AI English summary of an SEC filing — figures as filed
The company said it held its April 30, 2025 annual meeting of shareholders, and that there were 311,531,359 shares of common stock outstanding and entitled to vote as of March 3, the record date. Shareholders elected 4 Class II directors, whose terms run until the 2028 annual meeting of shareholders.
Key points
AI summaryThe company said it held its April 30, 2025 annual meeting of shareholders, and that there were 311,531,359 shares of common stock outstanding and entitled to vote as of March 3, the record date. Shareholders elected 4 Class II directors, whose terms run until the 2028 annual meeting of shareholders.
Marathon Petroleum said shareholders approved the appointment of PricewaterhouseCoopers LLP as independent auditor for the year ending December 31, 2025. The vote was 261,997,517 for, 3,087,137 against and 814,245 abstentions.
The company said neither the proposal to declassify the board of directors nor the proposal to eliminate supermajority provisions received the required affirmative vote of at least 80% of outstanding shares. The declassification proposal received 210,374,644 votes for, and the supermajority elimination proposal received 210,138,170 votes for.
The company said a shareholder proposal seeking a simple majority vote was not approved. The proposal received 102,780,412 votes for, 108,974,674 against and 1,177,033 abstentions.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
2025 Annual Meeting and Election of 4 Class II Directors
The company said it held its April 30, 2025 annual meeting of shareholders, and that there were 311,531,359 shares of common stock outstanding and entitled to vote as of March 3, the record date. Shareholders elected 4 Class II directors, whose terms run until the 2028 annual meeting of shareholders.
Source · Based on the filing body and exhibits
Shareholders Approve PricewaterhouseCoopers LLP as Independent Auditor
Marathon Petroleum said shareholders approved the appointment of PricewaterhouseCoopers LLP as independent auditor for the year ending December 31, 2025. The vote was 261,997,517 for, 3,087,137 against and 814,245 abstentions.
Source · Based on the filing body and exhibits
Board Declassification and Supermajority Amendments Fail to Pass
The company said neither the proposal to declassify the board of directors nor the proposal to eliminate supermajority provisions received the required affirmative vote of at least 80% of outstanding shares. The declassification proposal received 210,374,644 votes for, and the supermajority elimination proposal received 210,138,170 votes for.
Source · Based on the filing body and exhibits
Shareholder Proposal for Simple Majority Vote Not Approved
The company said a shareholder proposal seeking a simple majority vote was not approved. The proposal received 102,780,412 votes for, 108,974,674 against and 1,177,033 abstentions.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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