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Marathon Petroleum (MPC) Proxy Filing summary

Event summary combining transcript, slides, and related documents.

Logotype for Marathon Petroleum Corporation

Proxy Filing summary

16 Mar, 2026

Voting matters and shareholder proposals

  • Election of four Class III directors is proposed, with board recommendation to vote for all nominees.

  • Ratification of PricewaterhouseCoopers LLP as independent auditor for 2026 is recommended.

  • Advisory approval of named executive officer compensation is up for vote.

  • Amendments to the Restated Certificate of Incorporation to declassify the board and eliminate supermajority provisions are proposed.

Board of directors and corporate governance

  • Board recommends declassifying itself, moving away from staggered terms.

  • Proposal to eliminate supermajority voting requirements in the certificate of incorporation.

Executive compensation and say-on-pay

  • Advisory vote on executive compensation is included, with board recommending approval.

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