Summary
Kinder Morgan, Inc. (KMI) filed a Current Report (8-K) on May 12, 2017, detailing the results of its 2017 Annual Meeting of Stockholders held on May 10, 2017. A significant majority of the shares entitled to vote were present, establishing a quorum. The meeting focused on electing directors, ratifying the independent auditor, and voting on several stockholder proposals. Key outcomes include the uncontested election of all sixteen director nominees, and the ratification of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2017. Importantly, KMI stockholders approved a proxy access bylaw. However, three other stockholder proposals regarding methane emissions, a sustainability report, and an assessment of climate change policy impacts on the company's portfolio were not approved.
Key Highlights
- 1All sixteen nominated directors were elected by KMI stockholders to serve until the 2018 annual meeting.
- 2PricewaterhouseCoopers LLP was ratified as KMI's independent registered public accounting firm for 2017 with overwhelming support.
- 3Stockholders approved a proposal for a proxy access bylaw, allowing for greater shareholder input in director nominations.
- 4Stockholder proposals requesting a report on methane emissions, an annual sustainability report, and an assessment of climate change impacts on the company's portfolio were not approved.
- 5A quorum was established with 1,965,780,831 shares of common stock present in person or by proxy.
- 6The voting results for director elections showed strong support for each nominee, with over 1.5 billion 'For' votes for most candidates.