Targa Resources Corp. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2013 Annual Meeting of Stockholders held by Targa Resources Corp. on May 20, 2013. The filing was submitted on May 23, 2013.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Stockholders voted on two primary proposals:
- Election of Class III Directors: Three directors were elected for a three-year term expiring at the 2016 Annual Meeting.
- Rene R. Joyce: 31,291,723 votes for; 1,073,566 withheld; 5,620,064 broker non-votes.
- Peter R. Kagan: 31,848,584 votes for; 516,705 withheld; 5,620,064 broker non-votes.
- Chris Tong: 31,884,584 votes for; 480,705 withheld; 5,620,064 broker non-votes.
- Ratification of Independent Auditor: PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for 2013.
- Votes For: 37,735,575
- Votes Against: 168,722
- Votes Abstained: 81,056
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirm the terms of office for the newly elected Class III Directors (Rene R. Joyce, Peter R. Kagan, Chris Tong) expire at the 2016 Annual Meeting.
- Verify the appointment of PricewaterhouseCoopers LLP as the independent auditor for the 2013 fiscal year.
- Note the significant number of broker non-votes (5,620,064) recorded for the director elections.