--- 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" generated_at: "2026-06-02T21:41:12.713183+00:00" event_type: "leadership" sentiment: "negative" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # UPS CFO Brian Newman to depart June 1 for health reasons; reaffirms FY guidance ## Summary - 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. ## SEC filing metadata - 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 - event_type: leadership - sentiment: negative - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 5.02, 5.07, 7.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001090727-24-000031 - JSON: https://secwatch.observer/filing/0001090727-24-000031.json - Plain text: https://secwatch.observer/filing/0001090727-24-000031.txt ## Key facts - Executive change 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm - Shareholder Votes 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 source text: Votes on a shareowner proposal requesting the Company prepare a report on risks arising from voluntary carbon-reduction commitments: evidence_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072724000031/0001090727-24-000031-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.