8-KLeadership Changes

UNION PACIFIC CORP 8-K Report, Executive Changes (Apr 5, 2016)

Filed April 5, 2016For Securities:UNP

Summary

Union Pacific Corporation (UNP) announced a significant addition to its Board of Directors with the appointment of Jane H. Lute, effective April 5, 2016. Ms. Lute brings extensive experience in cybersecurity, international affairs, and public service, having held leadership positions at the Center for Internet Security, the Council on Cybersecurity, and as Deputy Secretary of the U.S. Department of Homeland Security. Her background also includes a distinguished career in the United States Army and service at the United Nations. This strategic appointment underscores the company's commitment to enhancing its governance and potentially its focus on critical areas like cybersecurity, given Ms. Lute's expertise. Investors should note that Ms. Lute's committee assignments are pending and will be disclosed in a future filing. Her directorship extends to the company's principal operating subsidiary, Union Pacific Railroad Company.

Key Highlights

  • 1Jane H. Lute elected to Union Pacific Corporation's Board of Directors, effective April 5, 2016.
  • 2Ms. Lute's background includes significant leadership roles in cybersecurity and public service.
  • 3Previous experience includes CEO of the Center for Internet Security and Deputy Secretary of the U.S. Department of Homeland Security.
  • 4Ms. Lute also served in high-level positions at the United Nations and had a military career.
  • 5The board has not yet assigned Ms. Lute to any board committees.
  • 6Details on committee appointments will be provided in a subsequent filing.
  • 7All directors also serve on the board of Union Pacific Railroad Company.

Frequently Asked Questions

Jane H. Lute is a new director on Union Pacific's Board. She is 59 years old and has a strong background in cybersecurity, international affairs, and government service. She has been the CEO of the Center for Internet Security, President and CEO of the Council on Cybersecurity, and Deputy Secretary of the U.S. Department of Homeland Security. She also has experience with the United Nations and a distinguished military career.

Ms. Lute's appointment is significant due to her extensive expertise in cybersecurity and public service. This suggests that Union Pacific may be looking to strengthen its governance and potentially its focus on digital security and regulatory environments, given the increasing importance of these areas for large corporations.

At the time of her election, Ms. Lute was not appointed to any board committees. Union Pacific has stated that information regarding any committee assignments will be provided in an amendment to this Form 8-K filing.

Yes, all directors elected to the Union Pacific Corporation Board of Directors also serve concurrently on the Board of Directors of its principal operating subsidiary, Union Pacific Railroad Company. Therefore, Ms. Lute's directorship extends to the railroad operations as well.