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AI English summary of an SEC filing — figures as filed

United Parcel Service logoUnited Parcel Service UPS

UPS said its Board of Directors increased the size of the Board to 13 members on March 3, 2025 and appointed Kevin P. Clark (age 62) as a director on the recommendation of the Nominating and Corporate Governance Committee.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. UPS said its Board of Directors increased the size of the Board to 13 members on March 3, 2025 and appointed Kevin P. Clark (age 62) as a director on the recommendation of the Nominating and Corporate Governance Committee.

  2. The company said Clark is Chair and Chief Executive Officer of Aptiv PLC. It said he joined Aptiv as Chief Financial Officer in 2010, was named President and CEO in 2015, and was named Aptiv Chair and CEO in 2022.

  3. UPS said Clark is expected to join the Audit Committee of the Board if shareowners elect him at the 2025 annual meeting of shareowners. The company also said he will be compensated as a non-employee director under its director compensation practices.

  4. UPS said Chief Executive Officer Carol Tomé described Clark as bringing knowledge and experience in healthcare and technology, which are strategic areas for UPS, and said his addition strengthens the board's perspectives in critical areas where the company aims to accelerate growth.

Summary

AI-written

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

UPS Expands Board to 13 Members, Appoints Kevin P. Clark

UPS said its Board of Directors increased the size of the Board to 13 members on March 3, 2025 and appointed Kevin P. Clark (age 62) as a director on the recommendation of the Nominating and Corporate Governance Committee.

Source · Based on the filing body and exhibits

Clark's Career: Aptiv and Liberty Lane Partners

The company said Clark is Chair and Chief Executive Officer of Aptiv PLC. It said he joined Aptiv as Chief Financial Officer in 2010, was named President and CEO in 2015, and was named Aptiv Chair and CEO in 2022.

Source · Based on the filing body and exhibits

Joins Audit Committee Upon Shareowner Election

UPS said Clark is expected to join the Audit Committee of the Board if shareowners elect him at the 2025 annual meeting of shareowners. The company also said he will be compensated as a non-employee director under its director compensation practices.

Source · Based on the filing body and exhibits

Company's Explanation for the Appointment

UPS said Chief Executive Officer Carol Tomé described Clark as bringing knowledge and experience in healthcare and technology, which are strategic areas for UPS, and said his addition strengthens the board's perspectives in critical areas where the company aims to accelerate growth.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.