Exxon Mobil Corporation (NYSE:XOM) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders
(a)
ExxonMobil held its Annual Meeting of Shareholders on May 31, 2017,
at which the matters set forth below in response to Item 5.07(b)
were submitted to a vote of security holders. Percentages are based
on the total votes cast. Under the corporate law of New Jersey,
where ExxonMobil is incorporated, abstentions are not votes cast.
(b)
The shareholders elected each of the Board’s eleven director
nominees as set forth below:
|
Nominees |
Votes Cast For |
% For |
Votes Withheld |
Broker Non-Votes |
|
|
Susan K. Avery |
2,716,814,951 |
98.5 |
42,739,700 |
872,741,998 |
|
|
Michael J. Boskin |
2,635,099,386 |
95.5 |
124,451,237 |
872,741,998 |
|
|
Angela F. Braly |
2,701,529,091 |
97.9 |
58,016,635 |
872,741,998 |
|
|
Ursula M. Burns |
2,709,078,231 |
98.2 |
50,465,534 |
872,741,998 |
|
|
Henrietta H. Fore |
2,660,532,672 |
96.4 |
99,021,114 |
872,741,998 |
|
|
Kenneth C. Frazier |
2,000,271,324 |
72.5 |
759,284,464 |
872,741,998 |
|
|
Douglas R. Oberhelman |
2,711,912,273 |
98.3 |
47,628,124 |
872,741,998 |
|
|
Samuel J. Palmisano |
2,642,950,437 |
95.8 |
116,588,365 |
872,741,998 |
|
|
Steven S Reinemund |
2,158,150,103 |
78.2 |
601,404,705 |
872,741,998 |
|
|
William C. Weldon |
2,663,715,107 |
96.5 |
95,840,083 |
872,741,998 |
|
|
Darren W. Woods |
2,639,128,189 |
95.6 |
120,428,210 |
872,741,998 |
The shareholders voted as set forth below on three management
proposals:
Ratification of Independent Auditors:
|
Votes Cast For: |
3,546,882,671 |
98.2% |
||
|
Votes Cast Against: |
65,046,308 |
1.8% |
||
|
Abstentions: |
20,217,475 |
|||
|
Broker Non-Votes: |
|
Advisory Vote to Approve Executive Compensation:
|
Votes Cast For: |
1,868,351,125 |
68.5% |
||
|
Votes Cast Against: |
859,270,572 |
31.5% |
||
|
Abstentions: |
31,917,568 |
|||
|
Broker Non-Votes: |
872,741,998 |
Frequency of Advisory Vote on Executive
Compensation:
|
Votes Cast for 1 Year: |
2,414,661,290 |
88.2% |
||
|
Votes Cast for 2 Years: |
20,404,158 |
0.8% |
||
|
Votes Cast for 3 Years: |
302,037,602 |
11.0% |
||
|
Abstentions: |
22,367,498 |
|||
|
Broker Non-Votes: |
872,741,998 |
– 2 –
The shareholders voted as set forth below on nine shareholder
proposals:
Independent Chairman:
|
Votes Cast For: |
1,046,894,002 |
38.3% |
||
|
Votes Cast Against: |
1,685,240,603 |
61.7% |
||
|
Abstentions: |
27,341,560 |
|||
|
Broker Non-Votes: |
872,741,998 |
Majority Vote for Directors:
|
Votes Cast For: |
1,250,287,504 |
45.8% |
||
|
Votes Cast Against: |
1,478,003,257 |
54.2% |
||
|
Abstentions: |
31,184,806 |
|||
|
Broker Non-Votes: |
872,741,998 |
Special Shareholder Meetings:
|
Votes Cast For: |
1,092,151,788 |
40.1% |
||
|
Votes Cast Against: |
1,630,409,441 |
59.9% |
||
|
Abstentions: |
36,920,873 |
|||
|
Broker Non-Votes: |
872,741,998 |
Restrict Precatory Proposals:
|
Votes Cast For: |
42,236,692 |
1.6% |
||
|
Votes Cast Against: |
2,680,700,324 |
98.4% |
||
|
Abstentions: |
36,525,004 |
|||
|
Broker Non-Votes: |
872,741,998 |
Report on Compensation for Women:
|
Votes Cast For: |
211,703,584 |
7.9% |
||
|
Votes Cast Against: |
2,461,189,465 |
92.1% |
||
|
Abstentions: |
86,606,856 |
|||
|
Broker Non-Votes: |
872,741,998 |
Report on Lobbying:
|
Votes Cast For: |
749,907,049 |
27.5% |
||
|
Votes Cast Against: |
1,972,541,558 |
72.5% |
||
|
Abstentions: |
37,048,522 |
|||
|
Broker Non-Votes: |
872,741,998 |
Increase Capital Distributions in Lieu of
Investment:
|
Votes Cast For: |
103,502,343 |
3.8% |
||
|
Votes Cast Against: |
2,609,747,605 |
96.2% |
||
|
Abstentions: |
46,248,456 |
|||
|
Broker Non-Votes: |
872,741,998 |
– 3 –
Report on Impacts of Climate Change Policies:
|
Votes Cast For: |
1,673,974,439 |
62.1% |
||
|
Votes Cast Against: |
1,020,603,226 |
37.9% |
||
|
Abstentions: |
64,926,757 |
|||
|
Broker Non-Votes: |
872,741,998 |
Report on Methane Emissions:
|
Votes Cast For: |
1,042,362,479 |
38.7% |
||
|
Votes Cast Against: |
1,651,596,600 |
61.3% |
||
|
Abstentions: |
65,537,658 |
|||
|
Broker Non-Votes: |
872,741,998 |
(d)
ExxonMobil will include an advisory vote on executive
compensation in its proxy materials annually until the next
required vote on the frequency of shareholder votes on the
compensation of executives.
– 4 –
About Exxon Mobil Corporation (NYSE:XOM)
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products. The Company operates through the Upstream, Downstream, Chemical, and Corporate and Financing segments. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream segment operates to manufacture and sell petroleum products. The Chemical segment operates to manufacture and sell petrochemicals. The Company’s projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, the Barzan project, the Arkutun-Dagi project, and the Upper Zakum 750 project, among others.