01—Abstract
Summary
Summary of the 8-K filed May 29, 2024. Cited figures are marked; the original filing is the authoritative source.
APA Corporation held its annual meeting of shareholders on May 23, 2024.
Of 301,106,810 shares of common stock eligible to vote, 260,342,093 shares, or 86.46%a, were voted. Shareholders elected all ten director nominees to one-year terms expiring at the 2025 annual meeting, ratified Ernst & Young LLP as independent auditor for fiscal year 2024, and approved on a non-binding advisory basis the compensation of the named executive officers as disclosed in the 2024 proxy statement. For each director nominee, votes in favor exceeded votes against, with support ranging from 218,215,270 to 224,079,985 votes for.
The auditor ratification received 253,793,342 votes for, 6,212,188 against, and 336,563 abstentions. The say-on-pay proposal received 158,366,379 votes for, 69,581,737 against, 527,615 abstentions, and 31,866,362 broker non-votes, and was approved by the majority of shares voted, excluding abstentions and broker non-votes.
The filing reports only the voting results from the meeting. It does not describe any other business transacted at the meeting.
02—Key points
Key Highlights
- Annual meeting held May 23, 2024, with 260,342,093 of 301,106,810 eligible common shares voted (86.46%)
- All ten director nominees elected to one-year terms expiring at the 2025 annual meeting
- Director Peter A. Ragauss received the highest support with 224,079,985 votes for and 3,987,267 against
- Director Juliet S. Ellis received the lowest support among nominees with 218,215,270 votes for and 9,886,587 against
- Ernst & Young LLP ratified as independent auditor for fiscal year 2024 with 253,793,342 votes for and 6,212,188 against
- Say-on-pay advisory vote approved executive compensation with 158,366,379 votes for and 69,581,737 against
- Say-on-pay drew 31,866,362 broker non-votes and 527,615 abstentions, the highest abstention count among the proposals on the filing
03—Questions
Frequently Asked Questions
Who was elected to APA's board of directors at the May 23, 2024 annual meeting?
Ten nominees were elected to one-year terms expiring at the 2025 annual meeting: Annell R. Bay, Matthew R. Bob, John J. Christmann IV, Juliet S. Ellis, Charles W. Hooper, Chansoo Joung, H. Lamar McKay, Peter A. Ragauss, David L. Stover, and Anya Weaving. Each received more votes for than against.
Did shareholders approve APA's independent auditor for 2024?
Yes. Shareholders ratified the appointment of Ernst & Young LLP as independent auditor for fiscal year 2024, with 253,793,342 votes for, 6,212,188 against, and 336,563 abstentions.
How did shareholders vote on executive compensation?
In a non-binding advisory vote, the compensation of the named executive officers, as disclosed in the 2024 proxy statement, was approved by the majority of shares voted, excluding abstentions and broker non-votes. The vote was 158,366,379 for and 69,581,737 against, with 527,615 abstentions and 31,866,362 broker non-votes.
How much of APA's common stock participated in the vote?
Of 301,106,810 shares of common stock, par value $0.625 per share, eligible to vote, 260,342,093 shares, or 86.46%, were voted at the meeting.
04—Continue