Union Pacific Investors Reject Resolutions

By: Associated Press Email
By: Associated Press Email

Union Pacific investors have rejected shareholder proposals that dealt with executive ownership of the railroad's stock and the company's lobbying.

The Omaha-based railroad disclosed the results of the
shareholder voting on Friday. Union Pacific's annual meeting was
held Thursday in Salt Lake City, Utah.

Both of the resolutions attracted the support of less than one-third of the shareholders voting. UP's board opposed both measures.

One proposal would have recommended the railroad's executives be
required to retain at least 25 percent of the stock they receive
from the company until a year after they stop working at Union
Pacific.

The other proposal would have required Union Pacific to disclose
additional information about its political contributions and
lobbying.


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