Otis 2023 annual meeting: all director nominees elected; say-on-pay approved

Otis Worldwide Corp

All 10 director nominees elected with >319M votes each; Judith F. Marks received 319,242,998 votes for, 16,048,113 against.
Advisory say-on-pay passed with 293,808,739 votes for (86.8% of votes cast).
PricewaterhouseCoopers ratified as auditor for 2023 with 363,036,184 votes for.
Shareholder proposal for independent board chairman failed with 131,695,929 for vs 206,510,599 against.
Broker non-votes of 26,402,400 on director elections and non-routine items.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Otis Worldwide Corp shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent auditor for 2023 at the 2023-05-18 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-18

Exact text from the filing

A proposal to appoint PricewaterhouseCoopers LLP, a firm of independent registered public accountants, to serve as Otis’ Independent Auditor for 2023 until the next annual meeting in 2024. The proposal was approved and the voting results are as follows: Votes For Votes Against Abstentions 363,036,184 1,222,103 1,026,004

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Otis Worldwide Corp shareholders approved Advisory vote to approve the compensation of Otis’ named executive officers at the 2023-05-18 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-18

Exact text from the filing

A proposal that shareholders approve, on an advisory basis, the compensation of Otis’ named executive officers. The proposal was approved and the voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 293,808,739 43,745,146 1,328,006 26,402,400

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Otis Worldwide Corp shareholders approved Election of Directors at the 2023-05-18 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-18

Exact text from the filing

The following individuals were elected to serve as directors for a term expiring at the 2024 Annual Meeting of Shareholders or upon the election and qualification of their successors. The voting results for each nominee are as follows: Nominee Votes For Votes Against Abstentions Broker Non-Votes Jeffrey H. Black 336,952,500 1,665,914 263,477 26,402,400 Nelda J. Connors 335,424,247 3,201,086 256,558 26,402,400 Kathy Hopinkah Hannan 328,953,732 9,673,661 254,498 26,402,400 Shailesh G. Jejurikar 330,725,864 7,890,016 266,011 26,402,400 Christopher J. Kearney 336,152,727 2,465,842 263,322 26,402,400 Judith F. Marks 319,242,998 16,048,113 3,590,780 26,402,400 Harold W. McGraw III 335,546,193 3,068,929 266,769 26,402,400 Margaret M. V. Preston 332,466,216 6,158,948 256,727 26,402,400 Shelley Stewart, Jr. 336,918,259 1,706,091 257,541 26,402,400 John H. Walker 336,106,113 2,503,589 272,189 26,402,400

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Otis Worldwide Corp shareholders rejected Independent Board Chairman shareholder proposal at the 2023-05-18 meeting.

Outcome: failed
Meeting: 2023-05-18

Exact text from the filing

A proposal for an Independent Board Chairman, if properly presented. The proposal was not approved and the voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 131,695,929 206,510,599 675,363 26,402,400

View on SEC.gov

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Otis Worldwide Corp filing history →

Source: SEC EDGAR

accession 0001781335-23-000021

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