Phillips 66 Responds to Goff Letter in DEFA14A Filing
Ticker: PSX · Form: DEFA14A · Filed: 2025-04-09T00:00:00.000Z
Sentiment: neutral
Topics: proxy-statement, press-release, response
Related Tickers: PSX
TL;DR
PSX fires back at Goff, filing official response to his letter.
AI Summary
On April 9, 2025, Phillips 66 issued a press release in response to a letter from Gregory J. Goff. The filing includes the text of this press release, which is titled 'Phillips 66 Sets the Record Straight'. This document is a Definitive Additional Material filing (DEFA14A) related to the company's proxy statement.
Why It Matters
This filing provides Phillips 66's official response to external communications, offering shareholders insight into the company's perspective on potentially contentious matters.
Risk Assessment
Risk Level: low — The filing is a response to a letter and provides additional materials for a proxy statement, not a new event or significant financial change.
Key Players & Entities
- Phillips 66 (company) — Registrant
- Gregory J. Goff (person) — Sender of a letter to Phillips 66
- 2331 CITYWEST BLVD. (location) — Phillips 66 business and mailing address
- HOUSTON, TX 77042 (location) — Phillips 66 business and mailing address
FAQ
What is the purpose of this DEFA14A filing?
This DEFA14A filing serves as Definitive Additional Materials, providing the text of a press release issued by Phillips 66 on April 9, 2025, in response to a letter from Gregory J. Goff.
When was the press release mentioned in the filing issued?
The press release was issued on April 9, 2025.
Who is Gregory J. Goff in the context of this filing?
Gregory J. Goff is identified as the sender of a letter to Phillips 66, to which the company issued a press release in response.
What is the title of the press release included in the filing?
The title of the press release is 'Phillips 66 Sets the Record Straight'.
What is the standard industrial classification for Phillips 66?
The Standard Industrial Classification for Phillips 66 is PETROLEUM REFINING [2911].
From the Filing
0001193125-25-076883.txt : 20250409 0001193125-25-076883.hdr.sgml : 20250409 20250409163532 ACCESSION NUMBER: 0001193125-25-076883 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20250409 DATE AS OF CHANGE: 20250409 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: 25825599 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 d941538ddefa14a.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 9, 2025, Phillips 66 published a press release in response to a letter released by Gregory J. Goff. A copy of the text of that press release is provided below. Phillips 66 Sets the Record Straight on Gregory J. Goff’s Relationship with Elliott Management HOUSTON, April 9, 2025 - Phillips 66 (NYSE:PSX) (the “Company”) today responded to a letter released by Gregory J. Goff to Phillips 66 Shareholders. The Board of Phillips 66 has issued the following statement: “Gregory Goff is clearly affiliated with Elliott Management. As of this morning, he remains featured as CEO of Amber Energy, an entity that Elliott has backed in its bid for Citgo, a Phillips 66 competitor. This important and obvious fact about a clear conflict of interest was never mentioned in Mr. Goff’s communication and is plainly misleading to shareholders. The notion he is an investor independent of Elliott is obviously false. This stunt reflects Elliott’s growing desperation to convince real investors to support its shortsighted, rushed breakup of Phillips 66. We will continue to engage with all investors on the facts and remain confident that those investors value the reliable $43 billion 1 dollars of value we have returned through volatile market cycles.” About Phillips 66 Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn. Jeff Dietert (investors) 832-765-2297 jeff.dietert@p66.com Owen Simpson (investors) 832-765-2297 owen.simpson@p66.com Thaddeus Herrick (media) 855-841-2368 thaddeus.f.herrick@p66.com 1 Shareholder distribution through dividends paid on common stock and repurchases of common stock. Also on April 9, 2025, Phillips 66 posted the following material on