Universal Logistics Enhances Governance, Retires Shares, Declares Dividend

Universal Logistics (ULH) has released an update.

On February 14, 2024, the Board of Directors updated the company bylaws to streamline shareholder meetings, allow for virtual gatherings, and revise proxy solicitation rules in line with SEC regulations. The same day, they decided to retire treasury shares, leaving 26,304,223 common shares issued and outstanding with no financial impact on shareholders’ equity. Additionally, the following day, a dividend of $0.105 per share was announced, payable to shareholders on record as of March 4, 2024.

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