secwatch.observer — SEC 8-K summary
======================================

Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2022-06-27T23:59:59+00:00
Accession:  0001140361-22-024055
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otis appoints Anurag Maheshwari as CFO effective Aug 12, succeeding Rahul Ghai who resigned
--------------------------------------------------------------------------------

- Rahul Ghai resigns as EVP & CFO effective Aug 12, 2022 to join another company; no dispute with Otis.
- Anurag Maheshwari appointed EVP & CFO effective Aug 12; previously VP Finance, IT & Chief Transformation Officer for Otis Asia Pacific.
- Maheshwari base salary $725,000, STI target 100% of base, 2023 LTIP target at least $2.5 million.
- Ghai will assist transition; both Maheshwari and Ghai to join Q2 earnings call in late July.
- No family relationships or reportable transactions between Maheshwari and Otis directors or officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000114036122024055/0001140361-22-024055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000114036122024055/brhc10039083_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-024055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer