Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Instagram Outage Disrupts Thousands of U.S. Users 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
ATLANTA, Nov. 17, 2017 -- UPS (NYSE:UPS) today announced its board of directors has adopted amended bylaws that incorporate current best practices and changes in Delaware law, including proxy access, which allows eligible shareowners to include their own director nominees in the company’s proxy materials.
The board adopted proxy access as part of its ongoing commitment to strong corporate governance practices, following thoughtful discussions with shareowners through the Company’s long-standing outreach program. “We engaged with our shareowners and carefully considered their feedback on this important issue,” said David Abney, UPS Chairman and Chief Executive Officer.
Proxy access provides a single shareowner, or group of up to 20 shareowners, who has owned at least three percent of UPS’s outstanding stock continuously for at least three years, the ability to include director nominees in UPS’s proxy materials for an annual meeting of shareowners. Shareowners may include the-greater-of 20 percent of UPS board seats or two directors in the proxy materials.
“Proactively implementing proxy access is appropriate and consistent with UPS’s high governance standards,” said William R. Johnson, UPS Independent Lead Director. “The board of directors is committed to best practices in corporate governance and taking actions in line with shareholder feedback.”
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying 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 or pressroom.ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_News on Twitter.
Glenn Zaccara 404-828-7123 [email protected]
