Home / Companies / Marathon Petroleum Corporation / 24 Apr 2024
Marathon Petroleum Corporation: meeting of 24 Apr 2024
Votes reported on Form N-PX, item by item
1,357 Form N-PX filers reported votes at the Marathon Petroleum Corporation meeting of 24 Apr 2024. Their records fall into 8 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.
foragainstabstain, withhold or otheramber tick: the portion cast against management
Items
DIRECTOR ELECTIONSIssuer
Director elections
4 nominees; 91.6% of reported votes for; 57 filers withheld from or voted against at least one nominee.
3,735 vote records from 361 filers. 6 of the 358 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
One filer reported a share count too large to be the holding described. No share split is published for this item. How that is decided
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
2,128 vote records from 1,308 filers. 79 of the 1,267 filers that marked the item either way voted against management. 41 filers reported this item without a management mark.
5 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
SECTION 14A SAY-ON-PAY VOTESIssuer
Frequency of the say-on-pay vote
1: 15 filers; one year: 1,088 filers; for: 70 filers; three years: 37 filers; 1-year: 15 filers; two years: 10 filers.
2,104 vote records from 1,288 filers. 53 of the 1,245 filers that marked the item either way voted against management. 43 filers reported this item without a management mark.
5 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
929 vote records from 357 filers. 5 of the 354 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
One filer reported a share count too large to be the holding described. No share split is published for this item. How that is decided
SHAREHOLDER RIGHTS AND DEFENSESIssuer
SHAREHOLDER RIGHTS AND DEFENSES: management items
Management items in this category are shown together; filers word and number them differently.
1,045 vote records from 345 filers. 0 of the 343 filers that marked the item either way voted against management. 2 filers reported this item without a management mark.
One filer reported a share count too large to be the holding described. That figure is left out of the share split below; the count of filers includes it. How that is decided
CORPORATE GOVERNANCEIssuer
CORPORATE GOVERNANCE: management items
Management items in this category are shown together; filers word and number them differently.
1,757 vote records from 357 filers. 19 of the 354 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
One filer reported a share count too large to be the holding described. That figure is left out of the share split below; the count of filers includes it. How that is decided
CORPORATE GOVERNANCESecurity holder
Shareholder proposal seeking a simple majority vote.
830 vote records from 329 filers. 220 of the 326 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
One filer reported a share count too large to be the holding described. No share split is published for this item. How that is decided
Several categoriesSecurity holder
Shareholder proposals (not separable from the filings)
Filers described these proposals in wordings that could not be matched to one another, so they are shown together.
88 vote records from 30 filers. 6 of the 30 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Pay-vote frequency | 4. Auditor | 7. Proposal |
|---|---|---|---|---|---|
| Vanguard | For | For | Split or no vote | For | Against |
| BlackRock and iShares | For | For | Split or no vote | For | No report |
| Fidelity | For | For | Split or no vote | For | For * |
| Dimensional | For | For | Split or no vote * | For | For * |
| State Street and SPDR | For | For | Split or no vote | For | Against |
| American Century | For | For | Split or no vote | For | For * |
| Franklin Templeton | For | For | Split or no vote | For | For * |
| Invesco | For | For | Split or no vote | For | For * |
| Equitable | For | For | Split or no vote | For | For * |
| Charles Schwab | For | For | Split or no vote | For | Against |
| Nuveen and TIAA | For | For | Split or no vote | For | For * |
| ProShares and ProFunds | For | For | Split or no vote | For | For * |
| John Hancock and Manulife | For | For | Split or no vote | For | For * |
| Morgan Stanley, Eaton Vance and Calvert | For | Against * | Split or no vote | For | For * |
| J.P. Morgan | For | For | Split or no vote | For | Against |
| Goldman Sachs | For | For | Split or no vote | For | For * |
| WisdomTree | For | Against * | Split or no vote | For | For * |
| PGIM and Prudential | For | For | Split or no vote | For | Against |
| Jackson National funds | For | For | Split or no vote | For | For * |
| Northern Trust and FlexShares | For | For | Split or no vote | For | For * |
| SEI | For | For | Split or no vote | For | Against |
| T. Rowe Price | For | For | Split or no vote | For | For * |
| Thrivent | For | For | Split or no vote | For | For * |
| Lincoln Financial | For | For | Split or no vote | For | Against |
| Voya | For | For | Split or no vote | For | For * |
| First Trust | For | For | Split or no vote | For | For * |
| Russell Investments | For | For | Split or no vote | For | Against |
| Nationwide | For | For | Split or no vote | For | For * |
| Victory Capital | For | For | Split or no vote | For | For * |
| Brighthouse Funds | For | For | Split or no vote | For | Against |
| Guggenheim and Rydex | For | For | Split or no vote | For | For * |
| Columbia Threadneedle | For | For | Split or no vote | For | For * |
| BNY Mellon | For | Against * | Split or no vote | For | For * |
| Principal | For | For | Split or no vote | For | For * |
| Capital Group and American Funds | No report | Split or no vote | Split or no vote | No report | No report |
| Pacific Life funds | For | For | Split or no vote | For | Against |
| Global X | For | For | Split or no vote | For | No report |
| MFS | For | For | Split or no vote | For | For * |
| Transamerica | For | For | Split or no vote | For | For * |
| Federated Hermes | For | For | Split or no vote | For | Against |
| AllianceBernstein | For | For | Split or no vote | For | For * |
| Hartford Funds | For | For | Split or no vote | For | Against |
| DWS | For | For | Split or no vote | For | For * |
| PIMCO | For | Against * | Split or no vote | Against * | For * |
| Allspring | For | For | Split or no vote | For | For * |
| MassMutual | For | For | Split or no vote | For | For * |
| Harbor Funds | For | For | Split or no vote | For | Against |
| Virtus | For | For | Split or no vote | For | For * |
| VanEck | For | For | Split or no vote | For | Against |
| Macquarie and Delaware Funds | For | For | Split or no vote | For | For * |
| Janus Henderson | For | For | Split or no vote | For | For * |
| Neuberger Berman | No report | For | Split or no vote | No report | No report |
| American Beacon | Against * | For | Split or no vote | For | For * |
| Natixis and Loomis Sayles | For | For | Split or no vote | For | For * |
| Lord Abbett | For | For | Split or no vote | For | For * |
| Cohen & Steers | For | For | Split or no vote | For | For * |
| Baird | No report | For | Split or no vote | No report | No report |
* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.
Questions
How did large funds vote at the Marathon Petroleum Corporation meeting?
1,357 Form N-PX filers reported votes at the meeting of 24 Apr 2024. On say-on-pay, 79 of 1,267 voted against management (6.2%). One proposal from security holders could be told apart in the filings. The family table lists each of the largest families item by item.
Is this the meeting result?
No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by Marathon Petroleum Corporation on Form 8-K.
Why are director elections shown as counts only?
Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.
Every meeting on file for Marathon Petroleum Corporation
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Marathon Petroleum Corporation with a meeting date within three days of 24 Apr 2024. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.