Otis Worldwide : Name of each exchange on which registered Common Stock ($0.01 par value)
April 29, 2021 at 06:41 am EDT
Share
Name of each exchange on which registered
Common Stock ($0.01 par value)
OTIS
New York Stock Exchange
Section 5-Corporate Governance and Management
Submission of Matters to a Vote of Security Holders.
Otis Worldwide Corporation ('Otis' or 'Company') held its 2021 Annual Meeting of Shareholders on April 27, 2021. As of March 3, 2021, the record date for the meeting, 429,779,560 shares of Otis common stock were issued and outstanding. A quorum of 362,000,909 shares of common stock was represented at the meeting.
Shareholders voted on the following matters, which are described in more detail in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 12, 2021, and cast their votes as described below:
1) The following individuals were elected to serve as directors for a term expiring at the 2022 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
323,428,082
4,047,007
274,798
34,251,022
Kathy Hopinkah Hannan
323,372,520
4,122,788
254,579
34,251,022
Shailesh G. Jejurikar
319,205,535
8,264,787
279,565
34,251,022
Christopher J. Kearney
324,752,211
2,725,394
272,282
34,251,022
Judith F. Marks
326,181,392
1,322,017
246,478
34,251,022
Harold W. McGraw III
320,603,270
6,862,903
283,714
34,251,022
Margaret M. V. Preston
321,132,109
6,371,504
246,274
34,251,022
Shelley Stewart, Jr.
323,086,013
4,401,034
262,840
34,251,022
John H. Walker
319,764,911
7,702,489
282,487
34,251,022
2) 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
287,450,626
39,472,107
827,154
34,251,022
3) A proposal that shareholders approve, on an advisory basis, the frequency of shareholders' votes on Otis' named executive officers' compensation. The proposal for an annual shareholder advisory vote was approved and the results of the voting are as follows:
Votes for One Year
Votes for Two Years
Votes for Three Years
Abstentions
Broker Non-Votes
322,047,272
348,911
4,697,453
656,251
34,251,022
The Company has considered these voting results and determined, consistent with the Board of Directors' recommendation, that an advisory vote regarding the compensation of the Company's named executive officers will be submitted to stockholders on an annual basis until the next required vote on frequency or until the Board of Directors otherwise determines that a different frequency is in the best interest of the Company's shareholders.
4) A proposal to appoint PricewaterhouseCoopers LLP, a firm of independent registered public accountants, to serve as Otis' Independent Auditor for 2021 until the next annual meeting in 2022. The proposal was approved and the voting results are as follows:
Votes For
Votes Against
Abstentions
353,222,277
8,535,372
243,260
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Otis Worldwide Corporation published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 10:40:00 UTC.
Otis Worldwide Corporation is one of the world's leading manufacturers, installers and maintainers of lifting systems. The group provides elevators, escalators and conveyors to residential buildings, shopping centers, public transportation facilities, hotels, hospitals and industrial buildings. Net sales break down by activity as follows:
- maintenance and repair services (59.1%);
- sale of elevation systems (40,9%).
Net sales are distributed geographically as follows: the United States (28.4%), China (17.2%) and other (54.4%).