DENBURY INC. 2023-2024 Proxy Voting Records

Description as filed by funds: The Merger Agreement Proposal: To approve and adopt the Agreement and Plan of Merger, dated July 13, 2023, pursuant to which, among other things, EMPF Corporation, a wholly owned subsidiary of Exxon Mobil Corporation ("ExxonMobil"), will merge with and into Denbury Inc. ("Denbury"), and each outstanding share of Denbury common stock, par value $0.001 per share, will be converted into the right to receive 0.840 shares of ExxonMobil common stock, without par value (the "Merger"); and

DENBURY INC.’s own tally for this item (“The Merger Agreement Proposal”): 38,812,876 for, 49,545 against — passed, per its Form 8-K filed November 1, 2023 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “At the Special Meeting, the Merger Agreement Proposal was approved by the affirmative vote of holders of a majority of the outstanding shares of Denbury Common Stock on the record date and entitled to vote thereon.”
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Voting standard, as the filing states it: a majority of the shares outstanding (“majority of the outstanding”).

The 86 asset managers below reported 17,796,491 for, 15,079 against, 62,400 abstained.

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

Description as filed by funds: The Advisory Compensation Proposal: To approve, on an advisory (non-binding) basis, certain compensation that may be paid or become payable to Denbury's named executive officers in connection with the Merger.

DENBURY INC.’s own tally for this item (“The Advisory Compensation Proposal”): 32,040,559 for, 6,458,712 against — passed, per its Form 8-K filed November 1, 2023 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “At the Special Meeting, the Advisory Compensation Proposal was approved, on a non-binding advisory basis, by the affirmative vote of the majority of the voting power present or represented by proxy at the Special Meeting and entitled to vote thereon.”
Support: 83% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Voting standard, as the filing states it: a majority of the shares outstanding (“majority of the voting power”).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 83 managers: 15,375,466 for, 2,449,405 against, 8,394 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 170 managers: 20,101,783 for, 4,471,311 against, 47,717 abstained, 577 unknown. Showing the 25 largest; see all in the interactive database.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports, all 2 managers: 2,231 for, 10,505 against.

Institutional-manager reports, all 3 managers: 1,112,554 for.