WILMINGTON, Del., May 7, 2015 (GLOBE NEWSWIRE) -- Shareowners of UPS (NYSE: UPS) today elected a Board of
Directors for a one-year term. Twelve directors stood for
election to the Board and all were elected by substantial
margins. The twelve include: Chairman Scott Davis, David
Abney, 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 Omnibus
Incentive Compensation Plan (ICP). The proposal is generally put
forth every three years to obtain shareholder authorization for the
equity awards grants under the ICP. The appointment of
Deloitte & Touche to serve as the Company's independent
auditors for 2015 was ratified by a wide margin.
UPS shareowners rejected 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 that shareholders vote against this
proposal on the grounds that UPS already has effective policies for
the appropriate disclosure and oversight of the company's lobbying
and political activities.
Also rejected was the 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.
The shareholder proposal regarding tax gross-ups to senior
executives was withdrawn by the proponents before the shareholder
meeting.
UPS routinely posts investor announcements on its web site -
www.investors.ups.com - and encourages those interested in the
company to check there frequently.
About UPS
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.
CONTACT: Andy McGowan, Public Relations
404-828-4663
Joe Wilkins, Investor Relations
404-828-8209
