CLARENCE OTIS, JR.

Corporate Board Profile

Tech Score: 0/100

← Back to All Directors

MFS CHARTER INCOME TRUST

Filing Date Source Excerpt
2017-08-24 Clarence Otis, Jr. (age 61) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2018-08-23 Clarence Otis, Jr. (age 62) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2019-08-22 Clarence Otis, Jr. (Age 63) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014); Audit Committee, Compliance Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee; Total Trustee Compensation Paid by Trust and Fund Complex $357,469
2020-08-20 Clarence Otis, Jr. (Age 64) Trustee March 2017 2021 Former CEO of Darden Restaurants, Inc. Committees: Audit Committee, Compliance Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee. Total Trustee Compensation Paid by Trust and Fund Complex: $385,809.
2021-08-27 Clarence Otis, Jr. (age 65) Trustee since March 2017, Private investor, member of Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee
2022-08-26 Clarence Otis, Jr. (age 66) Trustee March 2017 2024 Private investor Audit Committee Nomination and Compensation Committee Compliance Committee Portfolio Trading and Marketing Review Committee Total Trustee Compensation Paid by Trust and Fund Complex $407,500
2023-08-30 Clarence Otis, Jr. (age 67) Trustee March 2017 2024 Private investor
2024-08-23 Clarence Otis, Jr. (age 68) Trustee March 2017 2024 Private investor Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee

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.
2020-08-20 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, 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.

MFS HIGH INCOME MUNICIPAL TRUST

Filing Date Source Excerpt
2017-08-24 Clarence Otis, Jr. (age 61) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2018-08-23 Clarence Otis, Jr. (age 62) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014) Committees: Audit Committee, Pricing Committee Total Trustee Compensation Paid by Trust and Fund Complex: $315,823
2019-08-22 Clarence Otis, Jr. (Age 63) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2020-08-20 Clarence Otis, Jr. (Age 64) Trustee March 2017 2021 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.
2021-08-27 Clarence Otis, Jr. (age 65) Trustee March 2017 Private investor. Committees: Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee. Trustee Compensation Table shows total compensation of $399,311.
2022-08-26 Clarence Otis, Jr. (age 66) Trustee March 2017 2024 Former Chairman and CEO of Darden Restaurants, Inc. Committees: Audit, Compliance, Contracts Review, Nomination and Compensation, Portfolio Trading and Marketing Review, Services Contracts; Total Trustee Compensation Paid: $407,500
2023-08-30 Clarence Otis, Jr. (age 67) Trustee. Independent Trustee. Committees: Audit Committee, Compliance Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee. Compensation: $424,000 total trustee compensation paid by Trust and MFS Fund Complex.
2024-08-23 Clarence Otis, Jr. (age 68) Trustee March 2017 2024 Private investor Committees: Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee. Total Trustee Compensation Paid by Trust and MFS Fund Complex: $445,000.

MFS HIGH YIELD MUNICIPAL TRUST

Filing Date Source Excerpt
2017-08-24 Clarence Otis, Jr. (age 61) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2018-08-23 Clarence Otis, Jr. (age 62) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2019-08-22 Clarence Otis, Jr. (Age 63) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014); Audit Committee, Compliance Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee; Total Trustee Compensation Paid by Trust and Fund Complex $357,469
2020-08-20 Clarence Otis, Jr. (Age 64) Trustee March 2017 2021 Former CEO of Darden Restaurants, Inc. Committees: Audit Committee, Compliance Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee. Total Trustee Compensation Paid by Trust and Fund Complex: $385,809.
2021-08-27 Clarence Otis, Jr. (age 65) Trustee March 2017 Private investor
2022-08-26 Clarence Otis, Jr. (age 66) Trustee March 2017 Former Chairman and CEO of Darden Restaurants, Inc. Audit Committee, Compliance Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee. Total Trustee Compensation Paid by Trust and Fund Complex: $407,500.
2023-08-30 Clarence Otis, Jr. (age 67) Trustee Private investor
2024-08-23 Clarence Otis, Jr. (age 68) Trustee March 2017 Private investor Committees: Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee

MFS INTERMEDIATE HIGH INCOME FUND

Filing Date Source Excerpt
2017-08-24 Clarence Otis, Jr. (age 61) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2018-08-23 Clarence Otis, Jr. (age 62) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2019-08-22 Clarence Otis, Jr. (Age 63) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2020-08-20 Clarence Otis, Jr. (Age 64) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014); Audit Committee, Compliance Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee member; Compensation $385,809
2021-08-27 Clarence Otis, Jr. (age 65) Trustee Independent Trustee. Mr. Otis has substantial executive, financial, and board experience at publicly-traded and privately-held companies. The Audit Committee consists only of Independent Trustees including Otis. The Nomination and Compensation Committee consists only of Independent Trustees including Otis. The Contracts Review Committee and Portfolio Trading and Marketing Review Committee consist of all Independent Trustees including Otis.
2022-08-26 Clarence Otis, Jr. (age 66) Trustee since March 2017; Private investor; former Chairman and CEO of Darden Restaurants; director of VF Corporation, Verizon Communications, and The Travelers Companies.
2023-08-30 Clarence Otis, Jr. (age 67) Trustee March 2017 2024 Private investor
2024-08-23 Clarence Otis, Jr. (age 68) Trustee March 2017 2024 Private investor Committees: Audit Committee, Services Contracts Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee Total Trustee Compensation Paid by Trust and MFS Fund Complex: $445,000

MFS INTERMEDIATE INCOME TRUST

Filing Date Source Excerpt
2017-08-24 Clarence Otis, Jr. (age 61) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2018-08-23 Clarence Otis, Jr. (age 62) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2019-08-22 Clarence Otis, Jr. (Age 63) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014) Interested Trustees receive no compensation from any Trust for their services as Trustees.
2020-08-20 Clarence Otis, Jr. (Age 64) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014). Committees: Audit Committee, Compliance Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee. Total Trustee Compensation Paid by Trust and Fund Complex: $385,809
2021-08-27 Clarence Otis, Jr. (age 65) Trustee since March 2017, Private investor, member of Audit Committee, Compliance Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee
2022-08-26 Clarence Otis, Jr. (age 66) Trustee March 2017 Former Chairman and CEO of Darden Restaurants, Inc. Audit Committee, Compliance Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee. Total Trustee Compensation Paid by Trust and Fund Complex: $407,500.
2023-08-30 Clarence Otis, Jr. (age 67) Trustee Private investor
2024-08-23 Clarence Otis, Jr. (age 68) Trustee March 2017 2024 Private investor Committees: Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Services Contracts Committee, Portfolio Trading and Marketing Review Committee Compensation: $445,000 total annual compensation.

MFS INVESTMENT GRADE MUNICIPAL TRUST

Filing Date Source Excerpt
2017-08-24 Clarence Otis, Jr. (age 61) Trustee since March 2017; former CEO of Darden Restaurants; member of Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee; no compensation from Trusts.
2018-08-23 Clarence Otis, Jr. (age 62) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2019-08-22 Clarence Otis, Jr. (Age 63) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2020-08-20 Clarence Otis, Jr. (Age 64) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2021-08-27 Clarence Otis, Jr. (age 65) Trustee since March 2017, Private investor, member of Audit Committee, Compliance Committee, Nomination and Compensation Committee, Contracts Review Committee, Portfolio Trading and Marketing Review Committee
2022-08-26 Clarence Otis, Jr. (age 66) Trustee March 2017 2024 Private investor Audit Committee Nomination and Compensation Committee Compliance Committee Portfolio Trading and Marketing Review Committee Total Trustee Compensation Paid by Trust and Fund Complex $407,500
2023-08-30 Clarence Otis, Jr. (age 67) Trustee, Private investor, Compensation $424,000, Committees: Audit Committee, Compliance Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee
2024-08-23 Clarence Otis, Jr. (age 68) Trustee since March 2017; Private investor; Committees: Audit, Contracts Review, Nomination and Compensation, Portfolio Trading and Marketing Review; Total Trustee Compensation Paid by Trust and MFS Fund Complex: $445,000.

MFS MULTIMARKET INCOME TRUST

Filing Date Source Excerpt
2017-08-24 Clarence Otis, Jr. (age 61) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2018-08-23 Clarence Otis, Jr. (age 62) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2019-08-22 Clarence Otis, Jr. (Age 63) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014); Audit Committee, Compliance Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee; Total Trustee Compensation Paid by Trust and Fund Complex $357,469
2020-08-20 Clarence Otis, Jr. (Age 64) Trustee March 2017 2021 Former CEO of Darden Restaurants, Inc. Committees: Audit Committee, Compliance Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee. Total Trustee Compensation Paid by Trust and Fund Complex: $385,809.
2021-08-27 Clarence Otis, Jr. (age 65) Trustee since March 2017, Private investor, member of Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee
2022-08-26 Clarence Otis, Jr. (age 66) Trustee since March 2017; Private investor; serves on Audit Committee, Compliance Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee; total compensation $407,500.
2023-08-30 Clarence Otis, Jr. (age 67) Trustee March 2017 2024 Private investor
2024-08-23 Clarence Otis, Jr. (age 68) Trustee March 2017 2024 Private investor Committees: Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee. Total Trustee Compensation Paid by Trust and MFS Fund Complex: $445,000.

MFS MUNICIPAL INCOME TRUST

Filing Date Source Excerpt
2017-08-24 Clarence Otis, Jr. (age 61) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2018-08-23 Clarence Otis, Jr. (age 62) Trustee March 2017 2018 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2019-08-22 Clarence Otis, Jr. (Age 63) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014)
2020-08-20 Clarence Otis, Jr. (Age 64) Trustee March 2017 2021 Darden Restaurants, Inc., Chief Executive Officer (until 2014) Total Trustee Compensation Paid by Trust and Fund Complex $385,809
2021-08-27 Clarence Otis, Jr. (age 65) Trustee Independent Trustee Private investor
2022-08-26 Clarence Otis, Jr. (age 66) Trustee March 2017 Former Chairman and CEO of Darden Restaurants, Inc. Committees: Audit Committee, Compliance Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee. Total Trustee Compensation Paid by Trust and Fund Complex: $407,500.
2023-08-30 Clarence Otis, Jr. (age 67) Trustee March 2017 2024 Private investor
2024-08-23 Clarence Otis, Jr. (age 68) Trustee since March 2017; Private investor; serves on Audit Committee, Contracts Review Committee, Nomination and Compensation Committee, Portfolio Trading and Marketing Review Committee, Services Contracts Committee; total compensation $445,000.

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: 2025-12-06