Diamondback Energy Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders
$FANG
Oil & Gas Production
Energy
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 20, 2026
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As part of the leadership transition plan previously announced by Diamondback Energy, Inc. (the “Company”) in its Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on February 20, 2025 (the “Original Form 8-K”), Travis D. Stice stepped down as Executive Chairman of the Board of Directors of the Company (the “Board”) and became non-executive Chairman of the Board, in each case effective as of May 20, 2026, the date of the Company’s 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”).
His full biography and, to the extent applicable, the information required by Item 404(a) of Regulation S-K with respect to Mr. Stice, are included in the Company’s definitive proxy statement on Schedule 14A, filed by the Company with the SEC on April 9, 2026 (the “2026 Proxy Statement”), and are incorporated into this Item 5.02 by reference.
As non-executive Chairman, Mr. Stice will be compensated in accordance with the Company’s compensation program for non-employee members of the Board as in effect from time to time. Through December 31, 2026, the Company will reimburse the cost of premiums for COBRA group health continuation coverage. The letter agreement with Mr. Stice setting forth the terms of his service as Executive Chairman and his transition to non-executive Chairman was filed as Exhibit 10.1 to the Original Form 8-K and is incorporated into this Item 5.02 by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
As discussed in Item 5.02 above, on May 20, 2026, the Company held the 2026 Annual Meeting at its headquarters located at Fasken Center, 500 West Texas Avenue, Midland, Texas 79701. At the 2026 Annual Meeting, the Company’s stockholders voted on four proposals, each of which is described in more detail in the 2026 Proxy Statement. The following is a brief description of each matter voted upon and the results of such voting, including the number of votes cast for each matter and the number of votes cast against, abstentions and broker non-votes, if applicable, with respect to each matter, and with respect to Proposal 3, in favor of holding a future advisory vote on the compensation paid to the Company’s named executive officers on a one-year, two-year or three-year basis. Voting results are, when applicable, reported by rounding fractional share voting up or down to the nearest whole number.
Proposal 1
Travis D. Stice, Vincent K. Brooks, Darin G. Holderness, Rebecca A. Klein, Stephanie K. Mains, Charles A. Meloy, Mark L. Plaumann, Robert K. Reeves, Lance W. Robertson, Melanie M. Trent, Frank D. Tsuru, Kaes Van't Hof and Steven E. West were elected to serve as the Company’s directors until the 2027 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified. The results of the stockholder vote on Proposal 1 were as follows:
| Name of Nominee | For | Against | Abstain | Non-Votes | ||||||||||||||||||||||
| Travis D. Stice | 245,001,012 | 4,645,408 | 128,706 | 14,899,987 | ||||||||||||||||||||||
| Vincent K. Brooks | 233,617,270 | 16,010,785 | 147,071 | 14,899,987 | ||||||||||||||||||||||
Darin G. Holderness | 248,520,600 | 1,119,653 | 134,873 | 14,899,987 | ||||||||||||||||||||||
| Rebecca A. Klein | 247,691,387 | 1,952,546 | 131,193 | 14,899,987 | ||||||||||||||||||||||
| Stephanie K. Mains | 248,489,008 | 1,154,952 | 131,166 | 14,899,987 | ||||||||||||||||||||||
Charles A. Meloy | 246,700,371 | 2,935,825 | 138,930 | 14,899,987 | ||||||||||||||||||||||
| Mark L. Plaumann | 242,371,379 | 7,262,887 | 140,860 | 14,899,987 | ||||||||||||||||||||||
Robert K. Reeves | 244,547,579 | 5,095,235 | 132,312 | 14,899,987 | ||||||||||||||||||||||
Lance W. Robertson | 245,238,726 | 4,402,765 | 133,635 | 14,899,987 | ||||||||||||||||||||||
| Melanie M. Trent | 243,766,461 | 5,790,516 | 218,149 | 14,899,987 | ||||||||||||||||||||||
| Frank D. Tsuru | 248,527,638 | 1,113,458 | 134,030 | 14,899,987 | ||||||||||||||||||||||
Kaes Van't Hof | 246,640,320 | 2,991,065 | 143,741 | 14,899,987 | ||||||||||||||||||||||
| Steven E. West | 246,404,396 | 3,231,042 | 139,688 | 14,899,987 | ||||||||||||||||||||||
Proposal 2
The Company’s stockholders approved, on an advisory basis, the compensation paid to the Company’s named executive officers. The results of the stockholder vote on Proposal 2 were as follows:
| For | Against | Abstain | Non-Votes | |||||||||||||||||
| 245,941,011 | 3,547,122 | 286,994 | 14,899,987 | |||||||||||||||||
Proposal 3
The Company’s stockholders approved, on an advisory basis, the frequency of holding an advisory vote on the compensation paid to the Company’s named executive officers. The results of the stockholder vote on Proposal 3 were as follows:
| 1 Year | 2 Years | 3 Years | Abstain | Non-Votes | ||||||||||||||||||||||
| 246,338,007 | 371,078 | 2,888,098 | 177,944 | 14,899,987 | ||||||||||||||||||||||
In light of these results, the Board determined that the Company will hold an advisory vote on the compensation paid to the Company’s named executive officers every year. The Company will re-evaluate this determination in connection with its next stockholder advisory vote regarding the frequency of future advisory votes on the compensation paid to the Company’s named executive officers, which shall be no later than the Company’s annual meeting of stockholders in 2032.
Proposal 4
The appointment of Grant Thornton LLP as the Company’s independent auditor for the fiscal year ending December 31, 2026 was ratified. The results of the stockholder vote on Proposal 4 were as follows:
| For | Against | Abstain | Non-Votes | |||||||||||||||||
| 263,223,128 | 1,308,991 | 142,994 | — | |||||||||||||||||
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.
| DIAMONDBACK ENERGY, INC. | ||||||||||||||
| Date: | May 20, 2026 | |||||||||||||
| By: | /s/ Teresa L. Dick | |||||||||||||
| Name: | Teresa L. Dick | |||||||||||||
| Title: | Executive Vice President, Chief Accounting Officer and Assistant Secretary | |||||||||||||