--- schema_version: "secwatch.filing_event.v1" accession: "0001573516-26-000137" form_type: "8-K" ticker: "MUSA" cik: "0001573516" company_name: "Murphy USA Inc." filed_at: "2026-05-11T20:42:13+00:00" generated_at: "2026-05-11T20:43:49.564850+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.25 calibrated_materiality_score: 0.25 confidence: "high" source: SEC EDGAR --- # Murphy USA shareholders approve board declassification and 25% special-meeting right ## Summary - Board declassification phased over 3 years; all directors will stand for annual election starting 2029. - Shareholders with 25% or more voting power may call special meetings (Proposal 5: 14.27M for, 0.21M against). - Stockholder proposal to reduce special-meeting threshold was rejected (5.23M for, 10.14M against). - All four Class I director nominees elected with >15M votes each; auditor KPMG ratified (16.63M for). - Advisory vote on executive compensation passed with 15.05M for, 0.32M against. ## SEC filing metadata - accession: 0001573516-26-000137 - form_type: 8-K - ticker: MUSA - cik: 0001573516 - company_name: Murphy USA Inc. - filed_at: 2026-05-11T20:42:13+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.25 - calibrated_materiality_score: 0.25 - confidence: high - sec_items: 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/0001573516-26-000137-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/musa-20260507.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001573516-26-000137 - JSON: https://secwatch.observer/filing/0001573516-26-000137.json - Plain text: https://secwatch.observer/filing/0001573516-26-000137.txt ## Key facts - Governance Changes Murphy USA Inc.: Amend Article 6 of Certificate of Incorporation to phase-out classified board structure over three years and provide for annual election of directors (effective 2026-05-07). - Change: charter amendment - Effective: 2026-05-07 source text: approved amendments to the Company’s restated certificate of incorporation evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/0001573516-26-000137-index.htm - Governance Changes Murphy USA Inc.: Amend Article 7(B) of Certificate of Incorporation to allow stockholders owning 25% or more of voting power to call special meetings (effective 2026-05-07). - Change: charter amendment - Effective: 2026-05-07 source text: Amend Article 7(B) of the Certificate of Incorporation to allow stockholders owning 25% or more of the voting power of our outstanding common stock entitled to vote to call a special meeting of the stockholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/0001573516-26-000137-index.htm - Shareholder Votes Murphy USA Inc. shareholders approved Approval of Executive Compensation on an Advisory, Non-Binding Basis at the 2026-05-07 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2026-05-07 source text: Proposal 3. Stockholders approved, on an advisory, non-binding basis, the compensation of the Company's named executive officers ("NEOs"), as disclosed pursuant to Item 402 of Regulation S-K and contained in the 2026 Proxy Statement, including the Compensation Discussion and Analysis, compensation tables, accompanying footnotes and narrative discussion. For Against Abstain Broker Non-Votes Approval of Executive Compensation on an Advisory, Non-Binding Basis 15,049,237 320,253 32,529 1,293,744 evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/0001573516-26-000137-index.htm - Shareholder Votes Murphy USA Inc. shareholders rejected Stockholder Proposal - Give Shareholders the Ability to Call for a Special Shareholder Meeting at the 2026-05-07 meeting. - Outcome: failed - Meeting: 2026-05-07 source text: Proposal 6. Stockholder proposal - give shareholders the ability to call for a special shareholder meeting. Stockholders rejected a stockholder proposal regarding giving shareholders the ability to call for a special shareholder meeting as follows: For Against Abstain Broker Non-Votes Stockholder Proposal - Give Shareholders the Ability to Call for a Special Shareholder Meeting 5,225,972 10,140,392 35,655 1,293,744 evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/0001573516-26-000137-index.htm - Shareholder Votes Murphy USA Inc. shareholders approved Amend the Certificate of Incorporation to Phase-Out the Classification of the Board of Directors and Provide for the Annual Election of Directors at the 2026-05-07 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2026-05-07 source text: Proposal 4. Stockholders approved the amendment to the Company's Certificate of Incorporation to phase-out the classification of the Board of Directors and provide for the annual election of directors. For Against Abstain Broker Non-Votes Amend the Certificate of Incorporation to Phase-Out the Classification of the Board of Directors and Provide for the Annual Election of Directors 15,349,449 36,125 16,445 1,293,744 evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/0001573516-26-000137-index.htm - Shareholder Votes Murphy USA Inc. shareholders approved Election of Class I Directors at the 2026-05-07 meeting. - Proposal: director election - Outcome: passed - Meeting: 2026-05-07 source text: Proposal 1. In an uncontested election, each of the following Class I directors proposed by management was elected to the Board, with a tabulation of votes to the nearest share as shown below: For Against Abstain Broker Non-Votes Claiborne P. Deming 15,062,784 321,315 17,920 1,293,744 Hon. Jeanne L. Phillips 15,274,784 105,623 21,612 1,293,744 Jack T. Taylor 15,187,869 195,851 18,299 1,293,744 Michael G. Kulp 15,342,807 39,457 19,755 1,293,744 evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/0001573516-26-000137-index.htm - Shareholder Votes Murphy USA Inc. shareholders approved Amend the Certificate of Incorporation to Enable Adoption of Stockholders' Right to Call Special Meetings of Stockholders at the 2026-05-07 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2026-05-07 source text: Proposal 5. Stockholders approved the amendment to the Company's Certificate of Incorporation to enable adoption of the right for shareholders owning 25% or more of the voting power of our outstanding common stock entitled to vote to call special meetings of stockholders. For Against Abstain Broker Non-Votes Amend the Certificate of Incorporation to Enable Adoption of Stockholders' Right to Call Special Meetings of Stockholders 14,269,119 206,710 926,190 1,293,744 evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/0001573516-26-000137-index.htm - Shareholder Votes Murphy USA Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm for Fiscal 2026 at the 2026-05-07 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2026-05-07 source text: Proposal 2. Stockholders ratified the Audit Committee of the Board's appointment of KPMG LLP as the Company's independent registered public accounting firm for the 2026 fiscal year. For Against Abstain Ratification of Appointment of Independent Registered Public Accounting Firm for Fiscal 2026 16,627,484 48,273 20,006 evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351626000137/0001573516-26-000137-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.