Summary
United Parcel Service Inc. (UPS) announced a change to its Board of Directors through an 8-K filing on February 8, 2017. The Board size was increased to twelve members with the election of Franck J. Moison. Mr. Moison has also been appointed to the Nominating and Corporate Governance Committee. His compensation will be in line with UPS's standard director compensation practices for non-employee directors.
Key Highlights
- 1Board size increased from eleven to twelve members.
- 2Franck J. Moison was elected as a new director.
- 3Mr. Moison was appointed to the Nominating and Corporate Governance Committee.
- 4Mr. Moison will receive standard non-employee director compensation.
- 5There are no undisclosed arrangements between Mr. Moison and UPS requiring disclosure under Item 404(a) of Regulation S-K.
- 6The filing includes a press release announcing the board change as an exhibit.
Frequently Asked Questions
Franck J. Moison has been elected as a new member of UPS's Board of Directors and appointed to the Nominating and Corporate Governance Committee. He will serve as a non-employee director.
Mr. Moison will receive compensation as a non-employee director according to UPS's established director compensation practices, as detailed in their 2016 Proxy Statement.
The filing indicates no special arrangements or understandings between Mr. Moison and any other person for his selection as director. His appointment is consistent with UPS's director compensation practices, and he is not involved in any transactions requiring specific disclosure under Item 404(a) of Regulation S-K.
This filing primarily concerns a change in board composition and related disclosure. The information provided, including the press release, is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act, nor is it incorporated by reference into other UPS filings.