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): February 23, 2023

 
graphic
 
OTIS WORLDWIDE CORPORATION
(Exact name of registrant as specified in its charter)


Delaware
001-39221
83-3789412
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
One Carrier Place
Farmington, Connecticut 06032
(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:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
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:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock ($0.01 par value)
OTIS
New York Stock Exchange
0.000% Notes due 2023
OTIS/23
New York Stock Exchange
0.318% Notes due 2026
OTIS/26
New York Stock Exchange
0.934% Notes due 2031
OTIS/31
New York Stock Exchange

Section 5 - Corporate Governance and Management
 
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective March 1, 2023, Peiming (Perry) Zheng, a named executive officer of Otis Worldwide Corporation (the “Company”), will cease serving as President, Otis China. Mr. Zheng will continue to serve the Company as its Executive Vice President, Chief Product, Delivery and Customer Officer and will continue to serve as an executive officer.
 
Section 8 – Other Events

Item 8.01
Other Events.
 
Effective March 1, 2023, Sally Loh will be appointed as President, Otis China. Ms. Loh previously served as Chief Operating Officer, China and has 22 years of service with the Company. Ms. Loh has been appointed as an executive officer of the Company.
 
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.
 
OTIS WORLDWIDE CORPORATION

(Registrant)

 
Date: February 27, 2023
By:
 /s/ Toby Smith

 
Toby Smith

 
Vice President & Corporate Secretary