AI English summary of an SEC filing — figures as filed
United Parcel Service UPSUnited Parcel Service said Kevin M. Warsh was confirmed by the United States Senate as Chairman of the Board of Governors of the Federal Reserve System on May 13, 2026, and his resignation from the Company's Board of Directors became effective automatically upon such confirmation.
Key points
AI summaryUnited Parcel Service said Kevin M. Warsh was confirmed by the United States Senate as Chairman of the Board of Governors of the Federal Reserve System on May 13, 2026, and his resignation from the Company's Board of Directors became effective automatically upon such confirmation.
The company said it had previously disclosed in a Form 8-K filed on February 6, 2026 that Warsh had advised it he would resign from the Company's Board if and when he was confirmed as Chairman of the Board of Governors of the Federal Reserve System.
United Parcel Service said Warsh's decision to resign was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
The company said it filed this Form 8-K under Item 5.02, which addresses the departure of directors, and that the date of the earliest event reported was May 13, 2026.
Summary
AI-writtenAnalysis 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.
Kevin M. Warsh's Resignation from Board Becomes Effective
United Parcel Service said Kevin M. Warsh was confirmed by the United States Senate as Chairman of the Board of Governors of the Federal Reserve System on May 13, 2026, and his resignation from the Company's Board of Directors became effective automatically upon such confirmation.
Source · Based on the filing body and exhibits
Prior Disclosure of Resignation Condition
The company said it had previously disclosed in a Form 8-K filed on February 6, 2026 that Warsh had advised it he would resign from the Company's Board if and when he was confirmed as Chairman of the Board of Governors of the Federal Reserve System.
Source · Based on the filing body and exhibits
Company's Explanation of Reason for Resignation
United Parcel Service said Warsh's decision to resign was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
Source · Based on the filing body and exhibits
Disclosure Item and Date of Earliest Event Reported
The company said it filed this Form 8-K under Item 5.02, which addresses the departure of directors, and that the date of the earliest event reported was May 13, 2026.
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.
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