Otis Worldwide Corp (OTIS) Form 8-K — Sep 15, 2026
$OTISForm 8-KItems 5.02, 7.01, 9.01Filed Sep 15, 2026, 8:16 AM ET0001140361-26-036566Original filing
Otis Worldwide Corporation announced on September 15, 2026 that Judy Marks will retire as Chair, Chief Executive Officer and President upon the appointment of her successor, expected in the first half of 2027, with a hard stop of July 31, 2027. The Board is running a comprehensive CEO search with the support of executive search firm Spencer Stuart, overseen by a succession committee chaired by Independent Lead Director Christopher J. Kearney, and will consider both internal and external candidates.
Key figures
- Workforce
- 72,000
- Dividends Paid
- $3.4 billion
- Share Buybacks
- $5 billion
- Countries Served
- more than 200
- Daily Passengers
- 2.5 billion
- Field Professionals
- 45,000
- Transition Deadline
- July 31, 2027
- Service Portfolio Units
- approximately 2.5 million units
- Expected Successor Start
- first half of 2027
- Service Portfolio Growth
- about 25%
- Total Shareholder Return
- 77%
- Capital Returned Since Standalone
- $8.4 billion
- Transition Legal Fee Reimbursement Cap
- $25,000
AI analysis
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