Otis Worldwide (OTIS) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order at 9:01 A.M. on May 27, 2026, with a virtual format to increase inclusivity and reach.

• Board members, executive team, independent auditor, and inspector of election introduced.

• Record date set as March 30, 2026, with 385,710,610 shares outstanding and entitled to vote.

• Quorum established with approximately 89% of voting power represented.

Shareholder proposals

• Four proposals presented: election of directors, advisory vote on executive compensation, appointment of independent auditor, and a shareholder proposal on political spending transparency.

• Shareholder proposal requested annual reporting on political contributions and greater transparency, citing reputational and financial risks.

• Proposal highlighted Otis's low score on the CPA-Zicklin Index and lack of improvement in political disclosure.

• Board recommended voting against the shareholder proposal.

Overview of voting outcomes

• All board nominees elected with at least 95.96% approval.

• Executive compensation approved by 93.59% of votes.

• Appointment of PricewaterhouseCoopers as auditor approved by 99.78% of votes.

• Shareholder proposal on political spending transparency rejected by 53.93% of votes.