Kevin Warsh exits UPS (UPS) board after U.S. Senate confirms him as Fed chair
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
United Parcel Service, Inc. reported that director Kevin M. Warsh has resigned from its Board of Directors. He had previously said he would step down if confirmed by the U.S. Senate as Chairman of the Board of Governors of the Federal Reserve System, and his resignation became automatically effective upon that confirmation. The company states that his decision to resign was not due to any disagreement with UPS regarding its operations, policies, or practices.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
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.
Key Figures
Event date: May 13, 2026
Class B common stock: Par value $0.01 per share
Senior Notes 2028: 1% Senior Notes due 2028
+1 more
4 metrics
Event date
May 13, 2026
Date Kevin M. Warsh was confirmed as Federal Reserve Board Chairman
Class B common stock
Par value $0.01 per share
UPS Class B common stock listed on NYSE
Senior Notes 2028
1% Senior Notes due 2028
UPS debt security listed on NYSE
Senior Notes 2032
1.500% Senior Notes due 2032
UPS debt security listed on NYSE
Key Terms
Item 5.02, Emerging growth company, Class B common stock, Senior Notes, +1 more
5 terms
Item 5.02 regulatory
"Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers"
Emerging growth company regulatory
"Emerging growth company."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Class B common stock financial
"Class B common stock, par value $0.01 per share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Senior Notes financial
"1% Senior Notes due 2028 | UPS28 | New York Stock Exchange 1.500% Senior Notes due 2032"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
Board of Governors of the Federal Reserve System regulatory
"serve as Chairman of the Board of Governors of the Federal Reserve System"
A seven-member federal agency that leads the U.S. central bank system and sets key interest rates and rules for banks, acting like the steering committee that guides the country’s money supply and financial stability. Investors watch its decisions because changes in interest rates and bank rules affect borrowing costs, corporate profits, stock valuations and overall market confidence, similar to how a change in road signals alters traffic flow and travel times.
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): May 13, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(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 | ||||||||||||
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.
As previously disclosed in a Current Report on Form 8‑K filed by United Parcel Service, Inc. (the “Company”) on February 6, 2026, Kevin M. Warsh had advised the Company that he would resign from the Board of Directors (the “Board”) of the Company if and when he was confirmed by the United States Senate to serve as Chairman of the Board of Governors of the Federal Reserve System. Mr. Warsh was confirmed to that position on May 13, 2026, and his resignation was automatically effective upon such confirmation.
Mr. Warsh’s decision was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
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.
| UNITED PARCEL SERVICE, INC. | |||||||||||||||||||||||
| Date: | May 13, 2026 | By: | /s/ NORMAN M. BROTHERS, JR. | ||||||||||||||||||||
| Name: Norman M. Brothers, Jr. | |||||||||||||||||||||||
| Title: Executive Vice President, Chief Legal and Compliance Officer | |||||||||||||||||||||||
FAQ
Why did Kevin M. Warsh resign from the UPS (UPS) Board of Directors?
Kevin M. Warsh resigned from the UPS Board because he was confirmed as Chairman of the Board of Governors of the Federal Reserve System. His resignation was automatic upon confirmation and followed prior notice that he would step down if appointed to that role.
Was Kevin M. Warsh’s resignation from the UPS (UPS) Board due to a disagreement?
UPS states that Kevin M. Warsh’s decision to resign from the Board was not due to any disagreement with the company. This includes no disagreement regarding UPS’s operations, policies, or practices as described in the report.
When did Kevin M. Warsh’s resignation from the UPS (UPS) Board become effective?
Kevin M. Warsh’s resignation became effective automatically when he was confirmed by the United States Senate as Chairman of the Board of Governors of the Federal Reserve System. The confirmation occurred on May 13, 2026, triggering his previously announced resignation.
What SEC item covers the UPS (UPS) disclosure about the director resignation?
The disclosure about Kevin M. Warsh’s resignation is reported under Item 5.02. This SEC item covers departures of directors or certain officers, elections of directors, appointments of certain officers, and related compensatory arrangements.
Which UPS (UPS) securities are listed in this report as registered on the NYSE?
The report lists UPS Class B common stock with a par value of $0.01 per share, 1% Senior Notes due 2028, and 1.500% Senior Notes due 2032. All are identified as being listed on the New York Stock Exchange.