Marathon Petroleum Corporation (NYSE:MPC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
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Submission of Matters to a Vote of Security Holders.
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Corporation (the Corporation) was held on April 26, 2017. The
following are the voting results on proposals considered and voted
upon at the meeting.
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1.
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ELECTION OF CLASS III DIRECTORS
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Michael Stice and John P. Surma as Class III directors, to serve
terms expiring on the date of the 2020 Annual Meeting, by the
following votes:
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NOMINEE
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER
NON-VOTES
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Steven A. Davis
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382,455,746
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4,363,478
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559,566
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54,997,912
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Gary R. Heminger
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361,886,316
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22,822,613
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2,669,861
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54,997,912
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J. Michael Stice
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383,650,111
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3,169,633
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559,046
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54,997,912
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John P. Surma
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377,915,973
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8,914,720
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548,097
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54,997,912
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2.
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RATIFICATION OF INDEPENDENT AUDITOR FOR 2017
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LLP as the Corporations independent auditor for the year ending
December 31, 2017 by the following votes:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER
NON-VOTES
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|||||
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438,413,042
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3,055,891
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907,769
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–
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3.
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ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER
COMPENSATION |
of the Corporations named executive officers by the following
votes:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER
NON-VOTES
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||||||
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358,174,081
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27,902,814
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1,301,895
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54,997,912
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4.
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APPROVAL OF MATERIAL TERMS FOR QUALIFIED
PERFORMANCE-BASED COMPENSATION UNDER THE AMENDED AND RESTATED MARATHON PETROLEUM CORPORATION 2012 INCENTIVE COMPENSATION PLAN |
material terms for qualified performance-based compensation under
the Amended and Restated Marathon Petroleum Corporation 2012
Incentive Compensation Plan by the following votes:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER
NON-VOTES
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372,658,577
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13,355,277
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1,364,936
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54,997,912
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5.
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SHAREHOLDER PROPOSAL
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diligence process used to identify and address environmental and
social risks, including Indigenous rights risk, in reviewing
potential acquisitions was not approved based on the following
votes:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER
NON-VOTES
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124,100,921
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227,983,087
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35,294,782
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54,997,912
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6.
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SHAREHOLDER PROPOSAL
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strategy to align its business plan with the 2-degree goal of the
Paris Agreement was not approved based on the following votes:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER
NON-VOTES
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152,790,038
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220,877,752
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13,711,000
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54,997,912
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7.
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SHAREHOLDER PROPOSAL
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necessary steps to eliminate each voting requirement in the
Corporation’s charter and bylaws that call for a greater than
simple majority vote, and replace them with a requirement for a
majority of the votes cast for and against applicable proposals, or
a simple majority vote in compliance with applicable laws, was
approved based on the following votes:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER
NON-VOTES
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279,751,402
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105,425,908
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2,201,480
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54,997,912
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About Marathon Petroleum Corporation (NYSE:MPC)
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products. It sells refined products to wholesale marketing customers domestically and internationally, buyers on the spot market, its Speedway business segment and to independent entrepreneurs operating Marathon retail outlets. The Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast. The Midstream segment gathers, processes and transports natural gas, and transports and stores crude oil and refined products. Marathon Petroleum Corporation (NYSE:MPC) Recent Trading Information
Marathon Petroleum Corporation (NYSE:MPC) closed its last trading session up +0.09 at 51.03 with 3,648,520 shares trading hands.
