Business Context and Reporting Period
This Form 8-K reports on the results of the 2026 annual meeting of shareholders for PLAINS GP HOLDINGS LP (PAGP), held on May 20, 2026. 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 provide financial 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 performance data.
Material Changes and Voting Results
Approximately 83.5% of the 763,943,591 shares entitled to vote were represented at the meeting. The specific voting results were:
- Director Election: Shareholders elected four Class I directors (Willie Chiang, Ellen DeSanctis, Alexandra Pruner, and Larry Ziemba) to serve until the 2029 annual meeting. All nominees received over 97% of the votes cast in favor.
- Auditor Ratification: Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 98.7% of votes cast in favor.
- Executive Compensation: Shareholders voted on a non-binding advisory basis to approve 2025 named executive officer compensation. This proposal received 64.4% of votes cast in favor, with a significant portion of votes cast against (approximately 35.6%).
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document strictly reports the procedural outcomes of the shareholder meeting.
Key Facts for Investor Verification
- Verify the 64.4% approval rate for the 2025 executive compensation advisory vote, as the "Against" vote was substantial compared to the other proposals.
- Confirm the tenure of the newly elected Class I directors, which extends through the 2029 annual meeting.
- Note that 167,381,431 broker non-votes were recorded for the director election and executive compensation proposals, indicating shares held by brokers that did not receive voting instructions.
- Review the referenced Proxy Statement dated April 10, 2026 for detailed biographies of directors and specific compensation figures.