Phillips 66 sends letter to shareholders urging a vote on the White proxy card

Phillips 66 (PSX) announced that it has filed its definitive proxy materials with the U.S. SEC in connection with its upcoming Annual Meeting of Shareholders on May 21. Shareholders of record as of the close of business on April 4 are entitled to vote at the meeting. In addition, the Board wrote a letter to shareholders that highlights valuable information to make an informed voting decision, including: The consistent, compelling value Phillips 66 delivers for its shareholders; The bold steps Phillips 66 has taken to drive shareholder value under Mark Lashier’s leadership; Progress made across business areas and future actions that will drive continued outperformance; Phillips 66’s track record of allocating capital effectively and prioritizing consistent shareholder returns across economic and industry cycles; and how Elliott’s misguided proposals will disrupt Phillips 66’s momentum by pushing for irreversible change that will destroy shareholder value. The company urges shareholders to vote “for” only Phillips 66’s nominees on the White Proxy Card.