other material
confidence high
sentiment neutral
materiality 0.25
Marathon Petroleum shareholders approve forum change; declassification, supermajority fail
Marathon Petroleum Corp
- Elected Class II directors Bayh, Bunch, Galante, Rucker; each received >326M votes for.
- Amendment to exclusive forum provision passed with ~347M for (~50% of outstanding).
- Board declassification proposal failed (needed 80% of outstanding; ~395M for but only ~72%).
- Supermajority elimination proposal also failed (needed 80%; ~395M for).
- All three shareholder proposals (special meeting, clawback, just transition) rejected.