secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001510295-23-000042
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MPC shareholders approve board size increase to 15; declassification and supermajority elimination fail
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- Shareholders approved increasing max board size from 12 to 15; Certificate of Amendment filed.
- Board declassification proposal failed to reach required 80% supermajority vote.
- Proposal to eliminate supermajority provisions also failed to reach 80% threshold.
- Advisory vote on executive compensation passed with ~92% of votes cast in favor.
- Shareholder proposal for simple majority vote passed (advisory); clawback and ESG proposals did not.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000042/0001510295-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000042/mpc-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001510295-23-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer