---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-152995"
form_type: "8-K"
ticker: "TRGP"
cik: "0001389170"
company_name: "Targa Resources Corp."
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T15:49:46.887558+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-23-152995
- form_type: 8-K
- ticker: TRGP
- cik: 0001389170
- company_name: Targa Resources Corp.
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389170/000119312523152995/0001193125-23-152995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389170/000119312523152995/d471075d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-152995
- JSON: https://secwatch.observer/filing/0001193125-23-152995.json
- Plain text: https://secwatch.observer/filing/0001193125-23-152995.txt

## Key facts
- Shareholder Votes
  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
  source text: Targa Resources Corp. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 23, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389170/000119312523152995/0001193125-23-152995-index.htm
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389170/000119312523152995/0001193125-23-152995-index.htm
- Shareholder Votes
  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
  source text: The stockholder proposal requesting that the Company issue a report assessing policy options related to venting and flaring was not approved.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389170/000119312523152995/0001193125-23-152995-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.