UPS (UPS) AGM 2026 summary

Opening remarks and agenda

• The meeting was conducted virtually, with all board nominees, executive leadership, independent auditors, and the Inspector of Election present.

• The agenda included seven items: election of directors, executive compensation, omnibus incentive plan, auditor ratification, and three shareowner proposals.

Board and executive committee updates

• Kate Johnson was recognized for her five years of board service as she steps down.

• The board is largely independent, with a mix of skills and recent refreshment; seven new directors have joined since 2020.

• The board expressed strong confidence in the current management team and CEO, citing successful navigation of recent challenges.

Shareholder proposals

• Proposal to reduce Class A stock voting power from 10 to 1 vote per share was presented but not approved.

• Proposal for a third-party evaluation of UPS's impact on marginalized communities was discussed, highlighting environmental justice and regulatory risks, but not approved.

• Proposal for a report on aligning operations with carbon neutrality goals was presented, citing lagging progress and peer comparisons, but not approved.