DEVON ENERGY CORP/DE - FORM 8-K

DEVON ENERGY CORP/DE - FORM 8-K - June 9, 2011

Attached files

Attached files

DEVON ENERGY CORP/DE Reports

file	filename
EX-3.1 - EX-3.1 - DEVON ENERGY CORP/DE	d82929exv3w1.htm

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): June 9, 2011 (June 8, 2011)

DEVON ENERGY CORPORATION

(Exact Name of Registrant as Specified in its Charter)


DELAWARE	001-32318	73-1567067
(State or Other Jurisdiction of	(Commission File Number)	(IRS Employer
Incorporation or Organization)		Identification Number)


20 NORTH BROADWAY, OKLAHOMA CITY, OK		73102
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (405) 235-3611

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:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On June 8, 2011, the Board of Directors of Devon Energy Corporation (“Devon”) adopted new Bylaws. The principal change effected by the adoption of the new Bylaws was to amend Article IX, Section 1 of the Bylaws to replace “66 2/3%” with “majority” to conform with the amendment provisions in the Company’s Amended and Restated Certificate of Incorporation.

In addition to the amendment described above, adoption of the new Bylaws effected various changes to clarify language and make other technical corrections and non-substantive modifications.

The Bylaws reflecting these changes are filed as Exhibit 3.1 to this report.

Item 5.07 Submission of Matters to a Vote of Security Holders

The Annual Meeting of Stockholders was held in Oklahoma City, Oklahoma on Wednesday, June 8, 2011. In connection with the meeting, proxies for the meeting were solicited pursuant to the Securities Exchange Act of 1934. The following are the voting results on proposals considered and voted upon at the meeting, all of which were described in Devon’s 2011 Proxy Statement.

1. Eight Directors were elected to serve on Devon’s Board of Directors for a term expiring in 2012. The vote tabulation with respect to the nominees is as follows:


	VOTES		AUTHORITY		BROKER
NOMINEE	FOR		WITHHELD		NON-VOTES

Robert H. Henry		298,931,687		35,118,260		38,590,766
John A. Hill		319,445,304		14,604,643		38,590,766
Michael M. Kanovsky		296,076,960		37,972,987		38,590,766
Robert A. Mosbacher, Jr.		322,115,928		11,934,019		38,590,766
J. Larry Nichols		324,069,472		9,980,475		38,590,766
Duane C. Radtke		326,267,553		7,782,394		38,590,766
Mary P. Ricciardello		331,008,717		3,041,230		38,590,766
John Richels		326,923,331		7,126,616		38,590,766


2.		The Board proposal seeking a non-binding advisory vote on our executive compensation was approved. The results of the vote are as follows:

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3. The Board proposal seeking a non-binding advisory vote of the stockholders on the frequency of advisory votes on executive compensation was approved in favor of one year as the frequency. The results of the vote are as follows:


ONE YEAR	TWO YEARS	THREE YEARS	VOTES ABSTAINED	BROKER NON-VOTES

283,685,459	853,222	48,328,748	1,182,518	38,590,766

Of the total votes cast, 84.92% voted for a frequency of one year, 0.25% voted for a frequency of two years and 14.46% voted for a frequency of three years. Based on these results, and consistent with the Board’s recommendation to Devon’s stockholders in connection with such vote, the Board has determined that, until the next vote on the frequency of holding advisory votes on executive compensation, Devon will hold a non-binding advisory vote on executive compensation every year. In accordance with the United States Securities and Exchange Commission regulations, Devon must hold votes on the frequency of holding such advisory votes at least once every six years.

4. The Board proposal to amend the Restated Certificate of Incorporation to Eliminate Supermajority Voting Provisions was approved. The results of the vote are as follows:

5. The Board proposal to amend and restate the Restated Certificate of Incorporation to Remove Unnecessary and Outdated Provisions was approved. The results of the vote are as follows:

6. The appointment of KPMG LLP as the Company’s Independent Auditors for 2011 was ratified. The results of the vote are as follows:

7. A shareholder proposal for Shareholder Action by Written Consent was approved. The results of the vote are as follows:

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Item 9.01 Financial Statements and Exhibits

(d) Exhibits


Exhibit No.		Description

Exhibit 3.1		Bylaws of Devon Energy Corporation

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SIGNATURES

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 hereto duly authorized.


	DEVON ENERGY CORPORATION
	By:	/s/ Carla D. Brockman
		Carla D. Brockman
		Vice President Corporate Governance and Secretary

Date: June 9, 2011

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VOTES FOR

VOTES AGAINST

VOTES ABSTAINED

BROKER NON-VOTES