Phillips 66 Proxy Filing: Vote FOR Proposals

TL;DR

PSX proxy out, urging shareholders to vote FOR proposals at May 21st meeting. Vote your shares!

AI Summary

Phillips 66 filed a DEFA14A on May 19, 2025, related to its upcoming Annual Meeting of Shareholders on May 21st. The filing includes a letter to shareholders urging them to vote 'FOR' specific proposals, highlighting key issues on the ballot. The company is seeking shareholder support for its agenda at the meeting.

Why It Matters

This filing is crucial for shareholders as it outlines the company's recommendations and justifications for voting on key matters at the upcoming annual meeting, directly impacting corporate governance and shareholder influence.

Risk Assessment

Risk Level: low — This is a routine proxy filing for an annual shareholder meeting, not indicating any unusual or high-risk events.

Key Players & Entities

• Phillips 66 (company) — Registrant and filer of the DEFA14A
• May 19, 2025 (date) — Date of the filing and press release
• May 21st (date) — Date of the Annual Meeting of Shareholders

FAQ

From the Filing

0001193125-25-122494.txt : 20250519 0001193125-25-122494.hdr.sgml : 20250519 20250519164402 ACCESSION NUMBER: 0001193125-25-122494 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20250519 DATE AS OF CHANGE: 20250519 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: 25964635 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 d15921ddefa14a.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 19, 2025, Phillips 66 issued the following press release. Phillips 66 Issues Letter to Shareholders Highlights Key Issues on the Ballot at May 21 st Annual Meeting Phillips 66 Urges Shareholders to Vote “FOR” ONLY Phillips 66’s Nominees on the WHITE Proxy Card HOUSTON, May 19, 2025 – Phillips 66 (NYSE:PSX) today sent a letter to shareholders highlighting the key issue s on the ballot at its Annual Meeting on May 21. The full text of the Independent Directors of the Board’s letter to shareholders follows: Dear Fellow Shareholders, As the Independent Directors of the Board of Phillips 66, it is our fiduciary duty to protect the rights of all shareholders and oversee the Company to drive long-term shareholder value. As part of our focus on long-term value, we want to center your attention on three core issues that are most important to your vote at our May 21 st Annual Meeting. These issues are: 1) The Quality of Our Nominees At Phillips 66, we are committed to delivering long-term value through a focused strategy, disciplined execution and the right board leadership to guide our transformation. Our four nominees offer the right combination of deep industry expertise, fresh perspectives and strong independent oversight to lead the Company through its next phase. It’s important to highlight that two of the Company’s nominees are new and one was identified by Elliott just last year. The analysis from proxy advisors recommended Elliott’s nominees without considering the relative strengths of the Company’s nominees. While proxy advisors have shared their opinions, the decision ultimately rests with you. Those seeking real change should focus on the qualifications of the candidates – regardless of who nominated them. Our nominees bring the skills, experience, and judgment needed to tackle the Company’s most critical priorities and to deliver sustainable value for all shareholders. • John Lowe has more than 30 years of experience in the energy sector and has consistently delivered tangible value in both executive and board roles at publicly traded energy companies. • Robert Pease is a true independent director on the Board of Phillips 66.