secwatch.observer — SEC 8-K summary
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Issuer:     UNITED PARCEL SERVICE INC (UPS)
CIK:        0001090727
Form:       8-K
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0001090727-24-000038
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UPS appoints Brian Dykes as CFO effective immediately
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- Brian Dykes, 46, appointed EVP and CFO; over 25 years at UPS, most recently SVP Global Finance and Planning.
- Annual base salary of $725,000; MIP target 115%, LTIP target 450%, stock option grant 50% of base salary.
- 2024 LTIP target increased by approx. $1.5 million, final award based on 2024-2026 performance period.
- Dykes replaces previous CFO; will lead global finance, planning, treasury, tax, reporting, and investor relations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090727/000109072724000038/0001090727-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090727/000109072724000038/ups-20240709.htm
  HTML page:      https://secwatch.observer/filing/0001090727-24-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer