Universal Health Services (UHS) AGM 2025 summary

Opening remarks and agenda

• The meeting was conducted virtually, with all directors, officers, auditors, and transfer agents introduced and present for participation.

• The agenda included director elections, auditor ratification, and a shareholder proposal on annual director elections.

• Procedures for voting and Q&A were outlined, with stockholders able to submit questions via the web portal.

Board and executive committee updates

• Directors and officers were formally introduced, including the executive chairman, CEO, and other board members.

• The board's position on each proposal was referenced as set forth in the proxy statement.

Shareholder proposals

• A shareholder proposal was presented to require annual election of each director, citing governance concerns and referencing prior majority support from non-insider shares.

• The proposal highlighted issues with the company's classified board and disproportionate insider voting power.

• The board recommended a vote against the proposal, as detailed in the proxy statement.