8-KShareholder Matters

Targa Resources Corp. 8-K Report, Shareholder Vote Results (May 30, 2014)

Filed May 30, 2014For Securities:TRGP

Summary

Targa Resources Corp. filed an 8-K on May 30, 2014, reporting the outcomes of its 2014 Annual Meeting of Stockholders held on May 29, 2014. The primary focus of this filing is the voting results on several key proposals. Notably, all three Class I Directors up for re-election were approved for three-year terms. The company's selection of PricewaterhouseCoopers LLP as its independent auditor for 2014 also received strong ratification from shareholders. Additionally, a non-binding advisory vote to approve the compensation of named executive officers passed with substantial support.

Key Highlights

  • 1All three Class I Directors up for re-election (Charles R. Crisp, Laura C. Fulton, James W. Whalen) were elected for a three-year term.
  • 2PricewaterhouseCoopers LLP was ratified as Targa Resources' independent registered public accounting firm for 2014 with a high percentage of 'For' votes.
  • 3The advisory vote to approve executive compensation was passed by shareholders.
  • 4A shareholder proposal requesting a report on methane emissions was not approved by a significant majority of votes.
  • 5The filing provides specific vote counts for each proposal, including votes for, against, abstentions, and broker non-votes.
  • 6The Annual Meeting took place on May 29, 2014, and the results were officially reported on May 30, 2014.

Frequently Asked Questions

This 8-K filing reports the final voting results from Targa Resources Corp.'s 2014 Annual Meeting of Stockholders, which included the election of directors, ratification of the independent auditor, a vote on executive compensation, and a shareholder proposal.

Yes, all three Class I Directors who were up for re-election at the 2014 Annual Meeting were successfully elected for a term of three years.

Yes, shareholders overwhelmingly ratified the selection of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2014. They also approved, on an advisory basis, the compensation of the company's named executive officers.

The shareholder proposal requesting the publication of a report on methane emissions was not approved by the stockholders. The 'Votes Against' significantly outnumbered the 'Votes For'.