Good day, welcome to the Devon Energy Corporation 2026 Annual Meeting of Stockholders. I would now like to turn the conference over to Tom Jorden. Please go ahead. Good morning, ladies and gentlemen. I am Tom Jorden, Chair of Devon Energy Corporation's Board of Directors. On behalf of the company and the rest of the board, I'd like to welcome you to the 2026 Annual Meeting of Stockholders. Thank you for joining us today. In accordance with the notice of the meeting, I will now call the meeting to order. As you know, we are hosting this year's annual meeting in a virtual-only format. Please note that this meeting is being recorded. We ask that no one attending via the web portal record this meeting. We will post a replay of this meeting on our website following the meeting. I'm pleased to introduce Clay Gaspar, Devon's President and Chief Executive Officer. I would also like to introduce and welcome Phillip Allbritten from CT Hagberg LLC, who is acting on behalf of Broadridge Financial Services. The company has appointed Mr. Allbritten to act as Inspector of Election. Thank you for joining us. This meeting will be conducted in conformity with Delaware General Corporation Law and Devon's Charter and bylaws. After the items of business for the meeting have been concluded, Clay will be available to respond to questions regarding the company's business that are of general interest to all stockholders. Clay's responses may include forward-looking statements. As a reminder, please refer to our latest SEC filings for a discussion of risks that may cause future events to differ from our current expectations. Only validated stockholders may ask questions in the designated field on the meeting website. Though we may not be able to answer every question, we'll do our best to provide a response to as many as possible or contact you after the meeting if we do not address your question during the meeting. Before proceeding to the business items, I'd like to introduce the members of the board standing for election today. In addition to me, the company's directors who have been nominated for election are Amanda Brock, Ann Fox, Clay Gaspar, Jacinto Hernandez, Kelt Kindick, Karl Kurz, Jeffrey Shellebarger, Brent Smolik, Marcus Watts, and Valerie Williams. We have an extraordinary group of directors. They have varied backgrounds, extensive business and leadership experience, and significant knowledge of the oil and gas industry. This diversity of thought and experience of our board members is a great asset to Devon, and our board members bring passion, acumen, and expertise in fulfilling their roles as directors of the company. In addition to our directors, I would also like to introduce and welcome Brad Ringleb, our Lead Audit Partner at KPMG LLP, the company's independent auditor. Mr. Rangliub is available to answer questions in today's meeting and has the opportunity to make a statement if he desires to do so. Mr. Allbritton has informed me that on May 18th, 2026, the record date of this meeting, there were 1,153,403,107 shares of common stock of Devon Energy Corporation outstanding and entitled to vote. Broadridge has delivered an oath of the Inspector of Election to the company and informed me that approximately 86.55% of the company's issued and outstanding stock entitled to vote is represented in person or by proxy at today's meeting. Therefore, I confirm that a quorum is present today. Notice of this meeting was duly given in accordance with the company's bylaws and Delaware law. Broadridge has delivered an affidavit certifying that the notice of this meeting and the related proxy solicitation materials were sent to each stockholder of record. Mr. Allbritton will tabulate the ballots cast and will certify the votes taken at this meeting. The voting results of today's meeting will be disclosed in a Form 8-K that will be filed with the SEC. With the proxy solicitation materials having been duly circulated and a quorum being present, I declare the meeting to be properly and lawfully convened and ready for the transaction of business. The polls are open for voting on the proposals. Shortly after proposals are presented and we respond to any questions, we will close the polls. I will now present three proposals to be voted upon at the meeting. Please note that we will allow time for stockholders to ask questions or make comments on the proposals after all proposals have been presented. The first item of business is the election of directors. The board of directors has nominated the 11 director nominees who were introduced to you earlier for election to a term expiring at the 2027 Annual Meeting of Stockholders, or until his or her successor has been duly elected and qualified. Additional information concerning each of the nominees was provided in the company's proxy statement for the meeting. The second item of business is the ratification of KPMG as the company's independent auditor for 2026. On the recommendation of the board's Audit Committee, the board of directors has appointed KPMG as the company's independent auditor for 2026, subject to ratification by the company's stockholders. The third item of business is the proposal regarding executive compensation. This proposal calls for a stockholder advisory vote to approve the compensation of our named executive officers. The proxy statement includes extensive disclosure on executive compensation, and the board recommends a vote for this proposal. It is a non-binding vote, although the board's compensation committee and full board take the results of the vote into account when making future compensation decisions. If any stockholder would like to ask a question or comment on any of the proposals, please submit your question or comment through the meeting website at this time. It does not appear that there are any questions or comments. Tom, you're welcome to proceed to voting on the proposals that have been presented. Any stockholder who has yet to vote or who wishes to change their vote may do so now by clicking on the voting button on the meeting website and following the instructions there. I would like to remind you that if you already voted by the internet or telephone or by mailing your proxy card, the designated proxies will vote your shares as you directed, and there is no need to vote today via the web portal. The majority of our stockholders have voted by proxy and are not virtually present here today. If you wish to change your vote, please do so now. We will close the polls momentarily. Now that everyone has had the opportunity to vote, I declare the polls closed for the 2026 annual meeting of stockholders. I would like to remind those in attendance that in order to pass, the items of business on the ballot today require the affirmative vote of the majority of shares present in person or by proxy and entitled to vote on the proposal. Based upon the preliminary report of the Inspector of Election, with respect to the first item of business, the tabulation of the ballots confirms that each director nominee received a greater number of votes for election than withheld, and the average percentage of shares voted for all nominees was 97.6%. All the nominees are declared to have been duly elected as directors. With respect to the second item of business, the tabulation of the ballots confirms that at least 94.84% of the shares at this meeting have been cast for ratification of KPMG's appointment. This constitutes a majority. Therefore, the appointment of KPMG as the company's independent auditor for 2026 has been ratified. With respect to the third item of business, the tabulation of the ballots confirms that at least 94.68% of the shares at this meeting has been cast for the approval of the compensation of the named executive officers. This constitutes a majority. Therefore, the advisory vote on the compensation of the named executive officers has been approved. This concludes the formal business portion of the meeting. Mr. Allbritten will certify the voting results for each item of business and will file his final report with the corporate secretary. With that, the business portion of the meeting is hereby adjourned. At this time, we will respond to questions that are of general interest to all stockholders. Marcus, have we received any general interest questions from our stockholders? Tom, the web portal for submitting questions has been open since 9:45 A.M. Central Time this morning. We have not received any questions. With that, we can conclude the meeting. Thank you for joining Devon's 2026 annual meeting of stockholders. Stockholders are welcome to contact us after the annual meeting through the investor relations portal on our website. Thank you. The meeting is adjourned. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.
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