Washington, D.C. 20549


Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 24, 2022

(Exact name of registrant as specified in its charter)

(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
(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
Name of each exchange on which registered
Common Stock ($0.01 par value)
New York Stock Exchange
0.000% Notes due 2023
New York Stock Exchange
0.318% Notes due 2026
New York Stock Exchange
0.934% Notes due 2031
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.
(d)   On October 24, 2022, the Board of Directors (the “Board”) of Otis Worldwide Corporation (the “Company”) appointed Nelda J. Connors as a director of the Company, effective October 28, 2022, with a term expiring at the 2023 Annual Meeting of Shareowners.  In connection with the appointment of Ms. Connors, the Board increased its size from 9 to 10 directors. The Board has appointed Ms. Connors to the Audit Committee and the Compensation Committee, effective October 28, 2022.
The Board has determined that Ms. Connors qualifies as an independent director under the New York Stock Exchange listing standards and the Company's Director Independence Policy.
Ms. Connors will participate in the compensation program for non-employee directors as described in Exhibits 10.10 and 10.27 to Otis Annual Report on Form 10-K (Commission file number 001-39221) for the fiscal year ended December 31, 2021.
The appointment of Ms. Connors was not pursuant to any arrangement or understanding between Ms. Connors and any third party. As of the date of this report, neither Ms. Connors, nor any of her immediate family members, is a party, either directly or indirectly, to any transaction that is required to be reported pursuant to Item 404(a) of Regulation S-K.
A copy of the Company’s press release announcing the appointment of Ms. Connor is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference. References to Internet websites and social media sites in the press release are provided for convenience only. Information available through these websites and social media sites is not incorporated by reference into this Form 8-K.
Section 9—Financial Statements and Exhibits
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.

Exhibit Description
Press Release, dated October 24, 2022, issued by Otis Worldwide Corporation.
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

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.

Date:  October 24, 2022
  /S/ Toby Smith   
Toby Smith
Vice President & Corporate Secretary

Exhibit 99.1

Nelda Connors Appointed to Otis Worldwide Board of Directors

FARMINGTON, Conn., Oct. 24, 2022 – Otis Worldwide (NYSE: OTIS), the world’s leading company for elevator and escalator manufacturing, installation and service, has appointed Nelda Connors to its Board of Directors, effective October 28, 2022.

“We are pleased to welcome Nelda to the Otis Worldwide Board of Directors,” said Judy Marks, Otis Chair, CEO & President. “Nelda’s leadership experience and expertise, especially in industrial and technology sectors, make her a valuable addition to our Board. I look forward to working with Nelda as we build a taller, faster, smarter world.”

Connors has held executive and management roles in diversified industrial and automotive sectors, including President and Chief Executive Officer of Atkore International Inc., formerly the Electrical and Metal Products division of Tyco International, and Vice President at Eaton Corporation, where she held several positions in operations, continuous improvement and general management.

Connors currently serves as the CEO of Pine Grove Holdings, a woman- and minority-owned, privately held investment company she founded that acquires and operates small-to-middle market businesses primarily focused in power generation, software as a service, advanced material and specialty logistics and transportation.

“It’s an honor to join Otis, a world-renowned company that touches the lives of billions every day,” said Connors. “I look forward to working with the Board to oversee Otis’ long-term strategy and help the company deliver value for all stakeholders.”

Connors currently also serves on the Boards of Directors for Boston Scientific, Baker Hughes and Zebra Technologies. She earned bachelor’s and master’s degrees in mechanical engineering from the University of Dayton.

She has been named to the Forbes 50 over 50 for Investment, Inc.’s Most Influential Corporate Directors, Savoy’s Power 300 Most Influential Black Corporate Directors and Black Enterprise’s Top 75 Powerful Women in Business.

With the addition of Connors, the Otis Board now has 10 directors. She will join the Board’s Audit and Compensation Committees.

Otis values diversity across multiple dimensions in its workplace – including gender, race, ethnicity, sexual orientation, background, perspective and experience – and similarly its Board seeks candidates who enhance Board diversity. With Connors, six of the 10 members of the Board are women, racially/ethnically diverse or both.

To learn more about Otis and its Board of Directors, visit www.otis.com.

About Otis
Otis is the world’s leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain more than 2.1 million customer units worldwide, the industry’s largest Service portfolio. Headquartered in Connecticut, USA, Otis is 68,000 people strong, including 41,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. For more information, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.