UPS Holds Shareowners’ Meeting, Re-Elects Board Members
May 04 2017 - 12:11PM
Shareowners of UPS (NYSE: UPS) today elected a Board of
Directors for a one-year term and ratified the appointment of
Deloitte & Touche LLP as the company’s independent registered
public accountants.
Twelve directors stood for election to the Board and all were
re-elected by substantial margins. The twelve include: Chairman and
Chief Executive Officer David Abney, Rodney Adkins, Michael Burns,
Bill Johnson, Candace Kendle, Ann Livermore, Rudy Markham, Franck
Moison, Sandy Randt, John Stankey, Carol Tomé and Kevin Warsh.
The appointment of Deloitte & Touche to serve as the
company’s independent auditors for 2017 also was ratified by a wide
margin. In other matters, shareowners approved an advisory vote on
executive compensation, and approved the frequency of the advisory
vote on executive compensation to be every three years.
UPS shareowners did not approve a shareholder proposal that
would have required additional disclosure concerning the company's
government affairs and lobbying activities in excess of current
requirements. The Board, which exercises independent oversight of
all UPS lobbying and political contributions and expenditures, had
recommended a “No” vote on the grounds that UPS already has
effective policies for the appropriate disclosure and oversight of
the company's lobbying and political activities.
UPS shareowners also rejected a shareholder proposal that sought
to require the Board to reduce the voting power of Class A stock
from 10 votes per share to one vote per share.
Additionally, the shareholder proposal regarding Holy Land
Principles was not approved, given the company has existing
policies to promote fair employment practices, equal employment
opportunity and diversity in the workplace globally.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the web at
ups.com® and its corporate blog can be found at longitudes.ups.com.
To get UPS news direct, visit pressroom.ups.com/RSS.
UPS routinely posts investor announcements on its web site --
www.investors.ups.com -- and encourages those interested in the
company to check there frequently.
Glenn Zaccara, Public Relations
404-828-4663
Scott Childress, Investor Relations
404-828-7957
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