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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 2, 2025
United Parcel Service, Inc.
(Exact name of registrant as specified in its charter)
| | | | | | | | | | | | | | |
| | | | |
Delaware | | 001-15451 | | 58-2480149 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
55 Glenlake Parkway, N.E., Atlanta, Georgia 30328
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (404) 828-6000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): | | | | | |
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: | | | | | | | | | | | | | | |
Title of Each Class | | Trading Symbol | | Name of Each Exchange on Which Registered |
Class B common stock, par value $0.01 per share | | UPS | | New York Stock Exchange |
| | | | |
1.625% Senior Notes Due 2025 | | UPS25 | | New York Stock Exchange |
| | | | |
1% Senior Notes due 2028 | | UPS28 | | New York Stock Exchange |
| | | | |
1.500% Senior Notes due 2032 | | UPS32 | | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company. ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 2, 2025, the Board of Directors (the “Board”) of United Parcel Service, Inc. (“UPS”), upon recommendation of the Board’s Nominating and Corporate Governance Committee, increased the size of the Board to thirteen members and appointed John Morikis, age 61, to the Board, effective immediately. Mr. Morikis will join the Audit Committee of the Board. Mr. Morikis is the retired President and CEO of the Sherwin-Williams Company.
Mr. Morikis will receive compensation as a non-employee director in accordance with UPS’s director compensation practices substantially as described in its proxy statement for its 2025 annual meeting of shareowners, filed with the Securities and Exchange Commission on March 17, 2025. Other than these standard compensation arrangements, there are no arrangements or understandings between Mr. Morikis and any other person pursuant to which Mr. Morikis was selected as a director.
Mr. Morikis is not a party to any transaction with UPS that would require disclosure under Item 404(a) of Regulation S-K
Item 7.01 — Regulation FD Disclosure.
The press release issued on June 2, 2025 announcing Mr. Morikis's election to the Board is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. — Financial Statements and Exhibits.
(d) Exhibits
| | | | | | | | |
Exhibit | | |
Number | | Description |
| | |
99.1 | | |
104 | | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
The information included in Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filings under the Securities Act of 1933 or the Exchange Act, except as may be expressly set forth by reference in any such filing.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | | | |
| | | | UNITED PARCEL SERVICE, INC. |
Date: | June 2, 2025 | | | | By: | | /s/ NORMAN M. BROTHERS, JR. |
| | | | | | | Name: Norman M. Brothers, Jr. |
| | | | | | | Title: Executive Vice President, Chief Legal and Compliance Officer |
| | | | | | | |
Exhibit 99.1
Contact:
UPS Media Relations: pr@ups.com
UPS Investor Relations: investor@ups.com
UPS APPOINTS JOHN MORIKIS TO BOARD OF DIRECTORS
ATLANTA, June 2, 2025 – UPS (NYSE: UPS) today announced the appointment of John Morikis to the UPS Board of Directors, effective immediately.
Morikis is the retired Chairman, President and CEO of the Sherwin-Williams Company, a global leader in the manufacture, development, distribution and sale of paint, coatings and related products. He currently serves on the Board of Directors of General Mills, Inc., and Whirlpool Corporation, and recently retired as the Executive Chairman and as a member of the Board at Sherwin-Williams.
“John’s extensive experience leading a highly complex, multinational organization, coupled with decades of public company Board experience will bring valuable perspective to our team,” said William Johnson, Chairman of UPS Board of Directors. “We’re excited to have John join us and look forward to his contributions.”
Morikis, 61, initially joined Sherwin-Williams as a management trainee. He advanced over four decades with the company through key leadership roles, including Division President and Group President. He later served as President and Chief Operating Officer before being appointed Chief Executive Officer. As CEO, Morikis spearheaded a company-wide overhaul to differentiate Sherwin-Williams by emphasizing world class talent, breakthrough innovation, customer-driven solutions, and a focus on value-added products and services.
“John has a proven ability to anticipate industry shifts and will bring deep expertise in global operations, supply chain optimization, acquisition integration and
business transformation to the UPS Board,” said Carol Tomé, UPS Chief Executive Officer. “We’re thrilled to welcome John to the UPS Board.”
Morikis will join the board’s Audit Committee.
About UPS
UPS (NYSE: UPS) is one of the world’s largest companies, with 2024 revenue of $91.1 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 490,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. More information can be found at ups.com, about.ups.com and investors.ups.com.
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