The company said it held its annual shareholder meeting solely as a live audio webinar on May 8, 2025. 528,745,245 of the 599,318,180 shares outstanding and entitled to vote attended, meeting the quorum of approximately 88%.

1. 01

   The company said it held its annual shareholder meeting solely as a live audio webinar on May 8, 2025. 528,745,245 of the 599,318,180 shares outstanding and entitled to vote attended, meeting the quorum of approximately 88%.

2. 02

   The company said shareholders elected each director individually to serve a term ending at the next annual shareholder meeting in 2026. Union Pacific said Teresa M. Finley received 465,200,198 votes for and 2,532,278 against, while Michael R. McCarthy received 448,028,387 votes for and 19,627,889 against.

3. 03

   The company said shareholders approved the ratification of Deloitte & Touche LLP as its independent registered public accounting firm for 2025, with 498,703,418 votes for and 29,253,506 against. The advisory, non-binding Say on Pay vote received 437,800,732 votes for and 27,943,427 against.

4. 04

   The company said shareholders voted against a shareholder proposal requesting the board adopt an amended clawback policy, with 34,840,649 votes for and 429,453,939 votes against. There were 4,017,050 abstentions and 60,433,607 broker non-votes.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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