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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Otis Worldwide Corp: Amended and restated bylaws to revise director nomination procedures, remove limitations on stockholder action by written consent, and remove irrevocable resignation requirement for stockholder-nominated directors (effective 2025-03-19).

Change: bylaw amendment
Effective: 2025-03-19

Exact text from the filing

On March 19, 2025, the Board of Directors (the “Board”) of Otis Worldwide Corporation (the “Company”) approved an amendment and restatement of the Company’s Amended and Restated Bylaws (as amended, the “Bylaws”), effective as of such date.

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Otis Worldwide Corp filing history →

Source: SEC EDGAR

accession 0001140361-25-010060

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