Published 5 days ago • loading... • Updated 4 days ago

Elliott Management Presents the Choice for Phillips 66 Shareholders

On May 6, 2025, from West Palm Beach, Florida, Elliott Investment Management L.P. Disclosed a presentation for investors named "Streamline 66: The Choice for Shareholders."
As of December 31, 2024, Elliott, which manages around $72.7 billion in assets, is among the top five shareholders in Phillips 66 and has submitted formal proxy materials, including a universal proxy card, to the SEC to support the upcoming shareholder vote.
The proxy statement solicits votes for Elliott's director candidates and other proposals for the Phillips 66 annual meeting scheduled for May 21, 2025.
Elliott criticizes Phillips 66’s current leadership for accepting unsatisfactory results and maintaining existing practices, while proposing that directors nominated by shareholders could strengthen oversight and accountability.
Elliott's campaign signals potential leadership changes and aims to strengthen Phillips 66 based on experience, results, and shareholder choice ahead of the 2025 annual meeting.

Insights by Ground AI

Does this summary seem wrong?

49 Articles

All

Left

Center

Right

The Conway Daily Sun

+47 Reposted by 47 other sources

Center

Elliott Management Presents the Choice for Phillips 66 Shareholders

PSX Leadership Supports Poor Performance and the Status Quo

5 days ago

Read Full Article

CRN

Report: Activist Investor Elliott Is Pushing For HPE CEO Antonio Neri’s Removal, Partners Plead Don’t Ignore HPE Transformation

Here is a look at how Hewlett Packard Enterprise partners feel about activist investor Elliott Investment Management reportedly moving to replace HPE CEO Antonio Neri.

4 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year