8-KShareholder Matters

UNION PACIFIC CORP 8-K Report, Shareholder Vote Results (May 17, 2013)

Filed May 17, 2013For Securities:UNP

Summary

This 8-K filing from Union Pacific Corporation (UNP) reports on the outcomes of its Annual Meeting of Shareholders held on May 16, 2013. The meeting saw strong shareholder participation, with approximately 85.80% of outstanding shares represented. Key decisions included the election of directors, ratification of the independent auditor, and advisory votes on executive compensation and a new stock incentive plan. The filing provides detailed voting results for all five proposals considered by shareholders.

Key Highlights

  • 1Union Pacific Corporation held its Annual Meeting of Shareholders on May 16, 2013, with a substantial quorum of approximately 85.80% of shares represented.
  • 2All incumbent directors presented for re-election were approved by a significant majority of votes.
  • 3Shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2013, with overwhelming support.
  • 4The advisory vote on executive compensation ("Say on Pay") received majority approval from shareholders.
  • 5Shareholders approved the adoption of the Union Pacific Corporation 2013 Stock Incentive Plan.
  • 6A shareholder proposal requesting a report on lobbying activities was voted down by a significant margin.

Frequently Asked Questions

The main topics voted on were the election of directors, the ratification of Deloitte & Touche LLP as the independent auditor for 2013, an advisory vote on executive compensation, the adoption of the 2013 Stock Incentive Plan, and a shareholder proposal regarding lobbying activities.

All directors proposed for re-election received a substantial majority of votes 'For' their election, indicating strong shareholder confidence in the board's composition and leadership.

The advisory vote on executive compensation, often referred to as 'Say on Pay,' was approved by shareholders, indicating their general agreement with the company's executive compensation policies as presented.

No, the shareholder proposal requesting an annual report on lobbying activities was voted against by a significant majority of shareholders and therefore was not approved.