Targa Resources Corp. Form 8-K Summary
Business Context and Reporting Period
This filing is a Current Report on Form 8-K dated May 24, 2018, regarding the Annual Meeting of Stockholders held by Targa Resources Corp. on that date. The report details the voting outcomes for director elections, auditor ratification, and executive compensation.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results.
Material Changes
No material financial changes are reported in this filing. The primary events are the successful election of three Class II directors and the ratification of the independent auditor.
Guidance, Outlook, and Management Commentary
The filing contains no financial guidance, outlook, or management commentary regarding future operations. It confirms that stockholders approved the advisory compensation proposal for named executive officers.
Key Facts for Investor Verification
- Director Elections: Robert B. Evans, Joe Bob Perkins, and Ershel C. Redd Jr. were elected for three-year terms.
- Auditor Ratification: PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for 2018.
- Executive Compensation: The advisory vote on executive compensation was approved with approximately 164.4 million votes for and 10.9 million votes against.
- Broker Non-Votes: Significant broker non-votes (approx. 26.4 million) were recorded for the director elections and executive compensation proposal.