Phillips 66 Files Definitive Proxy Statement
Ticker: PSX · Form: DEFA14A · Filed: 2025-04-08T00:00:00.000Z
Sentiment: neutral
Topics: proxy-statement, regulatory-filing, governance
TL;DR
Phillips 66 dropped its proxy statement on 4/8/25 - shareholders vote soon.
AI Summary
Phillips 66 filed its definitive proxy statement on April 8, 2025, along with a press release. The filing, designated as DEFA14A, is a standard proxy statement used for shareholder meetings and related voting matters. It provides details for shareholders regarding the company's governance and proposals to be voted on.
Why It Matters
This filing is crucial for shareholders as it outlines the company's governance, executive compensation, and any proposals requiring a shareholder vote, impacting their investment decisions.
Risk Assessment
Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not contain new material information that would inherently increase risk.
Key Players & Entities
- Phillips 66 (company) — Registrant
- 0001193125-25-075792 (filing_id) — Accession Number
- April 8, 2025 (date) — Filing Date
FAQ
What is the purpose of a DEFA14A filing?
A DEFA14A filing, also known as a Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for an upcoming shareholder meeting, providing details on matters to be voted upon.
When did Phillips 66 file its definitive proxy statement?
Phillips 66 filed its definitive proxy statement on April 8, 2025.
What is the SIC code for Phillips 66?
The Standard Industrial Classification (SIC) code for Phillips 66 is 2911, which corresponds to Petroleum Refining.
Where is Phillips 66 headquartered?
Phillips 66 is headquartered in Houston, Texas, with its business and mailing address listed as 2331 Citywest Blvd., Houston, TX 77042.
What type of filing is this document?
This document is a DEFA14A, which is a Definitive Proxy Statement filed with the SEC.
From the Filing
0001193125-25-075792.txt : 20250408 0001193125-25-075792.hdr.sgml : 20250408 20250408164514 ACCESSION NUMBER: 0001193125-25-075792 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 86 FILED AS OF DATE: 20250408 DATE AS OF CHANGE: 20250408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Phillips 66 CENTRAL INDEX KEY: 0001534701 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation EIN: 453779385 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-35349 FILM NUMBER: 25822532 BUSINESS ADDRESS: STREET 1: 2331 CITYWEST BLVD. CITY: HOUSTON STATE: TX ZIP: 77042 BUSINESS PHONE: 832-765-3010 MAIL ADDRESS: STREET 1: 2331 CITYWEST BLVD. CITY: HOUSTON STATE: TX ZIP: 77042 DEFA14A 1 d920580ddefa14a.htm DEFA14A DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a party other than the Registrant ☐ CHECK THE APPROPRIATE BOX: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☒ Definitive Additional Materials ☐ Soliciting Material under §240.14a-12 Phillips 66 (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): ☒ No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 On April 8, 2025, Phillips 66 published a press release in conjunction with the filing of its definitive proxy statement. A copy of the text of that press release is provided below. Phillips 66 Files Definitive Proxy Statement and Issues Letter to Shareholders Highlights Results of Transformative Strategy and Path to Future Value Creation Demonstrates Elliott’s Thesis is Based on Flawed Assumptions and Changes Would be Destructive to Long-Term Shareholder Value Urges Shareholders to Vote “FOR” ONLY Phillips 66’s Nominees on the WHITE Proxy Card HOUSTON, April 8, 2025 - Phillips 66 (NYSE:PSX) today announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders on May 21, 2025. Shareholders of record as of the close of business on April 4, 2025 are entitled to vote at the meeting. In addition, the Board wrote a letter to shareholders that highlights valuable information to make an informed voting decision, including: • The consistent, compelling value Phillips 66 delivers for its shareholders; • The bold steps Phillips 66 has taken to drive shareholder value under Mark Lashier’s leadership; • Progress made across business areas and future actions that will drive continued outperformance; • Phillips 66’s track record of allocating capital effectively and prioritizing consistent shareholder returns across economic and industry cycles; and • How Elliott’s misguided proposals will disrupt Phillips 66’s momentum by pushing for irreversible change that will destroy shareholder value. Phillips 66 also published a video on Phillips66Delivers.com, which reiterates Phillips 66’s differentiated platform, transformative strategy, approach to capital allocation and history of engagement with Elliott Investment Management (“Elliott”). The full text of the Board’s letter to shareholders follows: Dear Fellow Shareholders, Thank you for your investment in Phillips 66 and your continued support. The Board is committed to protecting your investment and focused on sustainable long-term value creation. For twelve ye