AGM/EGMMay 26, 2026, 05:07 PM
APA Corp Shareholders Approve Compensation Plan & Elect Directors
AI Summary
APA Corporation held its 2026 annual meeting of shareholders, where key proposals were approved. Shareholders voted to approve the Third Amendment to the 2016 Omnibus Compensation Plan, which increased the number of authorized shares by 24,160,000 and extended the plan's term to May 21, 2036. Additionally, all ten director nominees were elected, Ernst & Young LLP was ratified as the independent auditor, and the non-binding advisory vote on executive compensation was approved.
Key Highlights
- Shareholders approved the Third Amendment to the 2016 Omnibus Compensation Plan.
- The amendment increased authorized shares by 24,160,000 and extended the plan term through May 21, 2036.
- All ten director nominees were elected to serve one-year terms.
- Ernst & Young LLP was ratified as the independent auditor for fiscal year 2026 with 307,082,415 votes For.
- Executive compensation received non-binding advisory approval with 238,710,645 votes For.
- Approximately 88.35% of eligible shares were voted at the Annual Meeting.
Price Impact
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