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WILMINGTON, Del., May 7, 2015 (GLOBE NEWSWIRE) -- Shareowners of UPS (NYSE: UPS) today elected a Board ofDirectors for a one-year term. Twelve directors stood forelection to the Board and all were elected by substantialmargins. The twelve include: Chairman Scott Davis, DavidAbney, Rodney Adkins, Michael Burns, Bill Johnson, Candace Kendle,Ann Livermore, Rudy Markham, Sandy Randt, John Stankey, Carol Tomé,and Kevin Warsh.
The shareowners also approved the proposal for the 2015 OmnibusIncentive Compensation Plan (ICP). The proposal is generally putforth every three years to obtain shareholder authorization for theequity awards grants under the ICP. The appointment ofDeloitte & Touche to serve as the Company's independentauditors for 2015 was ratified by a wide margin.
UPS shareowners rejected a shareholder proposal that would haverequired additional disclosure concerning the company's governmentaffairs and lobbying activities in excess of currentrequirements. The Board, which exercises independentoversight of all UPS lobbying and political contributions andexpenditures, had recommended that shareholders vote against thisproposal on the grounds that UPS already has effective policies forthe appropriate disclosure and oversight of the company's lobbyingand political activities.
Also rejected was the shareholder proposal that sought torequire the board to reduce the voting power of Class A stock from10 votes per share to one vote per share.
The shareholder proposal regarding tax gross-ups to seniorexecutives was withdrawn by the proponents before the shareholdermeeting.
UPS routinely posts investor announcements on its web site -www.investors.ups.com - and encourages those interested in thecompany to check there frequently.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broadrange of solutions including the transportation of packages andfreight; the facilitation of international trade, and thedeployment of advanced technology to more efficiently manage theworld of business. Headquartered in Atlanta, UPS serves morethan 220 countries and territories worldwide. The company canbe found on the Web at UPS.com and its corporate blog can be foundat blog.ups.com. To get UPS news direct, visitpressroom.ups.com/RSS.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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