Murphy Oil Corporation is switching to a virtual-only format for its annual stockholders meeting.
The El Dorado-based oil company announced that it will be holding its 2020 stockholders meeting on May 13, starting at 2 p.m., in a virtual format. Murphy shifted to the new format “in the interest of the health and safety of everyone” due to COVID-19 concerns, according to a company news release.
Attendance at the meeting will be open to stockholders of record as of close of business on March 16, 2020. In addition, company employees and guests will be able to attend the annual meeting. Stockholders with Murphy common stock as of March 16 will be able to participate in the meeting.
To be admitted to the meeting and be allowed to vote and ask questions, stockholders will be required to provide their control number, proxy card or voting instruction form. Individuals without a control number can attend but cannot ask questions or vote.
In a letter to stockholders, Murphy vice president and corporate secretary E. Ted Botner encouraged participants to log in to the website hosting the meeting before the start time of 2 p.m. The check-in period is scheduled to start 15 minutes before the meeting’s opening.
During the meeting, shareholders will consider four proposals. These proposals include the election of directors, an advisory vote to approve executive compensation, approval of the proposed 2020 long-term incentive plan, and approval of appointment of an independent registered public accounting firm.
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