other material
confidence high
sentiment negative
materiality 0.15
Marathon Petroleum shareholders reelect directors, reject board declassification and supermajority removal
Marathon Petroleum Corp
- Maryann T. Mannen, Eileen P. Paterson, J. Michael Stice, John P. Surma elected board directors with >90% of votes cast.
- Ratification of PricewaterhouseCoopers as independent auditor for 2026 passed with 254.4M votes for.
- Advisory say-on-pay on named executive officer compensation approved with 202.1M votes for.
- Board declassification amendment failed; received 206.1M votes for but required 80% of 294.5M outstanding shares.
- Supermajority elimination amendment also failed, receiving 205.8M votes for, short of 80% threshold.