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  "documentTitle": "Phillips 66 (PSX)",
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  "presentationDate": "2025-05-16 00:00:00",
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  "notes": "Includes headshots of four nominees, specific voting instructions for proposals 2 and 6, and a QR code for voting information.",
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      "text": "ALSO, VOTE FOR GOVERNANCE ENHANCEMENTS TO KEEP PHILLIPS 66 LEADERSHIP ACCOUNTABLE TO SHAREHOLDERS: PROPOSAL 2: approving the Company's proposal for the declassification of the Board. PROPOSAL 6: approving, on an advisory basis, Elliott's proposal.",
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      "text": "ADDITIONAL INFORMATION: Elliott Investment Management L.P., together with the other participants in Elliott's proxy solicitation...",
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      "text": "REVITALIZING PHILLIPS 66'S GOVERNANCE WILL REQUIRE CREDIBLE, EXPERIENCED DIRECTORS WHO WILL PUT YOUR RETURNS FIRST. SAY NO TO THE STATUS QUO - NO MORE LAVISH CEO COMPENSATION AND SELF-CONGRATULATORY RHETORIC IN THE FACE OF WEAK PERFORMANCE.",
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      "text": "VOTE YOUR SHARES TODAY. Properly evaluating and executing a portfolio simplification will take credible, experienced and independent directors. Use the GOLD universal proxy card to vote for Elliott's four nominees.",
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      "kind": "paragraph",
      "text": "Elliott's Streamline 66 plan calls for a thorough review of Phillips 66's refining, midstream and chemicals businesses. The plan aims to unlock trapped value and focus on operational excellence.",
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      "text": "THE PATH FORWARD",
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