secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0001140361-24-033538
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otis CFO Anurag Maheshwari resigns; Cristina Méndez appointed as successor effective Aug 23, 2024
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- Anurag Maheshwari resigns as EVP & CFO effective Aug 23, 2024 to pursue external opportunity; no dispute with company.
- Board appoints Cristina Méndez as EVP & CFO effective same date; she currently is SVP Finance EMEA & Transformation.
- Méndez receives base salary increase to $770,000, STI target 100% of base, and supplemental LTI award of $2,390,000.
- Méndez to relocate to US on expatriate assignment with customary benefits; current employment agreement to be amended.
- Otis plans to release Q2 earnings on July 24; both Maheshwari and Méndez will join the earnings call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000114036124033538/0001140361-24-033538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000114036124033538/ef20032686_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-033538

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