---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-293420"
form_type: "8-K"
ticker: "TRGP"
cik: "0001389170"
company_name: "Targa Resources Corp."
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:04:59.570448+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-293420
- form_type: 8-K
- ticker: TRGP
- cik: 0001389170
- company_name: Targa Resources Corp.
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389170/000119312523293420/0001193125-23-293420-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389170/000119312523293420/d583397d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-293420
- JSON: https://secwatch.observer/filing/0001193125-23-293420.json
- Plain text: https://secwatch.observer/filing/0001193125-23-293420.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389170/000119312523293420/0001193125-23-293420-index.htm

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