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$SMC·8-K

Summit Midstream Corp · May 12, 4:58 PM ET

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Summit Midstream Corp 8-K

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Summit Midstream Corp Reports 2026 Annual Meeting Vote Results

What Happened
Summit Midstream Corporation (SMC) filed an 8-K on May 12, 2026 reporting the voting results from its May 7, 2026 Annual Meeting of Stockholders (record date March 31, 2026). Stockholders elected three Class II directors (J. Heath Deneke, Robert J. McNally, Carolyn J. Stone) and one Class II Class B director (James E. Herring, Jr.), ratified Deloitte & Touche LLP as the company’s independent registered public accounting firm for fiscal 2026, approved an advisory resolution on executive compensation, and approved Amendment No. 1 to the Summit Midstream Corporation 2024 Long-Term Incentive Plan.

Key Details

  • Directors elected to serve through the 2029 annual meeting:
    • J. Heath Deneke: 13,848,937 votes for; 3,943 withheld; 2,984,955 broker non-votes.
    • Robert J. McNally: 13,945,215 votes for; 213,665 withheld; 2,984,955 broker non-votes.
    • Carolyn J. Stone: 14,129,785 votes for; 29,095 withheld; 2,984,955 broker non-votes.
    • James E. Herring, Jr. (Class B): 6,524,467 votes for; 0 withheld/abstentions/broker non-votes.
  • Auditor ratification: Deloitte & Touche LLP ratified — 17,084,327 for; 55,629 withheld; 3,879 abstentions.
  • Advisory vote on executive compensation (non-binding): 11,996,010 for; 2,156,973 withheld; 5,897 abstentions; 2,984,955 broker non-votes.
  • Approval of Amendment No. 1 to the 2024 Long-Term Incentive Plan: 11,993,900 for; 2,163,605 withheld; 1,375 abstentions; 2,984,955 broker non-votes.

Why It Matters
These results confirm board continuity with the re-election of Class II directors and the Class B director, and they secure Deloitte as the external auditor for fiscal 2026. The advisory approval of executive compensation (non-binding) and the approved amendment to the LTIP affect the company’s governance and executive incentive framework—matters investors watch for alignment of management incentives and potential dilution. Substantial broker non-votes (2,984,955) appeared on several proposals, which can affect the total voting power exercised on routine corporate matters.

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