CLARENCE OTIS, JR.

Corporate Board Profile

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MFS CHARTER INCOME TRUST

Filing Date Source Excerpt
2017-08-24 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2018-08-23 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2019-08-22 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2021-08-27 Mr. Otis was Chairman and CEO of Darden Restaurants and director of several corporations.
2022-08-26 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2023-08-30 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2024-08-23 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.

MFS GOVERNMENT MARKETS INCOME TRUST

Filing Date Source Excerpt
2017-08-24 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2018-08-23 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2019-08-22 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2020-08-20 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world's largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2021-08-27 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2022-08-26 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc.
2023-08-30 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2024-08-23 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.

MFS HIGH INCOME MUNICIPAL TRUST

Filing Date Source Excerpt
2017-08-24 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies.
2018-08-23 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2019-08-22 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2021-08-27 Mr. Otis was the Chairman and CEO of Darden Restaurants, Inc., and is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies.
2022-08-26 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2023-08-30 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2024-08-23 Clarence Otis, Jr. has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc.

MFS HIGH YIELD MUNICIPAL TRUST

Filing Date Source Excerpt
2017-08-24 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc.
2018-08-23 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2019-08-22 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2021-08-27 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies.
2022-08-26 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2023-08-30 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2024-08-23 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies.

MFS INTERMEDIATE HIGH INCOME FUND

Filing Date Source Excerpt
2017-08-24 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2018-08-23 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2019-08-22 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2021-08-27 Mr. Otis was Chairman and CEO of Darden Restaurants and director of several corporations.
2022-08-26 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2023-08-30 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2024-08-23 Clarence Otis, Jr. has substantial executive, financial, and board experience ... He was the Chairman and CEO of Darden Restaurants, Inc.

MFS INTERMEDIATE INCOME TRUST

Filing Date Source Excerpt
2017-08-24 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2018-08-23 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2019-08-22 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies.
2021-08-27 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2022-08-26 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc.
2023-08-30 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2024-08-23 Clarence Otis, Jr. has substantial executive, financial, and board experience... He was the Chairman and Chief Executive Officer of Darden Restaurants, Inc.

MFS INVESTMENT GRADE MUNICIPAL TRUST

Filing Date Source Excerpt
2017-08-24 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc.
2018-08-23 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2019-08-22 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2021-08-27 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies.
2022-08-26 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies.
2023-08-30 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2024-08-23 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies.

MFS MULTIMARKET INCOME TRUST

Filing Date Source Excerpt
2017-08-24 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2018-08-23 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2019-08-22 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies.
2021-08-27 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2022-08-26 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
2023-08-30 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2024-08-23 Clarence Otis, Jr. has substantial executive, financial, and board experience... He was the Chairman and Chief Executive Officer of Darden Restaurants, Inc.

MFS MUNICIPAL INCOME TRUST

Filing Date Source Excerpt
2017-08-24 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2018-08-23 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2019-08-22 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies.
2021-08-27 Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.
2022-08-26 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company.
2023-08-30 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies.
2024-08-23 Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants, Inc., the world’s largest full-service restaurant company, and where he previously served in other senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President. Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies. He is a former director of the Federal Reserve Bank of Atlanta.

VERIZON COMMUNICATIONS INC

Filing Date Source Excerpt
2023-03-27 Clarence Otis, Jr. Lead Director Independent Director since: 2006 Age: 66 Committees: Audit Finance Human Resources Non-employee Director compensation in 2022 Clarence Otis, Jr. 195,000 Fees earned or paid in cash 175,000 Stock awards 0 Option awards 0 Non-equity incentive plan compensation 0 Change in pension value and nonqualified deferred compensation earnings 0 All other compensation 0 Total 370,000
2024-03-25 Clarence Otis, Jr. (Lead Director) Independent Director since: 2006 Age: 67 Committees: Audit Finance Human Resources Non-employee Director compensation in 2023 Clarence Otis, Jr.** Fees earned or paid in cash: 200,000 Stock awards: 210,000 Total: 410,000
2025-04-07 Clarence Otis, Jr. Independent Director since: 2006 Age: 68 Committees: Audit Finance Human Resources ... Non-employee Director compensation in 2024 ... Clarence Otis, Jr. 200,000 Fees earned or paid in cash, 210,000 Stock awards, Total 410,000

V F CORP

Filing Date Source Excerpt
2016-03-24 Clarence Otis, Jr., 59, Director Since 2004, Retired; Former Chairman and Chief Executive Officer, Darden Restaurants, Inc., Committees: Member of Executive, Audit, Nominating and Governance, 2015 compensation total $243,880.
2017-03-16 Clarence Otis, Jr., Age 60, Director Since 2004, Retired; Former Chairman and Chief Executive Officer, Darden Restaurants, Inc., Committees: Executive, Audit, Nominating and Governance, 2016 Compensation: $235,010
2018-03-14 Clarence Otis, Jr. 61 2004 Retired; Former Chairman and Chief Executive Officer, Darden Restaurants, Inc. Chair Member $263,010
2019-06-06 Clarence Otis, Jr., Age: 62, Director Since: 2004, Committees: Executive, Audit (Chair), Nominating and Governance, Compensation: $197,504 in 2019
2020-06-12 Clarence Otis, Jr., 63, Director Since: 2004, Committees: Executive, Audit (Chair), Governance and Corporate Responsibility, Total Compensation: $280,827
2021-06-11 Clarence Otis, Jr. Age: 64 Director Since: 2004 Committees: Audit (Chair) Executive Governance and Corporate Responsibility FISCAL 2021 INDEPENDENT DIRECTOR COMPENSATION Clarence Otis, Jr. 76,140 85,004 84,944 -0- 246,088
2022-06-13 Clarence Otis, Jr., 65, Director Since: 2004, Committees: Audit (Chair), Executive, Governance and Corporate Responsibility, Fiscal 2022 Independent Director Compensation: $290,197
2023-06-12 Retired; Former Chairman and Chief Executive Officer, Darden Restaurants, Inc.
2024-06-11 Clarence Otis, Jr. Age: 68 Role: Retired; Former Chairman and Chief Executive Officer, Darden Restaurants, Inc. Committees: Audit, Talent and Compensation Fiscal 2024 Independent Director Compensation Total: $282,826

Data sourced from SEC filings. Last updated: 2025-08-30