8-KEarnings & ResultsLeadership ChangesExhibits & Filings

UNITED PARCEL SERVICE INC 8-K Report, Financial Results (Feb 1, 2008)

Filed February 1, 2008For Securities:UPS

Summary

United Parcel Service, Inc. (UPS) filed an 8-K on February 1, 2008, reporting on its fourth quarter and full-year 2007 financial results, which were disclosed via a press release on January 30, 2008. While specific financial figures are not detailed within this 8-K document itself, the filing serves as an official record of the release of this key operational and financial information to the public. Investors should refer to the attached press release (Exhibit 99.1) for the detailed performance metrics and financial condition updates for the period ending December 31, 2007. Additionally, the filing notes a compensation adjustment for CEO D. Scott Davis. Effective January 1, 2008, following his previously disclosed assumption of CEO and Chairman roles, his base monthly salary was increased to $80,000. This highlights a leadership transition and associated executive compensation update relevant to governance and shareholder value considerations.

Key Highlights

  • 1UPS filed an 8-K on February 1, 2008, to report its Q4 and full-year 2007 financial results.
  • 2Financial results were initially disclosed in a press release on January 30, 2008 (Exhibit 99.1).
  • 3The filing confirms the official release of Q4 and FY 2007 earnings information.
  • 4D. Scott Davis received a salary increase to $80,000 per month, effective January 1, 2008, in his capacity as CEO and Chairman.
  • 5The salary increase is tied to his executive role assumed on January 1, 2008.
  • 6This 8-K mainly serves to officially timestamp and attach the earnings press release and to report executive compensation changes.

Frequently Asked Questions

This 8-K filing itself does not contain the detailed financial results. The results were released in a press release on January 30, 2008, which is attached as Exhibit 99.1 to this filing. Investors should consult that press release for specific revenue, profit, and other financial performance data.

D. Scott Davis is the Chief Executive Officer and Chairman of the Board of UPS. Effective January 1, 2008, his base monthly salary was increased to $80,000 in connection with his assumption of these leadership roles.

This 8-K was filed to officially report the company's results of operations for the fourth quarter and year ended December 31, 2007, by attaching the press release that contained this information. It also reported a change in compensation for a principal officer.

The filing date of February 1, 2008, indicates when UPS officially submitted this report to the SEC. The key financial information, however, was made public earlier on January 30, 2008, through a press release.