other material
confidence high
sentiment neutral
materiality 0.15
Marathon Petroleum 2025 annual meeting; declassification and supermajority repeal fail
Marathon Petroleum Corp
- All four Class II directors elected with >197M votes each; 52.9M broker non-votes.
- Auditor ratification and advisory say-on-pay approved (262M for, 3.1M against; 198M for, 14M against).
- Board declassification amendment failed; 210.4M for (67.5% of outstanding) but required 80%.
- Supermajority elimination amendment also failed; 210.1M for vs needed 80%.
- Shareholder proposal for simple majority vote defeated: 102.8M for, 109.0M against.