Elliott Sends Letter to Shareholders and Mails Definitive Proxy Materials Outlining Why Board Change is Needed at Phillips 66 [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
Identifies Slate of Four Highly Qualified Independent Director Candidates with Decades of Experience in Refining, Midstream Operations and Corporate Governance More Information at Streamline66.com WEST PALM BEACH, Fla. April 3, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66 (NYSE: PSX) (the "Company" or "Phillips"), today sent a letter to the Company's shareholders highlighting why change is urgently needed on the Phillips Board of Directors (the "Board"). In the letter, Elliott made the case that Phillips investors' patience has been punished, and a new lineup on the Board is necessary to reverse the Company's long-term underperformance and improve its poor corporate governance practices. Elliott also filed definitive proxy materials in connection with Phillips' Annual Meeting of Stockholders (the "Annual Meeting"), which is currently scheduled for May 21, 2025 I
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News
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- Phillips 66 Sets $2.4 Billion Capital Budget for 2026 [Yahoo! Finance]Yahoo! Finance
- Phillips 66 announces 2026 capital budget [Yahoo! Finance]Yahoo! Finance
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- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- PSX's page on the SEC website