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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 31, 2023
Exxon Mobil Corporation
(Exact name of registrant as specified in its charter)
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New Jersey | 1-2256 | 13-5409005 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
5959 Las Colinas Boulevard, Irving, Texas 75039-2298
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (972) 940-6000
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(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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| | Name of Each Exchange |
Title of Each Class | Trading Symbol | on Which Registered |
Common Stock, without par value | XOM | New York Stock Exchange |
0.142% Notes due 2024 | XOM24B | New York Stock Exchange |
0.524% Notes due 2028 | XOM28 | New York Stock Exchange |
0.835% Notes due 2032 | XOM32 | New York Stock Exchange |
1.408% Notes due 2039 | XOM39A | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 5.07 | Submission of Matters to a Vote of Security Holders
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(a), (b)
Exxon Mobil Corporation (the “Company,” “ExxonMobil,” “we,” or "our") held its Annual Meeting of Shareholders on May 31, 2023. At the meeting, the matters set forth below were submitted for a vote of security holders.
As of the close of business on April 5, 2023, which was the record date for the Annual Meeting, 4,042,380,243 shares of ExxonMobil common stock, without par value (“Common Stock”), were outstanding and entitled to vote.
Set forth below are the proposals voted upon at the Annual Meeting, and the final vote tabulation that certified the voting results as received from the Inspector of Election. Based on the results, at least 3,359,371,543 shares of Common Stock were voted in person or by proxy at the Annual Meeting, representing 83.1% percent of the shares entitled to be voted. Percentages are based on the total votes cast. Under the corporate law of New Jersey, where we are incorporated, abstentions are not counted as votes cast.
The final voting results for the proposals presented at the Annual Meeting were as follows:
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Proposal 1 – Election of Directors |
The shareholders elected each of the Board’s twelve director nominees. The votes For and Against, as well as Abstentions and Broker Non-Votes, for each nominee are set forth below.
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Nominees | Votes For | % For | Votes Against | % Against | Abstentions | Broker Non-Votes |
Michael J. Angelakis | 2,587,975,707 | | 96.4 | % | 95,149,469 | | 3.6 | % | 11,384,201 | | 664,860,161 | |
Susan K. Avery | 2,505,077,329 | | 93.3 | % | 179,632,955 | | 6.7 | % | 9,772,829 | | 664,860,161 | |
Angela F. Braly | 2,590,266,361 | | 96.5 | % | 94,100,769 | | 3.5 | % | 10,142,325 | | 664,860,161 | |
Gregory J. Goff | 2,639,877,914 | | 98.6 | % | 38,686,483 | | 1.4 | % | 15,943,248 | | 664,860,161 | |
John D. Harris II | 2,638,407,196 | | 98.3 | % | 45,087,828 | | 1.7 | % | 11,014,328 | | 664,860,161 | |
Kaisa H. Hietala | 2,633,689,634 | | 98.4 | % | 44,045,067 | | 1.6 | % | 16,775,281 | | 664,860,161 | |
Joseph L. Hooley | 2,441,699,658 | | 91.0 | % | 242,842,035 | | 9.0 | % | 9,966,548 | | 664,860,161 | |
Steven A. Kandarian | 2,577,295,266 | | 96.0 | % | 106,779,689 | | 4.0 | % | 10,432,853 | | 664,860,161 | |
Alexander A. Karsner | 2,589,852,813 | | 96.5 | % | 94,590,674 | | 3.5 | % | 10,065,895 | | 664,860,161 | |
Lawrence W. Kellner | 2,648,325,160 | | 98.7 | % | 35,958,718 | | 1.3 | % | 10,223,876 | | 664,860,161 | |
Jeffrey W. Ubben | 2,611,172,785 | | 97.3 | % | 73,101,922 | | 2.7 | % | 10,236,640 | | 664,860,161 | |
Darren W. Woods | 2,488,149,233 | | 92.7 | % | 194,882,302 | | 7.3 | % | 11,479,847 | | 664,860,161 | |
The shareholders voted as set forth below on three management proposals:
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Proposal 2 – Ratification of Independent Auditors: |
| Votes Cast For: | 3,258,039,761 | 97.3 | % |
| Votes Cast Against: | 89,788,338 | 2.7 | % |
| Abstentions: | 11,533,621 | |
| Broker Non-Votes: | 0 | |
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Proposal 3 – Advisory Vote to Approve Executive Compensation: |
| Votes Cast For: | 2,420,413,653 | 90.5 | % |
| Votes Cast Against: | 252,837,657 | 9.5 | % |
| Abstentions: | 21,259,179 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 4 – Frequency of Advisory Vote on Executive Compensation: |
| Votes Cast for One-Year Frequency: | 2,596,422,541 | 96.8 | % |
| Votes Cast for Two-Years Frequency: | 15,162,464 | 0.6 | % |
| Votes Cast for Three-Years Frequency: | 70,299,529 | 2.6 | % |
| Abstentions: | 12,602,789 | |
| Broker Non-Votes: | 664,860,161 | |
The shareholders voted as set forth below on twelve shareholder proposals:
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Proposal 5 – Establish a New Board Committee on Decarbonization Risk: |
| Votes Cast For: | 42,112,064 | 1.6 | % |
| Votes Cast Against: | 2,619,589,881 | 98.4 | % |
| Abstentions: | 32,794,986 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 6 – Reduce Executive Stock Holding Period: |
| Votes Cast For: | 59,057,803 | 2.2 | % |
| Votes Cast Against: | 2,613,384,161 | 97.8 | % |
| Abstentions: | 22,054,060 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 7 – Additional Carbon Capture and Storage and Emissions Report: |
| Votes Cast For: | 139,021,302 | 5.2 | % |
| Votes Cast Against: | 2,518,807,411 | 94.8 | % |
| Abstentions: | 36,673,708 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 8 – Additional Direct Methane Measurement: |
| Votes Cast For: | 958,227,195 | 36.4 | % |
| Votes Cast Against: | 1,676,242,946 | 63.6 | % |
| Abstentions: | 60,034,896 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 9 – Establish a Scope 3 Target and Reduce Hydrocarbon Sales: |
| Votes Cast For: | 276,423,317 | 10.5 | % |
| Votes Cast Against: | 2,360,707,483 | 89.5 | % |
| Abstentions: | 57,369,380 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 10 – Additional Report on Worst-case Spill and Response Plans: |
| Votes Cast For: | 352,537,165 | 13.3 | % |
| Votes Cast Against: | 2,299,323,588 | 86.7 | % |
| Abstentions: | 42,643,451 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 11 – GHG Reporting on Adjusted Basis: |
| Votes Cast For: | 458,064,994 | 18.4 | % |
| Votes Cast Against: | 2,033,618,239 | 81.6 | % |
| Abstentions: | 202,826,612 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 12 – Report on Asset Retirement Obligations Under IEA NZE Scenario: |
| Votes Cast For: | 423,834,375 | 16.0 | % |
| Votes Cast Against: | 2,228,985,165 | 84.0 | % |
| Abstentions: | 41,680,450 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 13 – Report on Plastics Under SCS Scenario: |
| Votes Cast For: | 652,393,808 | 25.3 | % |
| Votes Cast Against: | 1,923,852,323 | 74.7 | % |
| Abstentions: | 118,264,289 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 14 – Litigation Disclosure Beyond Legal and Accounting Requirements: |
| Votes Cast For: | 240,316,289 | 9.1 | % |
| Votes Cast Against: | 2,411,576,628 | 90.9 | % |
| Abstentions: | 42,616,382 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 15 – Tax Reporting Beyond Legal Requirements: |
| Votes Cast For: | 362,470,349 | 13.6 | % |
| Votes Cast Against: | 2,307,000,846 | 86.4 | % |
| Abstentions: | 25,027,242 | |
| Broker Non-Votes: | 664,860,161 | |
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Proposal 16 – Energy Transition Social Impact Report: |
| Votes Cast For: | 413,922,890 | 16.6 | % |
| Votes Cast Against: | 2,083,626,409 | 83.4 | % |
| Abstentions: | 196,961,122 | |
| Broker Non-Votes: | 664,860,161 | |
(d)
ExxonMobil will include an advisory vote on executive compensation in our proxy materials annually until the next required vote on the frequency of shareholder votes on the compensation of executives.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| EXXON MOBIL CORPORATION |
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Date: June 6, 2023 | By: | /s/ LEN M. FOX |
| | Len M. Fox |
| | Vice President and Controller |
| | (Principal Accounting Officer) |