Summary
This filing is an amendment (8-K/A) to a previous 8-K report filed by Chevron Corporation on June 2, 2023. The amendment's sole purpose is to formally disclose Chevron's decision regarding the frequency of advisory votes on executive compensation. No other information from the original report has been altered.
Key Highlights
- 1Amendment clarifies the frequency of advisory votes on executive compensation.
- 2Chevron's Board of Directors recommended annual advisory votes on NEO compensation.
- 397.4% of votes cast at the 2023 Annual Meeting favored an annual advisory vote.
- 4Chevron has decided to continue holding advisory votes on Named Executive Officer (NEO) compensation every year.
- 5This decision aligns with both the Board's recommendation and the stockholder vote.
- 6The filing does not introduce new financial information or alter previous disclosures from the original 8-K.
Frequently Asked Questions
The main purpose of this 8-K/A filing is to formally disclose Chevron's decision regarding the frequency of future advisory votes on the compensation of its named executive officers (NEOs), as required by SEC regulations. It amends a previous 8-K filing from June 2, 2023.
At Chevron's 2023 Annual Meeting of Stockholders, 97.4% of the votes cast were in favor of holding advisory votes on named executive officer compensation every year.
Chevron has decided that future advisory votes on the compensation of its named executive officers will continue to be held every year. This decision is consistent with the recommendation of the Board of Directors and the outcome of the stockholder vote.
No, this 8-K/A filing is an amendment to clarify a procedural disclosure. It explicitly states that no changes have been made to the Original Report, and its sole purpose is to disclose the decision on the frequency of executive compensation votes.