Phillips 66 Proxy Filing Includes Video Transcript

TL;DR

PSX proxy filing drops video transcript from Mark Lashi, check it out.

AI Summary

Phillips 66 filed a DEFA14A on April 15, 2025, providing a transcript of video content previously posted on LinkedIn. This filing includes a transcript of remarks by Mark Lashi, referencing previously filed video content. The document is a definitive proxy statement, indicating it's for shareholder voting.

Why It Matters

This filing provides shareholders with additional information and context regarding company communications, potentially influencing their voting decisions on matters presented in the proxy statement.

Risk Assessment

Risk Level: low — The filing is a standard proxy statement amendment and does not contain new financial information or significant corporate actions that would inherently increase risk.

Key Players & Entities

• Phillips 66 (company) — Registrant
• Mark Lashi (person) — Speaker in video transcript
• April 15, 2025 (date) — Filing date

FAQ

From the Filing

0001193125-25-081548.txt : 20250415 0001193125-25-081548.hdr.sgml : 20250415 20250415163627 ACCESSION NUMBER: 0001193125-25-081548 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20250415 DATE AS OF CHANGE: 20250415 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: 25840052 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 d944800ddefa14a.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 15, 2025, Phillips 66 posted the following material on LinkedIn which referenced portions of previously filed video content. A transcript of the reposted video content is provided below. VIDEO TRANSCRIPT MARK LASHIER: The reliable value that we create and strive to grow for you, our shareholders, is at risk due to Elliott’s shortsighted, risky proposals. VANESSA SUTHERLAND: Throughout its material, Elliott cherry-picks peers, makes comparisons to businesses that are not apples-to-apples comparisons, ignores the board’s established history of declassification efforts, and ignores the value that our integrated model provides to shareholders. The board remains open-minded to constructive dialog with its shareholders, including Elliott, but unequivocally rejects Elliott’s nominees and its risky, shortsighted plan. As a valued shareholder, the board recommends you vote for all four Phillips 66 nominees on the WHITE card. -1- The following contains statements by Phillips 66 that, from time to time, will be advertised on LinkedIn, and that will direct viewers to its website, https://www.phillips66delivers.com. VIDEO TRANSCRIPT MARK LASHIER: At Phillips 66, we’re all about reliable and predictable value creation for our shareholders. Since I stepped in as president and CEO in July of 2022, we’ve generated 67% of shareholder returns, significantly outperforming the S&P 500, S&P Energy Index and a basket of our peers. Our shareholders need to vote to protect our disciplined, long-term approach to managing our business, that drives sustainable value. -2- VIDEO TRANSCRIPT MARK LASHIER: At Phillips 66, we’re all about reliable and predictable value creation for our shareholders. Since I stepped in as president and CEO in July of 2022, we’ve generated 67% of shareholder returns, significantly outperforming the S&P 500, S&P Energy Index and a basket of our peers. Our shareholders need to vote to protect our disciplined, long-term approach to managing our business, that drives sustainable value. -3- VIDEO TRANSCRIPT MARK LASHIER: At Phillips 66, we’re all about reliable and predictable value creation for our shareholders. Since I stepped in as presiden