Targa Resources adopts amended bylaws with proxy access and Rule 14a-19 updates

Targa Resources Corp.

Proxy access allows stockholders owning ≥3% of shares for ≥3 years to nominate up to 20% of directors.
Revised nomination procedures to comply with SEC Rule 14a-19 (universal proxy) and advance notice requirements.
Chairman of the meeting granted explicit power to postpone meetings and set procedural rules.
Updated indemnification and insurance provisions in line with market practice.
Other administrative, modernizing, and clarifying changes to bylaws.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Targa Resources Corp.: Adopted Third Amended and Restated Bylaws with revisions to director nomination procedures, proxy access, meeting rules, indemnification, and other updates (effective 2023-12-07).

Change: bylaw amendment
Effective: 2023-12-07

Exact text from the filing

On December 7, 2023, the Board of Directors (the “Board”) of Targa Resources Corp. (the “Company”) approved the Company’s Third Amended and Restated Bylaws (the “Third Amended and Restated Bylaws”), effective as of such date.

View on SEC.gov

13 governance changes filed in the last 30 days. Browse all governance changes →

Targa Resources Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-293420

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.