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Get filing alertsTarga Resources shareholders re-elect directors, approve executive pay at annual meeting
Filed May 22, 2026 · Period ending May 21, 2026 · ~1 min read
Key Changes
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Four Class I directors re-elected to three-year terms through 2029: Paul Chung, Charles Crisp, Laura Fulton, and Keith Teague, all receiving majority shareholder support.
Item 5.07 verify on EDGAR → -
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Executive compensation approved with 95% support in advisory say-on-pay vote, indicating strong shareholder alignment with management pay practices.
Item 5.07 verify on EDGAR → -
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PricewaterhouseCoopers ratified as independent auditor for 2026 with 96% approval, maintaining continuity in external audit relationship.
Item 5.07 verify on EDGAR →
Summary
Targa Resources held its 2026 Annual Meeting on May 21, with shareholders voting on routine governance matters. All four Class I directors standing for re-election won new three-year terms, and both the auditor ratification and executive compensation proposals passed with strong majorities exceeding 95% approval. For retail investors, this filing signals business-as-usual governance with no contested elections or shareholder dissent.
The high approval rates for executive pay and auditor selection suggest shareholders are generally satisfied with management and oversight. These are procedural votes required by securities regulations rather than material business developments. Watch for Targa's next quarterly earnings report and any operational updates on its midstream energy infrastructure assets, which will provide more substantive information about business performance than this routine annual meeting disclosure.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Targa Resources held its 2026 Annual Meeting on May 21, 2026, electing four Class I directors, ratifying PwC as auditor, and approving executive compensation.
Show 3 minor / wording changes
Added in current filing · verify on EDGAR →
Each of the four Class I directors that was up for re-election was elected for a term of three years expiring at the Company’s 2029 Annual Meeting of Stockholders.
Four Class I directors were re-elected at the Annual Meeting: Paul W. Chung, Charles R. Crisp, Laura C. Fulton, and R. Keith Teague. All four received majority support from voting shareholders, with vote totals ranging from approximately 161 million to 179 million votes in favor. These directors will serve three-year terms expiring in 2029.
Added in current filing · verify on EDGAR →
PricewaterhouseCoopers LLP was ratified as the Company’s independent auditors for 2026. The voting results were as follows: VOTES FOR | VOTES AGAINST | VOTES ABSTAINED | 189,588,676 | 7,795,387 | 62,452
Shareholders ratified PricewaterhouseCoopers LLP as the company's independent auditor for fiscal year 2026. The proposal received overwhelming support with approximately 189.6 million votes in favor versus 7.8 million against, representing approximately 96% approval.
Added in current filing · verify on EDGAR →
The Board proposal seeking approval, on an advisory basis, of the compensation of the Company’s named executive officers was approved. The voting results were as follows: VOTES FOR | VOTES AGAINST | VOTES ABSTAINED | BROKER NON-VOTES | 176,432,347 | 8,616,715 | 337,011 | 12,060,442
Shareholders approved, on an advisory basis, the compensation of the company's named executive officers for fiscal year 2025. The say-on-pay vote received approximately 176.4 million votes in favor versus 8.6 million against, representing approximately 95% approval among votes cast.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 24, 2026 · How we verify