UPS adopts new Key Employee Severance Plan; shareholders reelect all directors and reject all proposals

UNITED PARCEL SERVICE INC

New severance plan approved May 4, 2022: CEO gets 2x salary + target bonus, other NEOs get 1x; plus COBRA and career counseling up to $30k.
Shareholders elected all 13 director nominees; Carol Tomé received 1.287B votes for, 32.6M against.
Advisory vote on NEO compensation passed with 1.218B for, 87.3M against.
All seven shareholder proposals defeated, including lobbying report (387M for), climate alignment (433M for), and voting rights (431M for).
Ratification of Deloitte & Touche as auditor passed with 1.381B votes for.

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