{"schema_version":"secwatch.filing_event.v1","accession":"0001090727-24-000031","form_type":"8-K","ticker":"UPS","cik":"0001090727","company_name":"UNITED PARCEL SERVICE INC","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.243009+00:00","generated_at":"2026-06-02T21:41:12.713183+00:00","sec_items":["5.02","5.07","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"UPS CFO Brian Newman to depart June 1 for health reasons; reaffirms FY guidance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001090727-24-000031","json":"https://secwatch.observer/filing/0001090727-24-000031.json","markdown":"https://secwatch.observer/filing/0001090727-24-000031.md","text":"https://secwatch.observer/filing/0001090727-24-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/ups-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:41:12.713183+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c6d1214fbb","claim":"Brian O. Newman departed as Executive Vice President and Chief Financial Officer at UNITED PARCEL SERVICE INC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"76ebe0de631dd7e29f9be770cde26feef9357ac4","claim":"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.","evidence_excerpt":"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:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"},{"claim_id":"7b7f57fc9c99852629632353ef6c5afb3d204a29","claim":"UNITED PARCEL SERVICE INC shareholders approved Election of 12 directors at the 2024-05-02 meeting.","evidence_excerpt":"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:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"},{"claim_id":"8c168baebf85781ab75613c602ac955780203570","claim":"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.","evidence_excerpt":"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:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"},{"claim_id":"e350137b372cce7b82b85135dcd9b357ed5af1b3","claim":"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.","evidence_excerpt":"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:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"},{"claim_id":"e4c53846defe5bbf6bab3e81c36c7732ea096ee6","claim":"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.","evidence_excerpt":"Votes on a shareowner proposal requesting the Company prepare a report on risks arising from voluntary carbon-reduction commitments:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"},{"claim_id":"fa317af6ff4f4e5efc4ef75df0ca7fc5d0bf6d29","claim":"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.","evidence_excerpt":"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:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}