8-K
filed May 6, 2024, 7:59 PM ET
ticker UPS
CIK 0001090727
leadership
confidence high
sentiment negative
materiality 0.60
UPS CFO Brian Newman to depart June 1 for health reasons; reaffirms FY guidance
UNITED PARCEL SERVICE INC
- Newman leaves as EVP and CFO effective June 1, 2024; company begins internal and external search.
- Separation includes cash payment of $1,830,471, vesting of 35,166 restricted performance units, and COBRA cost difference.
- CEO Carol Tomé affirms full-year 2024 guidance as previously shared in last earnings call.
- Annual meeting results: all 12 directors elected; say-on-pay and auditor ratification passed; three shareholder proposals failed.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian O. Newman departed as Executive Vice President and Chief Financial Officer at UNITED PARCEL SERVICE INC.
- Action
- departed
- Role
- Executive Vice President and Chief Financial Officer
Exact text from the filing
On May 6, 2024, United Parcel Service, Inc. (the “Company”) announced that Brian O. Newman will depart as the Company’s Executive Vice President and Chief Financial Officer, effective June 1, 2024.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNITED PARCEL SERVICE INC shareholders rejected Shareowner proposal requesting the Company prepare an annual report on the effectiveness of the Company's diversity, equity and inclusion efforts at the 2024-05-02 meeting.
- Outcome
- failed
- Meeting
- 2024-05-02
Exact text from the filing
Votes on a shareowner proposal requesting the Company prepare an annual report on the effectiveness of the Company's diversity, equity and inclusion efforts were as follows:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNITED PARCEL SERVICE INC shareholders approved Election of 12 directors at the 2024-05-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-02
Exact text from the filing
Election of Directors: Votes regarding the election of 12 directors for a term expiring at the Company’s 2025 annual meeting of shareholders, or until their earlier resignation, removal or retirement, were as follows:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNITED PARCEL SERVICE INC shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers at the 2024-05-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-02
Exact text from the filing
Approval, on an Advisory Basis, of Named Executive Officer Compensation: Votes regarding the approval, on an advisory basis, of the compensation of the Company’s named executive officers were as follows:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNITED PARCEL SERVICE INC shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024 at the 2024-05-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-02
Exact text from the filing
Ratification of Accountants: Votes regarding the ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024 were as follows:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNITED PARCEL SERVICE INC shareholders rejected Shareowner proposal requesting the Company prepare a report on risks arising from voluntary carbon-reduction commitments at the 2024-05-02 meeting.
- Outcome
- failed
- Meeting
- 2024-05-02
Exact text from the filing
Votes on a shareowner proposal requesting the Company prepare a report on risks arising from voluntary carbon-reduction commitments:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNITED PARCEL SERVICE INC shareholders rejected Shareowner proposal to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share at the 2024-05-02 meeting.
- Outcome
- failed
- Meeting
- 2024-05-02
Exact text from the filing
Shareowner Proposals: Votes on a shareowner proposal to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share were as follows:
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.