Targa Resources 2023 annual meeting: directors elected, say-on-pay approved, flaring proposal rejected

Targa Resources Corp.

Shareholders elected Paul W. Chung, Charles R. Crisp, and Laura C. Fulton as Class I directors; each received >148M for votes.
Advisory vote on executive compensation approved with ~180.7M for vs 7.6M against.
Advisory frequency vote resulted in annual say-on-pay; Board commits to annual vote.
PricewaterhouseCoopers LLP ratified as independent auditor with ~200.3M for.
Stockholder proposal on venting/flaring policy report defeated (76.3M for, 109.4M against).

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Targa Resources Corp. shareholders approved Elect three Class I Directors to serve on the Board for a term expiring at 2026 Annual Meeting at the 2023-05-23 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-23

Exact text from the filing

Targa Resources Corp. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 23, 2023.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Targa Resources Corp. shareholders approved Approve, on an advisory basis, the frequency of future advisory votes to approve executive compensation (every 3, 2, or 1 year) at the 2023-05-23 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-05-23

Exact text from the filing

The Board proposal regarding the frequency of future advisory votes to approve the compensation of the Company’s named executive officers every three years, every two years, or every year, was approved for every year.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Targa Resources Corp. shareholders rejected Stockholder proposal requesting that the Company issue a report assessing policy options related to venting and flaring at the 2023-05-23 meeting.

Outcome: failed
Meeting: 2023-05-23

Exact text from the filing

The stockholder proposal requesting that the Company issue a report assessing policy options related to venting and flaring was not approved.

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58 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Targa Resources Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-152995

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