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Union Pacific CFO Hamann plans early-2027 retirement

Hamann was Union Pacific's first woman CFO, taking the role in January 2020.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

Union Pacific Corporation announced that Jennifer L. Hamann plans to retire as Executive Vice President and Chief Financial Officer effective in early 2027. She will continue her current responsibilities until her retirement.

Hamann joined Union Pacific in 1992, and the company describes her career as 35 years. She held leadership roles across Finance, Human Resources, Marketing and Sales, Investor Relations and Corporate Audit. Union Pacific said she played a key leadership role in strengthening its balance sheet and enhancing capital allocation strategies.

Filing Explained

Union Pacific says it will announce CFO succession plans later, so this filing sets a planned departure but leaves the leadership transition unresolved until that announcement.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Career length stated 35 years The company describes Hamann's career at Union Pacific.
Year joined Union Pacific 1992 Hamann joined the company in 1992.
CFO appointment January 2020 Hamann was named chief financial officer.
Operating footprint 23 western states Union Pacific's company description.
capital allocation strategies financial
"enhancing capital allocation strategies"
Capital allocation strategies are the plans a company's leaders use to decide how to deploy cash and resources—choosing among options like investing in projects, buying back shares, paying dividends, cutting debt, or holding reserves. Like a household budget that balances spending, saving and paying bills, these choices directly affect a company’s growth prospects, risk profile and the potential returns shareholders receive over time.
balance sheet financial
"strengthening the company's balance sheet"
A balance sheet is a financial statement that shows what a company owns and owes at a specific moment in time. It lists assets (things of value like cash and equipment) and liabilities (debts or obligations), with the difference called shareholders' equity. For investors, it provides a snapshot of the company's financial health, helping them assess its stability and ability to grow.
employee resource group technical
"Union Pacific’s women's employee resource group"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Union Pacific CFO Jennifer Hamann plan to retire?

Jennifer L. Hamann plans to retire in early 2027. Until her retirement, she will continue her current responsibilities as Executive Vice President and Chief Financial Officer.

Who will replace Jennifer Hamann as Union Pacific CFO?

Union Pacific said it will announce succession plans at a later date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0000100885FALSE00001008852026-10-162026-10-16

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): October 16, 2026 (October 16, 2026)
______________________________________
UNION PACIFIC CORPORATION
(Exact name of registrant as specified in its charter)
______________________________________
Utah1-607513-2626465
(State or other jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1400 Douglas Street, Omaha, Nebraska
68179
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: (402) 544-5000
N/A
(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 ClassTrading SymbolName of each exchange on which registered
Common Stock
(Par Value $2.50 per share)
UNPNew 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 October 16, 2026, Union Pacific Corporation (the Company) announced that Jennifer L. Hamann plans to retire as Executive Vice President and Chief Financial Officer effective in early 2027. Until Ms. Hamann's retirement, she will continue to maintain her current responsibilities in her role as Executive Vice President and Chief Financial Officer.
The Company will announce additional details about this transition in the future.
Item 7.01 Regulation FD Disclosure.
The Company issued a press release regarding the retirement of Ms. Hamann as Executive Vice President and Chief Financial Officer effective in early 2027, which is furnished as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
99.1
Press Release of Union Pacific Corporation, dated October 16, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).




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.
Dated: October 16, 2026
UNION PACIFIC CORPORATION
By:/s/ Christina B. Conlin
Christina B. Conlin
Executive Vice President, Chief Legal Officer, and
Corporate Secretary


Exhibit 99.1

Union Pacific Chief Financial Officer Jennifer Hamann to Retire After 35 Years of Service

Longtime executive leaves legacy of financial leadership, mentorship and service


OMAHA, Neb., Oct. 16, 2026 – Union Pacific Railroad today announced Executive Vice President and Chief Financial Officer Jennifer Hamann will retire in early 2027, concluding a remarkable 35-year career that helped shape the railroad through decades of growth, transformation and industry leadership.

Hamann's career reflects the very best of Union Pacific: a deep commitment to service, a willingness to embrace new challenges and an unwavering focus on creating long-term value for customers, employees, communities and shareholders. She joined Union Pacific in 1992 as a member of the company's audit staff and steadily rose through the organization, serving in leadership roles across Finance, Human Resources, Marketing and Sales, Investor Relations and Corporate Audit before being named chief financial officer in January 2020.

Over the course of her career, Hamann became one of the railroad industry's most respected financial leaders, guiding Union Pacific through periods of significant change, including the COVID-19 pandemic and major operational transformation efforts. She played a key leadership role in strengthening the company's balance sheet, enhancing capital allocation strategies and maintaining Union Pacific's position as an industry leader in financial performance. Just as important was Hamann’s ability to build relationships, inspiring her team and establishing trust with investors. She became the first woman to serve as Union Pacific's chief financial officer and was recognized with a Women MAKE Award for her leadership and contributions to the manufacturing and transportation industries.

Hamann championed employee development and inclusion, serving as executive sponsor of LEAD, Union Pacific’s women's employee resource group, helping foster opportunities for future generations of railroaders. She was also a fierce advocate for fighting breast cancer, leading fundraising efforts at Union Pacific for Susan G. Komen’s Race for the Cure. Her leadership extended beyond Union Pacific through service on several corporate and industry boards, including TTX Company, Grupo Ferroviario Mexicano and Steel Dynamics.

“For 35 years, she led with integrity and heart, guiding our finances through historic challenges, executing our strategy, mentoring future leaders and representing Union Pacific across the industry,” said Jim Vena, Chief Executive Officer. “Jennifer was tough – she never said yes, unless she believed it was the right thing to do for Union Pacific. She made this railroad stronger, and her contributions will be felt for generations. I am deeply grateful for her leadership and friendship.”

Known for her collaborative and thoughtful leadership style, Hamann was respected for standing her ground when she believed in something. She pushed her team and developed leaders to be the best. She often credits the pride and dedication of Union Pacific employees as a driving force behind the railroad's success.




“It’s been my honor to serve and represent Union Pacific as its CFO,” said Hamann. “I am grateful for all who supported me along the way – my family, friends and the Union Pacific family I’ve worked alongside for nearly 35 years. Becoming the nation’s first transcontinental railroad is the exciting chapter ahead. I remain an ardent supporter of the merger and with Jim and team leading the way, I’m confident of our success.”

The company will announce succession plans at a later date.



ABOUT UNION PACIFIC
Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.

Union Pacific Media Contact: Kristen South at media@up.com
www.up.com
www.facebook.com/unionpacific
www.twitter.com/unionpacific


Filing Exhibits & Attachments

4 documents

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