Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Amendment and Restatement of The Williams Companies, Inc. 2007 Incentive Plan
At The Williams Companies, Inc.'s (the "Company's") 2026 Annual Meeting of Stockholders (the "Annual Meeting") held on Tuesday, April 28, 2026, the Company's stockholders approved the Amendment and Restatement of The Williams Companies, Inc. 2007 Incentive Plan (the "Amendment to the Incentive Plan") to increase the number of issuable shares from 50,000,000 to 85,000,000, remove the plan expiration date, increase the annual director equity grant limit, eliminate share recycling for tax withholding, remove certain change in control provisions, and make other amendments. The Company's Board of Directors approved the Amendment to the Incentive Plan on January 27, 2026, subject to stockholder approval, and the Amendment to the Incentive Plan became effective with such stockholder approval on April 28, 2026. A summary of the Amendment to the Incentive Plan is available in the Company's definitive proxy statement (the "Proxy Statement") filed with the Securities and Exchange Commission ("SEC") on March 18, 2026. The summary of the Amendment to the Incentive Plan is qualified in its entirety by reference to the full text of the Amendment to the Incentive Plan, which is filed as Exhibit 10.1 to this report and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the Company's stockholders considered and voted upon the following proposals, which are more fully described in the Company's Proxy Statement: (1) Elect Ten Director Nominees for a One-year Term; (2) Approve, on an Advisory Basis, the Compensation of our Named Executive Officers; (3) Approve the Amendment and Restatement of The Williams Companies, Inc. 2007 Incentive Plan to Increase the Number of Issuable Shares from 50,000,000 to 85,000,000, Remove the Plan Expiration Date, Increase the Annual Director Equity Grant Limit, Eliminate Share Recycling for Tax Withholding, Remove Certain Change in Control Provisions, and Make Other Amendments; (4) Approve the Amendment and Restatement of The Williams Companies, Inc. 2007 Employee Stock Purchase Plan to Increase the Number of Issuable Shares from 5,200,000 to 7,200,000, Extend the Term Six Years, and Make Other Amendments; and (5) Ratify the Selection of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for the Fiscal Year ending December 31, 2026. The following are the final voting results:
1.Each of the director nominees was elected to the Company's Board of Directors to serve a one-year term expiring at the Company's next annual meeting of stockholders. Voting results were as follows:
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NOMINEE
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER NON-VOTES
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Stephen W. Bergstrom
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930,781,739
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55,362,318
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696,707
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112,666,349
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Michael A. Creel
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959,737,431
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26,408,556
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694,777
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112,666,349
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Carri A. Lockhart
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968,040,479
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17,897,570
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902,715
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112,666,349
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Richard E. Muncrief
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916,933,228
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69,072,484
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835,052
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112,666,349
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Peter A. Ragauss
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943,939,673
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42,087,397
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813,694
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112,666,349
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Rose M. Robeson
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963,977,417
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22,102,528
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760,819
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112,666,349
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Scott D. Sheffield
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966,353,013
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19,779,222
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708,529
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112,666,349
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William H. Spence
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934,819,845
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51,284,202
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736,717
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112,666,349
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Jesse J. Tyson
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944,728,304
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40,808,094
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1,304,366
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112,666,349
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Chad J. Zamarin
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970,347,236
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15,789,776
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703,752
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112,666,349
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2.Stockholders approved, on an advisory basis, the compensation of our named executive officers. The voting results were as follows:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER NON-VOTES
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954,373,556
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29,628,316
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2,838,892
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112,666,349
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3.Stockholders approved the Amendment and Restatement of The Williams Companies, Inc. 2007 Incentive Plan to increase the number of issuable shares from 50,000,000 to 85,000,000, remove the plan expiration date, increase the annual director equity grant limit, eliminate share recycling for tax withholding, remove certain change in control provisions, and make other amendments. The voting results were as follows:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER NON-VOTES
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964,237,215
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20,032,496
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2,571,053
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112,666,349
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4.Stockholders approved the Amendment and Restatement of The Williams Companies, Inc. 2007 Employee Stock Purchase Plan to increase the number of issuable shares from 5,200,000 to 7,200,000, extend the term six years, and make other amendments. The voting results were as follows:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER NON-VOTES
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980,307,052
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5,151,480
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1,382,232
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112,666,349
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5.Ernst and Young LLP was ratified as the Company's independent registered public accounting firm for the year ending December 31, 2026. The voting results were as follows:
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VOTES FOR
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VOTES AGAINST
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ABSTENTIONS
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BROKER NON-VOTES
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1,034,329,205
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64,449,935
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727,973
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0
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Item 7.01. Regulation FD Disclosure.
In connection with the Company's 2026 Annual Meeting, the Company did not receive any stockholder questions.
In accordance with General Instruction B.2 of Form 8-K, the information furnished under this Item 7.01 on this Current Report on Form 8-K is deemed to be "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended or the Exchange Act.