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2 Years : From May 2011 to May 2013
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.
On other matters, a majority of shareowners voted to approve the 2012
Omnibus Incentive Compensation Plan, which authorizes the issuance of
equity compensation to UPS employees and directors, and to increase the
number of shares available under the Discounted Employee Stock Purchase
Plan, which encourages employee ownership by offering UPS stock at a 5%
The shareholders also rejected a shareowner proposal that would have
required the preparation of an annual report on the company's government
affairs and lobbying activities. 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.
Twelve directors stood for election to the Board of Directors and all
were elected by substantial margins. The 12 include Chairman Scott
Davis; Duane Ackerman; Michael Burns; Stuart Eizenstat; Mike Eskew; Bill
Johnson; Candace Kendle; Ann Livermore; Rudy Markham; Clark “Sandy”
Randt; John Thompson, and Carol Tomé.
The appointment of Deloitte & Touche to serve as the company’s
independent auditors for 2012 also was ratified by a wide margin.
UPS (NYSE:UPS) is a global leader in logistics, offering a broad range
of solutions including the transportation of packages and freight; the
facilitation of international trade, and the deployment of 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 blog.ups.com.
To get UPS news direct, visit pressroom.ups.com/RSS.