secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0001781335-25-000024
Event type: other_material
Sentiment:  negative
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Otis shareholders reject advisory vote on executive compensation at 2025 annual meeting
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- Say-on-pay proposal failed: 131M for, 202M against, 1M abstentions.
- All 11 director nominees elected; closest vote: Shailesh Jejurikar with 23.5M votes against.
- Shareholder proposal on political contributions reporting also defeated (133M for, 199M against).
- PricewaterhouseCoopers ratified as independent auditor for 2025 with 357M votes for.
- Over 358M shares represented (90.5% of 395.6M outstanding); quorum present.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133525000024/0001781335-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133525000024/otis-20250515.htm
  HTML page:      https://secwatch.observer/filing/0001781335-25-000024

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