Phillips 66 Files Proxy Materials, Features Board Discussion

TL;DR

PSX proxy filing dropped, includes video chat with new board member Bob. Looks like they're talking about his first year.

AI Summary

Phillips 66 filed a DEFA14A on May 8, 2025, containing materials related to their proxy statement. This filing includes a transcript of a LinkedIn video featuring Glenn Tilton and Bob, who joined the Phillips 66 Board a year ago. The transcript indicates a discussion about Bob's tenure and contributions since joining the board.

Why It Matters

This filing provides shareholders with important information regarding the company's governance and board activities, influencing investor decisions and proxy voting.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain information that suggests immediate or significant risk.

Key Players & Entities

• Phillips 66 (company) — Registrant
• Glenn Tilton (person) — Speaker in video transcript
• Bob (person) — Board member and speaker in video transcript
• 2331 CITYWEST BLVD. (location) — Phillips 66 Business and Mail Address
• HOUSTON, TX 77042 (location) — Phillips 66 Business and Mail Address

FAQ

From the Filing

0001193125-25-116022.txt : 20250508 0001193125-25-116022.hdr.sgml : 20250508 20250508163352 ACCESSION NUMBER: 0001193125-25-116022 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 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: 25926861 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 d61487ddefa14a.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 (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 May 8, 2025, Phillips 66 posted the following material on LinkedIn. A transcript of the video is provided below. VIDEO TRANSCRIPT GLENN TILTON : So, Bob, you joined our Board, Phillips 66, a year ago, and you certainly joined in an interesting time. So how would you describe the experience so far? BOB PEASE : I came in ready to challenge, and I didn’t know how responsive the Board would be. Or management. The training I got, the introduction to staff, the ability to speak with Mark, the ability to speak with any of his staff, was outstanding. So I immediately had the opportunity to step right in. But I think probably what I was most impressed with was the composition of the Board and the leadership team and the breadth of experiences, and how open the dialog was. GLENN TILTON : So before we go a little further, talk to me a little more about the onboarding experience. You’ve got the opportunity to meet with each of the segment leaders and their teams. And you’ve done so, of course, throughout the course of the year. How did that help you understand the connectivity of the integrated business model that we have here at Phillips 66? -2- BOB PEASE : Well, it was it was essential because you can see it on a diagram, how the parts seem to fit together. And why there is benefit in integration. But until you actually get a chance to understand it’s more than just the physical flows, it is how you optimize between them. It’s how you capture value, how you manage and reduce risk by having the exposures to be able to pick between how you operate, where you send products, how you share learnings across the business. -3- Forward-Looking Statements This document contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “committed,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies&#