8-KOther Events

UNITED PARCEL SERVICE INC 8-K Report (Apr 24, 2003)

Filed April 24, 2003For Securities:UPS

Summary

United Parcel Service Inc. (UPS) filed an 8-K report on April 24, 2003, to disclose its financial results for the quarter ended March 31, 2003. The filing primarily serves to attach a press release, dated April 22, 2003, which details the company's operational performance. Notably, this press release includes non-GAAP financial information, which UPS believes is valuable for investors to facilitate meaningful comparisons between its 2002 and 2003 performance. This report indicates that UPS is proactively communicating its financial outcomes and providing context for understanding its ongoing business trends. Investors should refer to the accompanying press release (Exhibit 99.1) for the specific financial figures and analysis provided by the company regarding its first quarter 2003 results.

Key Highlights

  • 1UPS filed an 8-K report on April 24, 2003, detailing its financial performance for the quarter ending March 31, 2003.
  • 2The filing's primary purpose is to submit a press release (Exhibit 99.1) dated April 22, 2003, containing the company's operational results.
  • 3The press release includes non-GAAP financial information to aid investor comparability between 2002 and 2003 results.
  • 4The report is filed under Item 7 (Financial Statements and Exhibits) and Item 9 (Regulation FD Disclosure).
  • 5D. Scott Davis, Senior Vice President, Chief Financial Officer, and Treasurer, signed the report on behalf of UPS.
  • 6The filing highlights UPS's commitment to informing investors about its financial condition and results of operations.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially submit and make public UPS's press release dated April 22, 2003, which contains the company's financial results for the first quarter ended March 31, 2003. It ensures that this information is accessible to all investors in compliance with SEC regulations, particularly Regulation FD.

This 8-K report itself does not contain detailed financial statements. Instead, it references and attaches a press release (Exhibit 99.1) which provides details on the company's results of operations for the quarter. Investors should review the press release for specific financial figures.

The mention of 'non-GAAP financial information' indicates that the press release may include financial metrics that are not prepared in accordance with Generally Accepted Accounting Principles (GAAP). UPS states this is done to allow investors to perform more meaningful comparisons of its performance between 2002 and 2003, suggesting these non-GAAP measures offer a clearer view of operational trends by potentially excluding certain items.

The filing was signed by D. Scott Davis, who holds the positions of Senior Vice President, Chief Financial Officer, and Treasurer. This signature signifies that a senior financial executive of UPS has duly authorized the contents of the report, confirming its accuracy and compliance with disclosure requirements.