Otis Worldwide said its board approved an amendment and restatement of its Amended and Restated Bylaws on March 19, 2025, effective as of the same date.

1. 01

   Otis Worldwide said its board approved an amendment and restatement of its Amended and Restated Bylaws on March 19, 2025, effective as of the same date.

2. 02

   The company said it revised certain procedures and disclosure requirements for director nominations and stockholder proposals, and added a requirement that a stockholder seeking to nominate directors at an annual meeting deliver reasonable evidence of compliance with Rule 14a-19 (universal proxy rules).

3. 03

   Otis Worldwide said the bylaw amendments removed certain limitations on stockholders' ability to act by written consent.

4. 04

   The company said it removed the requirement for a director nominated by a stockholder to tender an irrevocable resignation in certain circumstances, and also included other clarifying and conforming changes.

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Original filing

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