Business Context and Reporting Period
This Form 8-K filing by PLAINS GP HOLDINGS LP (PAGP) reports on the results of the 2022 Annual Meeting of Shareholders held on May 25, 2022. The filing details the voting outcomes for director elections, auditor ratification, and executive compensation advisory votes.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting. It does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. Investors should refer to the company's 10-K or 10-Q filings for financial statements.
Material Changes and Voting Results
Shareholders voted on three primary matters. Approximately 85% of eligible shares (653,455,683 out of 773,316,784) were represented at the meeting.
- Director Election: Shareholders elected four Class II directors to serve until the 2025 annual meeting.
- Victor Burk: 99.3% For
- Kevin S. McCarthy: 99.0% For
- Harry N. Pefanis: 99.3% For
- Gary R. Petersen: 90.4% For
- Auditor Ratification: Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022, with 95.3% of votes cast in favor.
- Executive Compensation: Shareholders approved, on a non-binding advisory basis, the 2021 named executive officer compensation with 98.5% of votes cast in favor.
Guidance, Outlook, and Risks
The filing does not provide management commentary, financial guidance, outlook, or specific risk factors. It strictly reports the administrative outcomes of the shareholder meeting.
Key Facts for Investor Verification
- Verify the tenure of the newly elected directors (serving until the 2025 annual meeting).
- Confirm the appointment of PricewaterhouseCoopers LLP as the auditor for the 2022 fiscal year.
- Note the high level of shareholder support for executive compensation (98.5% approval).
- Review the Proxy Statement dated April 14, 2022, for detailed biographies of directors and compensation specifics referenced in this filing.