secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001510295-25-000035
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Petroleum 2025 annual meeting; declassification and supermajority repeal fail
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029525000035/0001510295-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029525000035/mpc-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001510295-25-000035

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