On April 8, 2022, Otis Worldwide Corporation filed a definitive proxy statement soliciting proxies and urged the shareholders to vote against a shareholder proposal, requesting the board to take the steps necessary to amend the appropriate company governing documents to give all shareholders the right to be part of the 15% of shares that are currently required to call for a special shareholder meeting, submitted by John Chevedden at the Company's annual shareholders meeting scheduled to be held on May 19, 2022.