8-K 1 unp-20150515x8k.htm 8-K 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 15, 2015 (May 14, 2015) Union Pacific Corporation (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Employer of Incorporation) File Number) 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)) -------------------------------------------------------------------------------- Item 5.07 Submission of Matters to a Vote of Security Holders. Union Pacific Corporation (the Company) held its Annual Meeting of Shareholders on May 14, 2015, in Salt Lake City, Utah (the Meeting). Of the 878,780,791 shares outstanding and entitled to vote at the Meeting, 761,841,763 shares were present at the Meeting in person or by proxy, constituting a quorum of approximately 87%. The shareholders of the Company’s common stock considered and voted upon five proposals at the Meeting. Proposal 1 – Election of Directors The holders of the common stock of the Company elected each of the following directors to serve a term of one year, ending at the time of the next Annual Meeting of Shareholders in 2016 (or until a successor is elected) pursuant to the By-Laws of the Company and the applicable laws of the State of Utah: Name Votes For Votes Against Abstentions Broker Non-Votes Andrew H. Card, Jr. 672,024,301 2,843,255 2,417,425 84,556,562 Erroll B. Davis, Jr. 668,721,164 6,141,785 2,422,250 84,556,562 David B. Dillon 671,960,594 2,875,138 2,449,468 84,556,562 Lance M. Fritz 670,905,432 4,040,536 2,338,698 84,556,562 Judith Richards Hope 662,927,474 11,960,526 2,395,832 84,556,562 John J. Koraleski 669,202,746 5,768,857 2,312,228 84,556,562 Charles C. Krulak 669,237,095 5,621,917 2,425,970 84,556,562 Michael R. McCarthy 672,577,033 2,269,622 2,438,544 84,556,562 Michael W. McConnell 666,207,605 8,589,706 2,487,888 84,556,562 Thomas F. McLarty III 672,344,456 2,489,505 2,451,020 84,556,562 Steven R. Rogel 663,625,280 10,144,853 3,515,067 84,556,562 Jose H. Villarreal 671,929,791 2,914,806 2,440,602 84,556,562 Proposal 2 – Ratification of Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for the Year Ending December 31, 2015 The holders of the Company’s common stock voted for the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2015 by the following count: Votes For Votes Against Abstentions Broker Non-Votes 749,456,126 9,851,232 2,521,342 10,443 -------------------------------------------------------------------------------- Proposal 3 – Advisory Vote on Executive Compensation (“Say on Pay”) The holders of the Company’s common stock approved, on an advisory (non-binding) basis, the compensation of the Company’s Named Executive Officers, by the following count: Votes For Votes Against Abstentions Broker Non-Votes 645,917,596 27,105,753 4,261,837 84,556,562 Proposal 4 – Shareholder Proposal Regarding Executives to Retain Significant Stock A shareholder of the Company submitted a proposal requesting that the Compensation and Benefits Committee adopt a policy requiring senior executives to retain a significant percentage of stock acquired through equity compensation programs until the retirement age of 60. The holders of the Company’s common stock voted against Proposal 4 by the following count: Votes For Votes Against Abstentions Broker Non-Votes 163,599,387 507,557,433 6,138,805 84,546,119 Proposal 5 – Shareholder Proposal Regarding Independent Chairman A shareholder of the Company submitted a proposal requesting that the Board of Directors adopt a policy that the Chairman of the Board of Directors shall be an independent director who is not a current or former employee of the Company, and whose only nontrivial professional, familial or financial connection to the Company or its CEO is the directorship. The holders of the Company’s common stock voted against Proposal 5 by the following count: Votes For Votes Against Abstentions Broker Non-Votes 281,063,583 390,223,415 6,011,391 84,543,372 -------------------------------------------------------------------------------- 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: May 15, 2015 UNION PACIFIC CORPORATION By: /s/ James J. Theisen, Jr. James J. Theisen, Jr. Associate General Counsel and Assistant Secretary --------------------------------------------------------------------------------