Otis Worldwide Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$OTIS
Consumer Electronics/Appliances
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 26, 2025 (August 24, 2025 )
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code
(860 ) 674-3000
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(b)
Director Resignation
On August 24, 2025, Shailesh Jejurikar, a member of the Board of Directors (the “Board”)
of Otis Worldwide Corporation (the “Company”) and Chair of the Compensation Committee, notified the Company that he will resign from the Board effective September 9, 2025. Mr. Jejurikar’s decision to
resign from the Board was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On August 26, 2025, the Board decreased the size of the Board from eleven (11) directors to ten (10) directors, effective September 9, 2025.
New Committee Assignments
As a result of Mr. Jejurikar’s resignation, the Board approved changes to the composition of certain of the Board’s committees. Effective immediately, Kathy Hopinkah Hannan
rotated off of the Audit Committee and Nominations and Governance Committee, and replaced Mr. Jejurikar as Chair of the Compensation Committee. Except as described in this Item 5.02, all other Board committee assignments remained unchanged.
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Financial Statements and Exhibits.
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(d) Exhibits.
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Exhibit
Number
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Exhibit Description
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104
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Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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OTIS WORLDWIDE CORPORATION
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(Registrant)
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Date: August 26, 2025
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By:
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/s/ Toby Smith
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Name: Toby Smith
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Title: Senior Vice President, Corporate Secretary
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