UPS Shareowners Elect Board, Reappoint Deloitte & Touche
May 05 2016 - 10:00AM
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.
Eleven directors stood for election to the Board and all were
re-elected by substantial margins. The eleven include:
Chairman and Chief Executive Officer David Abney, Rodney Adkins,
Michael Burns, Bill Johnson, Candace Kendle, Ann Livermore, Rudy
Markham, Sandy Randt, John Stankey, Carol Tomé, and Kevin
Warsh.
The appointment of Deloitte & Touche to serve as the
company’s independent auditors for 2016 also was ratified by a wide
margin.
On other matters, 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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