Item 5.07. Submission of Matters to a Vote of Security Holders.Otis Worldwide Corporation ("Otis" or "Company") held its 2021 Annual Meeting of Shareholders onApril 27, 2021 . As ofMarch 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 theSecurities and Exchange Commission onMarch 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
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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 appointPricewaterhouseCoopers 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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