0000000000-19-014106.txt : 20200410
0000000000-19-014106.hdr.sgml : 20200410
20190930171318
ACCESSION NUMBER: 0000000000-19-014106
CONFORMED SUBMISSION TYPE: UPLOAD
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20190930
FILED FOR:
COMPANY DATA:
COMPANY CONFORMED NAME: Otis Worldwide Corp
CENTRAL INDEX KEY: 0001781335
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
IRS NUMBER: 833789412
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: UPLOAD
BUSINESS ADDRESS:
STREET 1: ONE CARRIER PLACE
CITY: FARMINGTON
STATE: CT
ZIP: 06032
BUSINESS PHONE: 8607286410
MAIL ADDRESS:
STREET 1: ONE CARRIER PLACE
CITY: FARMINGTON
STATE: CT
ZIP: 06032
LETTER
1
filename1.pdf
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2
filename2.txt
September 30, 2019
Judith F. Marks
President and Chief Executive Officer
Otis Worldwide Corporation
One Carrier Place
Farmington, CT 06032
Re: Otis Worldwide Corporation
Amendment No. 1 to
Draft Registration Statement on Form 10
Submitted September 16, 2019
CIK No. 0001781335
Dear Ms. Marks:
We have reviewed your September 16, 2019 response to our comment letter
and have the
following comments. In some of our comments, we may ask you to provide us with
information
so we may better understand your disclosure.
Please respond to these comments within ten business days by providing
the requested
information or advise us as soon as possible when you will respond. If you do
not believe our
comments apply to your facts and circumstances, please tell us why in your
response.
After reviewing your response to these comments, we may have additional
comments. Unless we note otherwise, our references to prior comments are to
comments in our
August 29, 2019 letter.
Amended Draft Registration Statement Submitted September 16, 2019
General
1. We note your risk factor disclosure that if the Court of Chancery of the
State of Delaware
dismisses an action for lack of jurisdiction, the action may be brought
in the federal court
for the District of Delaware. This is inconsistent with your disclosure
in the Description
of Otis Capital Stock that if no state court located within the State of
Delaware has
jurisdiction over a specified claim, the sole and exclusive forum for the
claim will be the
federal district court for the District of Delaware. Please reconcile
this disclosure and
clarify whether your exclusive forum provision requires a claim under the
Securities Act
or Exchange Act to be dismissed in state court prior to bringing the
claim in federal court.
If so, please explain why you believe this is consistent with Section 27
of the Exchange
Judith F. Marks
Otis Worldwide Corporation
September 30, 2019
Page 2
Act which creates exclusive federal jurisdiction over all suits
brought to enforce any duty
or liability created by the Exchange Act or the rules and regulations
thereunder.
You may contact Effie Simpson at 202-551-3346 or Claire Erlanger at
202-551-3301 if
you have questions regarding comments on the financial statements and related
matters. Please
contact John Stickel at 202-551-3324 or John Dana Brown at 202-551-3859 with
any other
questions.
FirstName LastNameJudith F. Marks Sincerely,
Comapany NameOtis Worldwide Corporation
Division of
Corporation Finance
September 30, 2019 Page 2 CF Office of
Manufacturing
FirstName LastName