8-K
filed May 17, 2024, 7:59 PM ET
ticker PSX
CIK 0001534701
other
confidence high
sentiment neutral
materiality 0.15
Phillips 66 shareholders elect four Class III directors and approve advisory compensation
Phillips 66
- Directors Julie L. Bushman, Lisa A. Davis, Mark E. Lashier, Douglas T. Terreson elected with over 89% of votes cast.
- Advisory vote on executive compensation approved with 93% of votes cast in favor.
- Ratification of Ernst & Young as independent auditor for 2024 approved with 98.6% of votes cast.
- Shareholder proposal on System Change Scenario for Chemicals business failed with 88% of votes cast against.
- Over 424 million shares outstanding and entitled to vote as of March 20, 2024 record date.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Phillips 66 shareholders approved Election of Lisa A. Davis as Class III director at the 2024-05-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Davis 279,747,731 30,209,350 1,301,309 59,418,965 Mark E. Lashier 280,350,593 29,626,149 1,281,648 59,418,965 Douglas T.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Phillips 66 shareholders approved Election of Julie L. Bushman as Class III director at the 2024-05-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Bushman 284,074,332 25,850,333 1,333,725 59,418,965 Lisa A. Davis 279,747,731 30,209,350 1,301,309 59,418,965 Mark E.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Phillips 66 shareholders approved Advisory vote to approve executive compensation at the 2024-05-15 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal to approve, on an advisory basis, executive compensation. The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, by the following votes: Voted For Voted Against Abstentions Broker Non-Votes 288,566,492 20,573,008 2,118,890 59,418,965
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Phillips 66 shareholders approved Election of Douglas T. Terreson as Class III director at the 2024-05-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Terreson 288,129,833 21,775,054 1,353,503 59,418,965 2. Proposal to approve, on an advisory basis, executive compensation.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Phillips 66 shareholders rejected Shareholder proposal requesting a report analyzing the impact of the System Change Scenario on the Chemicals business at the 2024-05-15 meeting.
- Outcome
- failed
- Meeting
- 2024-05-15
Exact text from the filing
Shareholder proposal requesting a report analyzing the impact of the System Change Scenario on the Chemicals business. The shareholder proposal requesting a report analyzing the impact of the System Change Scenario on the Chemicals business was not approved, based on the following votes: Voted For Voted Against Abstentions Broker Non-Votes 36,181,887 271,765,922 3,310,581 59,418,965
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Phillips 66 shareholders approved Election of Mark E. Lashier as Class III director at the 2024-05-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Lashier 280,350,593 29,626,149 1,281,648 59,418,965 Douglas T. Terreson 288,129,833 21,775,054 1,353,503 59,418,965 2.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Phillips 66 shareholders approved Ratify appointment of Ernst & Young LLP as independent auditor at the 2024-05-15 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm. The shareholders approved the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2024, by the following votes: Voted For Voted Against Abstentions 365,557,145 4,253,214 866,996
View on SEC.gov
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