secwatch.observer — SEC 8-K summary
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Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001193125-23-143600
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Phillips 66 shareholders elect all 5 director nominees, reject board declassification
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- Gregory J. Hayes, Charles M. Holley, Denise R. Singleton, Glenn F. Tilton, Marna C. Whittington elected as Class II directors.
- Board declassification proposal failed (336.8M for; needed 80% of outstanding shares).
- Advisory say-on-pay approved with 313.7M votes for, 25.4M against.
- Ratification of Ernst & Young as auditor approved overwhelmingly (396.9M for).
- Shareholder proposal for an audited climate impact report on chemicals rejected (39.7M for, 298.0M against).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000119312523143600/0001193125-23-143600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000119312523143600/d478583d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-143600

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer