Wilmington, May 05, 2011 – Also Cast Advisory Vote Saying “Yes” on Pay
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 substantial majority of shareowners voted to approve the compensation to UPS’s top five officers. A majority of votes cast also favored the Board’s recommendation that such “say on pay” votes be taken every three years in the future.
Eleven directors stood for election to the Board of Directors and all were elected by substantial margins. The 11 include Chairman Scott Davis; Duane Ackerman; Michael Burns; Stuart Eizenstat; Mike Eskew; Bill Johnson; Ann Livermore; Rudy Markham; Clark “Sandy” Randt; John Thompson, and Carol Tome.