Shareholders give DT Midstream (NYSE: DTM) board strong backing, split on proposals
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
DT Midstream, Inc. reported shareholder voting results from a recent meeting. Stockholders elected seven directors, including Angela Archon, Stephen Baker, Elaine Pickle, Robert Skaggs Jr., David Slater, Peter Tumminello, and Dwayne Wilson, with each receiving over 75 million votes in favor.
Shareholders also voted on three additional proposals. One proposal received 90,757,445 votes for and 118,130 against, with 121,918 abstentions. Another proposal drew 76,623,351 votes for and 3,153,825 against, with 316,109 abstentions. A separate proposal saw 24,147,571 votes for and 55,537,388 against, indicating more opposition than support. Each proposal also recorded 10,904,208 broker non-votes where applicable.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Votes for Angela Archon: 75,287,436 votes
Votes for Elaine Pickle: 79,571,862 votes
Proposal 1 votes for: 90,757,445 votes
+3 more
6 metrics
Votes for Angela Archon
75,287,436 votes
Director election at shareholder meeting
Votes for Elaine Pickle
79,571,862 votes
Director election at shareholder meeting
Proposal 1 votes for
90,757,445 votes
Shareholder proposal with 118,130 against and 121,918 abstentions
Proposal 2 votes for
76,623,351 votes
Shareholder proposal with 3,153,825 against and 316,109 abstentions
Proposal 3 votes against
55,537,388 votes
Shareholder proposal with 24,147,571 for and 408,326 abstentions
Broker non-votes
10,904,208 shares
Reported for director elections and each proposal
Key Terms
Emerging growth company, Broker Non-Votes, Common stock
3 terms
Emerging growth company regulatory
"Emerging growth company [TABLE]"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Broker Non-Votes financial
"Total Votes Withheld From Each Director | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
Common stock financial
"Common stock, par value $0.01 | | DTM | | New York Stock Exchange"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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 5, 2026
Commission File Number: 1-40392
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(State or other jurisdiction of incorporation or organization)
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(I.R.S Employer Identification No.)
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Registrant's address of principal executive offices: 500 Woodward Ave ., Suite 2900 , Detroit , Michigan 48226-1279
Registrant’s telephone number, including area code: (313 )
402-8532
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading
Symbol(s)
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Name of Exchange on
which Registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under Exchange
Act (17 CFR 240.12b-2).
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 5.07. |
Submission of Matters to a Vote of Security Holders.
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The Annual Meeting was held on May 5, 2026.
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| (b) |
At the Annual Meeting:
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| (i) |
The director nominees named in the Proxy, Angela Archon, Stephen Baker, Elaine Pickle, Robert Skaggs, Jr., David Slater, Peter Tumminello and Dwayne Wilson, were each elected to the Board of Directors of the
Company for a one-year term expiring in 2027, with the votes shown:
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Total Votes For Each Director
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Total Votes Withheld
From Each Director
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Broker Non-Votes
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Angela Archon
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75,287,436
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4,805,849
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10,904,208
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Stephen Baker
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78,959,305
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1,133,980
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10,904,208
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Elaine Pickle
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79,571,862
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521,423
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10,904,208
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Robert Skaggs, Jr.
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79,831,086
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262,199
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10,904,208
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David Slater
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78,588,234
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1,505,051
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10,904,208
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Peter Tumminello
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79,475,725
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617,560
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10,904,208
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Dwayne Wilson
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78,365,732
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1,727,553
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10,904,208
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Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with the votes shown:
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For
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Against
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Abstentions
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Broker Non-Votes
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90,757,445
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118,130
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121,918
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-
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| (iii) |
Stockholders approved, on an advisory (non-binding) basis, the compensation of the Company’s Named Executive Officers, with the votes shown:
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For
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Against
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Abstentions
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Broker Non-Votes
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76,623,351
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3,153,825
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316,109
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10,904,208
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The stockholder proposal as set forth in the Proxy was not properly presented for a vote because the proponent failed to present the proposal personally or through a qualified representative at the Annual
Meeting. If the stockholder proposal had been properly presented, the proposal would not have been approved by the Stockholders, with the votes shown:
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For
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Against
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Abstentions
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Broker Non-Votes
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24,147,571
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55,537,388
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408,326
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10,904,208
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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.
| Date: May 7, 2026 | |||
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DT MIDSTREAM, INC.
(Registrant)
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by
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/s/ Wendy Ellis
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Name:
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Wendy Ellis | ||
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Title:
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General Counsel and Corporate Secretary | ||
FAQ
What did DT Midstream (DTM) disclose in this 8-K filing?
DT Midstream disclosed the results of shareholder votes at a recent meeting. The filing details director elections and three additional proposals, including vote counts for, against, abstentions, and broker non-votes for each item considered by stockholders.
What are broker non-votes in the DT Midstream (DTM) results?
Broker non-votes are shares held by brokers that were not voted on certain proposals. In this meeting, 10,904,208 broker non-votes were reported for the director elections and each of the three additional proposals, affecting how total voting participation is interpreted.
Did any DT Midstream (DTM) proposal face significant opposition?
Yes. One proposal received 24,147,571 votes for and 55,537,388 against, plus 408,326 abstentions. This means more votes were cast against than for that item, contrasting with the stronger support observed on the other two proposals.