Form 8-K
8-K — APA Corp
Accession: 0001841666-26-000037
Filed: 2026-05-26
Period: 2026-05-21
CIK: 0001841666
SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Submission of Matters to a Vote of Security Holders
Item: Financial Statements and Exhibits
Documents
8-K — apa8k-20260521.htm (Primary)
EX-10.1 (ex101thirdamendmentto2016o.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: apa8k-20260521.htm · Sequence: 1
apa8k-20260521
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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 21, 2026
APA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 001-40144 86-1430562
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
2000 W Sam Houston Pkwy S, Suite 200
Houston, Texas 77042-3643
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (713) 296-6000
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:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Trading
Name of each exchange
Title of each class
Symbol(s)
on which registered
Common Stock, $0.625 par value APA Nasdaq Global Select Market
Nasdaq Texas, LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 21, 2026, APA Corporation (the “Company”) held its 2026 annual meeting of shareholders (the “Annual Meeting”). At the Annual Meeting, the Company’s shareholders approved the Third Amendment (the “Amendment”) to the Company’s 2016 Omnibus Compensation Plan, as amended (the “2016 Plan”), as disclosed in the Company’s definitive proxy statement on Schedule 14A for the Annual Meeting filed with the U.S. Securities and Exchange Commission on April 9, 2026 (the “Proxy Statement”). The Amendment (i) increased the number of shares authorized for issuance under the 2016 Plan by 24,160,000 shares and (ii) extended the term of the 2016 Plan through May 21, 2036. The Amendment previously had been approved by the board of directors of the Company, subject to shareholder approval.
The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Item 5.02 by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, there were 353,400,414 shares of the Company’s common stock, par value $0.625 per share, eligible to vote, of which 312,221,847 shares, or approximately 88.35%, were voted. The matters voted upon, the number of votes cast for or against, and the number of abstentions and broker non-votes, each rounded to the nearest whole share, were as stated below.
Proposal 1 — Election of Directors.
The following nominees for directors were elected to serve one-year terms expiring at the 2027 annual meeting of shareholders by the majority of shares voted, excluding abstentions and broker non-votes.
Nominee For Against Abstentions Broker Non-Votes
Annell R. Bay 269,919,835 7,802,862 409,361 34,089,789
John J. Christmann IV 275,118,068 2,608,513 405,477 34,089,789
Juliet S. Ellis 271,823,321 5,685,806 622,931 34,089,789
Kenneth M. Fisher 276,348,675 1,366,864 416,519 34,089,789
Charles W. Hooper 274,795,166 2,918,985 417,906 34,089,789
Chansoo Joung 274,003,759 3,708,825 419,474 34,089,789
H. Lamar McKay 276,435,125 1,286,135 410,798 34,089,789
Peter A. Ragauss 274,587,738 3,118,147 426,173 34,089,789
David L. Stover 275,026,460 2,699,058 406,540 34,089,789
Anya Weaving 275,421,441 2,081,920 628,696 34,089,789
Proposal 2 — Ratification of Appointment of Independent Auditor.
The appointment of Ernst & Young LLP as the Company’s independent auditor for fiscal year 2026 was ratified by the majority of shares voted, excluding abstentions and broker non-votes.
For Against Abstentions Broker Non-Votes
307,082,415 4,653,628 485,804 0
Proposal 3 — Non-Binding Advisory Vote on Executive Compensation.
In a non-binding advisory vote to approve the compensation of the Company’s named executive officers as disclosed in the Proxy Statement (commonly known as “say on pay”), the compensation of the Company’s named executive officers was approved by the majority of shares voted, excluding abstentions and broker non-votes.
For Against Abstentions Broker Non-Votes
238,710,645 38,762,516 658,897 34,089,789
Proposal 4 — Approval of Amendment to the 2016 Omnibus Compensation Plan.
The Amendment as disclosed in the Proxy Statement was approved by the majority of shares voted, excluding abstentions and broker non-votes.
For Against Abstentions Broker Non-Votes
266,499,823 10,989,332 642,903 34,089,789
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No. Description
10.1
Third Amendment to the 2016 Omnibus Compensation Plan, approved by shareholders May 21, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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 hereunto duly authorized.
APA CORPORATION
Date: May 26, 2026 By: /s/ Kimberly O. Warnica
Kimberly O. Warnica
Executive Vice President, Chief Legal Officer, and Corporate Secretary
EX-10.1
EX-10.1
Filename: ex101thirdamendmentto2016o.htm · Sequence: 2
Document
Exhibit 10.1
Third Amendment to the
APA CORPORATION
2016 Omnibus Compensation Plan
WHEREAS, APA Corporation, a Delaware corporation (the “Company”), sponsors and maintains the 2016 Omnibus Compensation Plan, originally effective May 12, 2016, and as amended prior to the date hereof (the “Plan”);
WHEREAS, the Company, pursuant to Section 17 of the Plan, has the right to amend the Plan, subject to such amendments being approved by the Board of Directors or the Management Development and Compensation Committee of the Company and by the stockholders of the Company if required to satisfy applicable statutory or regulatory requirements; and
WHEREAS, the Company desires to extend the term of the Plan and increase the number of shares of Stock authorized for issuance under the Plan.
NOW, THEREFORE, the Plan is amended as follows, effective as of the date set forth below, subject to approval by the Company’s stockholders:
1.Section 4.1 of the Plan is hereby amended and restated in its entirety to provide as follows:
4.1 Number of Shares. Subject to adjustments pursuant to Section 4.4 hereof, as of the Effective Date, up to (a) 25,500,000 shares of Stock are authorized for issuance under the Plan, plus (b) the number of shares of Stock subject to outstanding awards, as of the Effective Date, under the Prior Plan that on or after the Effective Date cease for any reason to be subject to such awards (other than shares tendered, surrendered, or withheld in connection with the exercise or settlement of such awards or the related tax withholding obligations), and subject to such restrictions or other provisions as the Committee may from time to time deem necessary. Subject to adjustments pursuant to Section 4.4 hereof, effective as of the date of this Third Amendment to the Plan, an additional 24,160,000 shares of Stock are authorized for issuance under the Plan. Notwithstanding the foregoing, the number of aggregate shares of Stock available for issuance under the Plan at any given time shall be reduced by (i) 1.0 share for each share of Stock granted in the form of Stock Options or Stock Appreciation Rights or (ii) 2.39 shares for each share of Stock granted in the form of any Award that is not a Stock Option or Stock Appreciation Right. During the duration of the Plan, no Eligible Person may be granted Options which in the aggregate cover in excess of 5 percent of the total shares of Stock authorized under the Plan. No Award may be granted under the Plan on or after May 21, 2036. The foregoing to the contrary notwithstanding, within the aggregate limit described in the first and second sentences of this Section 4.1, up to 49,660,000 shares of Stock may be issued pursuant to ISOs granted under the Plan.
2.Section 19 of the Plan is hereby amended and restated in its entirety to provide as follows:
Section 19
Duration of the Plan
The Plan shall terminate on May 21, 2036. No grants shall be awarded after such termination; however, the terms of the Plan shall continue to apply to all Awards outstanding when the Plan terminates.
Date: April 15, 2026
Attest: APA CORPORATION
/s/ Kyle W. Funderburk By: /s/ Castlen M. Kennedy
Kyle W. Funderburk
Assistant Secretary
Castlen M. Kennedy
Senior Vice President, Human Resources and Corporate Affairs
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