. Connors received 10,423,191 against
- Advisory say-on-pay proposal approved, with 300,604,166 votes for and 19,385,429 against
- PricewaterhouseCoopers LLP ratified as independent registered public accountants for 2026, with 344,841,469 votes for and 450,913 against
- Shareholder proposal on reporting political contributions and expenditures was not approved, with 145,402,369 votes for and 173,399,850 against
- Broker non-votes of 24,396,658 were recorded on the director elections, say-on-pay, and political contributions proposals
- Common stock trades on the NYSE under OTIS, and the filing also lists 0.318% Notes due 2026, 2.875% Notes due 2027, and 0.934% Notes due 2031
03—Questions
Frequently Asked Questions
When and where was the 2026 Annual Meeting of Shareholders held?
The filing states that Otis held its 2026 Annual Meeting of Shareholders on May 27, 2026. The filing does not specify a location.
Did shareholders approve the executive compensation proposal?
Yes. The advisory proposal on named executive officer compensation was approved, with 300,604,166 votes for, 19,385,429 against, 1,202,740 abstentions, and 24,396,658 broker non-votes.
Who was appointed as Otis's independent auditor for 2026?
Shareholders approved PricewaterhouseCoopers LLP to serve as Otis's independent auditor for 2026 until the next annual meeting in 2027, with 344,841,469 votes for, 450,913 against, and 296,611 abstentions.
Was the shareholder proposal on political contributions approved?
No. The proposal regarding reporting on political contributions and expenditures was not approved, receiving 145,402,369 votes for, 173,399,850 against, 2,390,116 abstentions, and 24,396,658 broker non-votes.
Where can investors find more detail on the meeting matters?
The filing states that the matters voted on are described in more detail in the Company's Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 17, 2026.
04—Continue