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AI brief of an SEC Form 8-K · Otis Worldwide (OTIS)

Otis CEO Judy Marks to retire; successor search underway, expected first half 2027

Neutral Impact 4 of 5 leadership Written later

Otis Worldwide said Chair, CEO and President Judith F. Marks will retire, effective on the earlier of her successor starting as CEO, expected in the first half of 2027, or July 31, 2027. A Board succession committee chaired by Christopher J. Kearney is searching internal and external candidates with Spencer Stuart, and the filing reports no financial results or guidance changes.

Key points

  • Judith F. Marks will resign from the Board on the Transition Date and from all other Company positions.
  • Transition Date is the earlier of her successor's start as CEO (expected first half of 2027) or July 31, 2027.
  • If the Transition Date falls before July 31, 2027, Marks serves as a non-employee senior advisor through that date with no cash compensation.
  • Her equity awards keep vesting during the advisory period, and she remains eligible for her 2026 annual bonus based on actual performance.

The filing

CompanyOtis Worldwide (OTIS)
Form8-K, current report
Filed with the SECSep 15, 2026, 8:16 AM ET
Accession number0001140361-26-036566

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 15, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.