ConocoPhillips
8-K on 05/12/2022   Download
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

FORM 8-K

 

CURRENT REPORT 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported): May 12, 2022 (May 10, 2022)

 

ConocoPhillips

(Exact name of registrant as specified in its charter)

 

Delaware   001-32395   01-0562944
(State or other jurisdiction of
incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

925 N. Eldridge Parkway
Houston, Texas 77079

(Address of principal executive offices and zip code)

 

Registrant’s telephone number, including area code: (281) 293-1000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading symbols   Name of each exchange on which registered
Common Stock, $.01 Par Value   COP   New York Stock Exchange
7% Debentures due 2029   CUSIP – 718507BK1   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company   ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ¨

 

 

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

ConocoPhillips held its annual meeting of stockholders on May 10, 2022.  As of the record date for the annual meeting, there were a total of 1,269,051,257 shares outstanding and entitled to vote. The results of the matters submitted to a vote of the stockholders at the meeting are set forth below.

 

ELECTION OF DIRECTORS

 

All 13 nominated directors were elected to serve a one-year term.

 

   Number of Shares 
   Voted For   Voted Against   Abstentions   Broker Nonvotes 
Caroline Maury Devine   1,001,286,612    13,031,008    2,242,767    112,445,141 
Jody Freeman   969,807,521    44,668,744    2,084,122    112,445,141 
Gay Huey Evans CBE   1,000,041,011    15,327,567    1,191,809    112,445,141 
Jeffrey A. Joerres   981,524,374    32,690,487    2,345,526    112,445,141 
Ryan M. Lance   940,330,997    71,793,840    4,435,550    112,445,141 
Timothy A. Leach   998,073,495    17,160,433    1,326,459    112,445,141 
William H. McRaven   1,000,960,105    14,367,285    1,232,997    112,445,141 
Sharmila Mulligan   995,349,661    20,039,894    1,170,832    112,445,141 
Eric D. Mullins   1,005,632,173    9,683,339    1,244,875    112,445,141 
Arjun N. Murti   995,101,970    19,937,904    1,520,513    112,445,141 
Robert A. Niblock   925,317,740    79,154,713    12,087,934    112,445,141 
David T. Seaton   1,002,718,902    11,752,783    2,088,702    112,445,141 
R.A. Walker   993,449,351    21,843,384    1,267,652    112,445,141 

 

RATIFICATION OF AUDITORS

 

The ratification of the appointment of Ernst & Young LLP as ConocoPhillips’ independent registered public accounting firm for 2022 was approved.

 

   Number of Shares 
   Voted For   Voted Against   Abstentions   Broker Nonvotes 
Ratification of Appointment of Ernst & Young LLP as ConocoPhillips’ Independent Registered Public Accounting Firm   998,003,261    129,174,410    1,827,857    - 

 

ADVISORY APPROVAL OF EXECUTIVE COMPENSATION

 

The advisory vote on the compensation of our Named Executive Officers was approved.

 

   Number of Shares 
   Voted For   Voted Against   Abstentions   Broker Nonvotes 
Advisory Vote of the Compensation of our Named Executive Officers   613,581,961    396,011,916    6,966,510    112,445,141 

 

 

 

 

 

ADOPTION OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO ELIMINATE SUPERMAJORITY VOTING PROVISIONS

 

The adoption of an Amended and Restated Certificate of Incorporation to eliminate supermajority voting provisions was not approved. Approval required the affirmative vote of the holders of not less than 80% of the outstanding shares of ConocoPhillips’ common stock entitled to vote on the matter.

 

   Number of Shares 
   Voted For   Voted Against   Abstentions   Broker Nonvotes 
Adoption of Amended and Restated Certificate of Incorporation   1,008,358,791    6,138,665    2,062,931    112,445,141 

 

ADVISORY VOTE ON RIGHT TO CALL SPECIAL MEETING

 

The advisory vote for the Board of Directors to take the steps necessary to amend the appropriate governing documents to give owners of a combined 20% of ConocoPhillips’ outstanding shares the power to call a special meeting was approved.

 

   Number of Shares 
   Voted For   Voted Against   Abstentions   Broker Nonvotes 
Advisory Vote on Right to Call Special Meeting   809,123,521    205,548,087    1,888,779    112,445,141 

  

STOCKHOLDER PROPOSAL – RIGHT TO CALL SPECIAL MEETING

 

A stockholder proposal for the Board of Directors to take the steps necessary to amend the appropriate company governing documents to give owners of a combined 10% of ConocoPhillips’ outstanding common stock the power to call a special shareholder meeting was approved.

 

   Number of Shares 
   Voted For   Voted Against   Abstentions   Broker Nonvotes 
Stockholder Proposal – Right to Call Special Meeting   536,805,733    476,933,909    2,820,745    112,445,141 

 

STOCKHOLDER PROPOSAL - EMISSIONS REDUCTION TARGETS

 

A stockholder proposal for ConocoPhillips to set emissions reduction targets covering the greenhouse gas emissions of the company’s operations as well as its energy products (Scope 1, 2 and 3) was not approved.

 

   Number of Shares 
   Voted For   Voted Against   Abstentions   Broker Nonvotes 
Stockholder Proposal – Emissions Reduction Targets   400,909,568    559,448,611    56,202,208    112,445,141 

 

STOCKHOLDER PROPOSAL – REPORT ON LOBBYING ACTIVITIES

 

A stockholder proposal for ConocoPhillips to prepare an annual report providing full detailed disclosure of its direct and indirect lobbying activities and expenditures was not approved.

 

   Number of Shares 
   Voted For   Voted Against   Abstentions   Broker Nonvotes 
Stockholder Proposal – Report on Lobbying Activities   199,361,165    812,760,356    4,438,866    112,445,141 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  CONOCOPHILLIPS
   
  /s/ Shannon B. Kinney
May 12, 2022

Shannon B. Kinney

Deputy General Counsel, Chief Compliance Officer and Corporate Secretary