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8-KThe WireRoutine

Bylaw Amendment · Shareholder Vote

Filed May 30, 2025 · 1y ago · Accession 0000093410-25-000024

Plain English

Material event — a significant development the company must disclose promptly.

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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 28, 2025 Chevron Corporation (Exact name of registrant as specified in its charter) Delaware 001-00368 94-0890210 (State or other jurisdiction of incorporation ) (Commission File Number) (I.R.S. Employer Identification No.) 1400 Smith Street Houston, TX 77002 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (832) 854-1000 N/A (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 obligations 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: Title of each class Trading Symbol Name of each exchange on which registered Common stock, par value $.75 per share CVX 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. ☐ Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The 2025 Annual Meeting of Stockholders of Chevron Corporation (“Chevron” or the “Company”) was held on Wednesday, May 28, 2025 (“Annual Meeting”), at which the stockholders approved amendments to the Company’s Restated Certificate of Incorporation (“Charter”) to eliminate the monetary liability of certain officers in circumstances similar to, but more limited than, the protections that the Charter already affords to our Directors (“Proposed Amendments”). A detailed description of the Proposed Amendments is set forth in “Item 4: Board Proposal to Amend the Company’s Restated Certificate of Incorporation to Provide for Officer Exculpation” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 9, 2025 (“2025 Proxy Statement”), which description is qualified in its entirety by reference to the full text of the Charter as amended by the Proposed Amendments (the “Restated Certificate of Incorporation”) filed as Exhibit 3.1 to this Report and incorporated herein by reference. The Restated Certificate of Incorporation became effective upon its filing with the Secretary of State of the State of Delaware on May 28, 2025. Item 5.07 Submission of Matters to a Vote of Security Holders. (b)     At the Annual Meeting, Chevron stockholders voted on the matters set forth below, with final voting results indicated. For the election of Directors in an uncontested election, each nominee who received a majority of votes cast (i.e., the number of shares voted for exceeded the number of shares voted against, excluding abstentions) was elected as a Director. Approval of the amendment to Chevron’s Restated Certificate of Incorporation to provide for officer exculpation required the affirmative vote of a majority of the outstanding shares of the Company. All other items were approved if the number of shares voted for exceeded the number of shares voted against, excluding abstentions. (1) All nominees for election to the Chevron Board of Directors (“Board”) were elected, each for a one-year term, based upon the following votes: Nominee Votes For Votes Against Abstentions Broker Non-Votes Wanda M. Austin 1,196,462,237 98.0% 23,876,507 4,802,735 261,641,015 John B. Frank 1,191,704,410 97.7% 28,503,884 4,933,185 261,641,015 Alice P. Gast 1,190,851,057 97.6% 29,547,837 4,742,585 261,641,015 Enrique Hernandez, Jr. 1,158,584,489 95.0% 61,065,031 5,491,959 261,641,015 Marillyn A. Hewson 1,202,605,046 98.6% 17,747,813 4,788,620 261,641,015 Jon M. Huntsman Jr. 1,128,008,849 92.4% 92,277,674 4,854,956 261,641,015 Charles W. Moorman 1,175,862,077 96.4% 44,308,083 4,971,319 261,641,015 Dambisa F. Moyo 1,201,096,530 98.5% 18,958,592 5,086,357 261,641,015 Debra Reed-Klages 1,187,607,291 97.4% 32,229,378 5,304,810 261,641,015 D. James Umpleby III 1,205,336,219 98.8% 14,315,249 5,490,011 261,641,015 Cynthia J. Warner 1,197,595,849 98.1% 22,730,866 4,814,764 261,641,015 Michael K. Wirth 1,172,237,543 96.1% 47,951,647 4,952,289 261,641,015 (2) The Board’s proposal to ratify the appointment of PricewaterhouseCoopers LLP as Chevron’s independent registered public accounting firm for 2025 was approved based upon the following votes: Votes For 1,428,369,837 96.3% Votes Against 55,418,926 3.7% Abstentions 2,993,731 Broker Non-Votes Brokers were permitted to cast stockholder non-votes (i.e., uninstructed shares) at their discretion on this proposal item, and such non-votes are reflected in the votes for or against or abstentions. (3) The Board’s proposal for stockholders to approve, on an advisory basis, the compensation of Chevron’s named executive officers was approved based upon the following votes: Votes For 1,145,531,376  94.0% Votes Against 72,861,120  6.0% Abstentions 6,748,983  Broker Non-Votes 261,641,015 (4) The Board’s proposal to amend the Company’s Charter to provide for officer exculpation was approved based upon the following votes: Votes For 1,091,796,601 62.51%* Votes Against 127,303,537 7.3%* Abstentions 6,041,341 Broker Non-Votes 261,641,015 * As a percentage of outstanding shares. (5) The stockholder proposal to commission a third-party report on human rights practices was not approved based upon the following votes: Votes For 126,949,782 10.5% Votes Against 1,084,087,293 89.5% Abstentions 14,104,404 Broker Non-Votes 261,641,015 (6) The stockholder proposal to report on renewable energy stranded asset risks was not approved based upon the following votes: Votes For 17,782,256 1.5% Votes Against 1,193,014,263 98.5% Abstentions 14,344,960 Broker Non-Votes 261,641,015 (7) The stockholder proposal to allow holders of 10 percent of our common stock to call special meetings was not approved based upon the following votes: Votes For 301,141,788 24.7% Votes Against 918,383,535 75.3% Abstentions 5,616,156 Broker Non-Votes 261,641,015 Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 3.1 Res tated Certificate of Incorporation of Chevron Corporation, dated May 28, 2025. 104 Cover Page Interactive Data File, formatted in Inline XBRL. SIGNATURES 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. Dated: May 30, 2025 CHEVRON CORPORATION By: /s/ Christopher A. Butner Christopher A. Butner Assistant Secretary and Senior Counsel
Filing details
Ticker
CVX
CIK
93410
Form type
8-K
Filing date
May 30, 2025
Report date
May 28, 2025
Document
cvx-20250528.htm
Size
273 KB
CVX 8-K (May 30, 2025) — FilingIndex