Phillips 66 CEO Appears on Veriten Podcast

TL;DR

PSX CEO Mark Lashier guested on a podcast, filed as additional proxy material.

AI Summary

On April 29, 2025, Phillips 66 Chairman and CEO Mark Lashier was a guest on Veriten's C.O.B. Tuesday podcast. The podcast episode was uploaded to Veriten's website, www.veriten.com, and is considered additional soliciting material related to Phillips 66's proxy statement.

Why It Matters

This filing indicates that Phillips 66 is using external media appearances by its CEO as part of its communication strategy, potentially influencing shareholder perception and engagement.

Risk Assessment

Risk Level: low — The filing is routine proxy material and does not contain significant new financial or strategic information that would immediately impact the stock price.

Key Players & Entities

• Phillips 66 (company) — Registrant
• Mark Lashier (person) — Chairman and Chief Executive Officer of Phillips 66
• Veriten (company) — Podcast host
• 20250429 (date) — Date of podcast upload and filing

FAQ

From the Filing

0001193125-25-104062.txt : 20250429 0001193125-25-104062.hdr.sgml : 20250429 20250429171811 ACCESSION NUMBER: 0001193125-25-104062 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20250429 DATE AS OF CHANGE: 20250429 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: 25889501 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 d946517ddefa14a.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 29, 2025, Veriten uploaded a podcast episode of the C.O.B. Tuesday podcast with Mark Lashier, Chairman and Chief Executive Officer of Phillips 66, participating as a guest, to its website https://www.veriten.com/, as well as to Apple podcasts, Spotify and YouTube. A transcript of the podcast is provided below. EPISODE TITLE : “You Have To Earn It Every Day” Featuring Mark Lashier, Phillips 66 EPISODE DESCRIPTION : Today we had the distinct pleasure of hosting Mark Lashier, Chairman and CEO of Phillips 66. Mark joined Phillips 66 as President and COO in 2021 and assumed the CEO role in July 2022. Prior to that, he served as the President and CEO of Chevron Phillips Chemical Company (CPChem), where he held several senior leadership roles, including Executive Vice President of Olefins and Polyolefins, Senior Vice President of Specialties, Aromatics and Styrenics, and Vice President of Corporate Planning and Development. Mark began his career at Phillips Petroleum and holds a doctorate in Chemical Engineering. Beyond his leadership at Phillips 66, he serves on the Executive Committee of the American Petroleum Institute and is a Board Member of the Greater Houston Partnership and several other nonprofit organizations. Mike, Arjun and I were thrilled to host Mark for this Special Edition to discuss Phillips 66’s recent performance, his strategic vision for the company, insights into today’s energy landscape, and the ongoing debate with Elliott Management. In our discussion, Mark shares background on his career and transition to CEO, his early priority of addressing improvements in Phillip 66’s refining segment, and the cultural transformation to re-instill pride and competitiveness amongst refiners, which involved engaging employees at all levels and investing in strategic capital projects to fix operational bottlenecks and improve reliability and earnings. We discuss Bob Pease’s addition to the board, who was originally nominated through Elliott’s engagement, and how he shifted from being skeptical to supportive of the company’s strategy, execution, and focus on shareholder returns. We explore the history and structure of CPChem, the benefit