UPS Shareowners Elect Board, Reappoint Deloitte & Touche
May 03 2012 - 8:37AM
Business Wire
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% discount.
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.
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