Otis amends bylaws to revise stockholder nomination procedures and written consent provisions

Otis Worldwide Corp

Board approved amended bylaws on March 19, 2025; effective same day.
Adds requirement for stockholder nominees to comply with SEC Rule 14a-19 universal proxy rules.
Removes prior limitations on stockholder ability to act by written consent.
Eliminates requirement for stockholder-nominated directors to submit irrevocable resignation.
Includes various clarifying and conforming changes to the bylaws.

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