OCCIDENTAL PETROLEUM CORPORATION (NYSE:OXY) Files An 8-K Submission of Matters to a Vote of Security Holders
Submission of Matters to a Vote of Security
Occidental Petroleum Corporation (the Company) held its 2017
Annual Meeting of Stockholders on May12, 2017 (the Annual
Meeting). The following actions were taken at the Annual Meeting,
for which proxies were solicited to Regulation 14A under the
Securities Exchange Act of 1934, as amended, and the final number
of votes cast for, against or withheld, and broker non-votes for
each matter are set forth below:
The eleven nominees proposed by the Board of Directors were
elected by the following votes:
Howard I. Atkins
Eugene L. Batchelder
John E. Feick
Margaret M. Foran
Carlos M. Gutierrez
William R. Klesse
Jack B. Moore
Avedick B. Poladian
Elisse B. Walter
The advisory vote approving executive compensation was
approved. The proposal received 495,163,616 votes for;
100,466,920 votes against; 3,189,195 abstentions and
77,068,860 broker non-votes.
The result of the advisory vote on the frequency of future
advisory votes approving executive compensation was as
follows: 534,825,237 votes for 1 year; 1,108,631 votes for 2
years; 61,192,777 votes for 3 years and 1,693,086
abstentions. With respect to the foregoing proposal, the
option to hold future advisory votes every one year received
a majority of the votes cast at the Annual Meeting. Based on
these results, the Companys Board of Directors intends to
continue to hold an advisory vote on executive compensation
every one year.
The ratification of the selection of KPMG LLP as independent
auditors was approved. The proposal received 665,275,360
votes for; 9,175,812 votes against and 1,437,419 abstentions.
The stockholder proposal regarding a climate change impact
assessment was approved. The proposal received 393,405,828
votes for; 191,122,764 votes against; 14,291,139 abstentions
and 77,068,860 broker non-votes.
The stockholder proposal regarding a lowering of the
threshold to call special shareowner meetings was not
approved. The proposal received 265,874,648 votes for;
326,404,927 votes against; 6,540,156 abstentions and
77,068,860 broker non-votes.
The stockholder proposal regarding a report on methane
emissions and flaring was not approved. The proposal received
253,616,104 votes for; 300,442,957 votes against; 44,760,670
abstentions and 77,068,860 broker non-votes.
The stockholder proposal regarding a report on political
contributions and expenditures was not approved. The proposal
received 45,959,661 votes for; 539,589,287 votes against;
13,270,783 abstentions and 77,068,860 broker non-votes.
About OCCIDENTAL PETROLEUM CORPORATION (NYSE:OXY)
Occidental Petroleum Corporation is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas. The OxyChem segment manufactures and markets basic chemicals and vinyls. OxyChem owns and operates manufacturing plants at approximately 20 domestic sites in Alabama, Georgia, Illinois, Kansas, Louisiana, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee and Texas, and at two international sites in Canada and Chile. The midstream and marketing segment gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity. Additionally, the midstream and marketing segment invests in entities that conduct similar activities. OCCIDENTAL PETROLEUM CORPORATION (NYSE:OXY) Recent Trading Information
OCCIDENTAL PETROLEUM CORPORATION (NYSE:OXY) closed its last trading session up +0.02 at 60.29 with 4,053,482 shares trading hands.