United Parcel Service, Inc. (NYSE:UPS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February8, 2018, the Board of Directors (the “Board”) of United Parcel Service, Inc. (“UPS”), upon recommendation of the Board’s Nominating and Corporate Governance Committee, increased the size of the Board to thirteen members and elected Christiana S. Shi to the Board. The Board also appointed Ms. Shi to the Compensation Committee and Risk Committee of the Board.
Ms. Shi will receive compensation as a non-employee director in accordance with UPS’s director compensation practices described in its 2017 Proxy Statement, filed with the Securities and Exchange Commission on March 13, 2017. Other than this standard compensation arrangement, there are no arrangements or understandings between Ms. Shi and any other person to which Ms. Shi was selected as a director.
Ms. Shi is not a party to any transaction with UPS that would require disclosure under Item 404(a) of Regulation S-K.
Item 5.02 — Regulation FD Disclosure.
The press release issued on February8, 2018 announcing Ms. Shi’s election to the Board is included as Exhibit 99.1.
Item 5.02 — Financial Statements and Exhibits.
Press release February 8, 2018
The information in Items 7.01 and 9.01, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of UPS under the Securities Act of 1933, as amended, regardless of any general incorporation language in those filings.
UNITED PARCEL SERVICE INC ExhibitEX-99.1 2 exhibit991-q12018newdirect.htm EXHIBIT 99.1 – PRESS RELEASE Exhibit Contacts:Glenn Zaccara 404-828-4663 [email protected] NAMES CHRISTIANA SMITH SHI TO BOARD OF DIRECTORSATLANTA,…To view the full exhibit click
About United Parcel Service, Inc. (NYSE:UPS)
United Parcel Service, Inc. (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The Company offers a spectrum of the United States domestic guaranteed ground and air package transportation services. The Company’s International Package segment includes the small package operations in Europe, Asia, Canada and Latin America, the Indian sub-continent, the Middle East and Africa. UPS offers a selection of guaranteed day and time-definite international shipping services. The Supply Chain & Freight segment consists of the Company’s forwarding and logistics services, truckload freight brokerage, UPS Freight and its financial offerings through UPS Capital. UPS offers a portfolio of guaranteed and non-guaranteed global air freight services.