Glass Lewis recommends support Elliott for board change at Phillips 66
Elliott Investment Management, which manages funds that together make it a top-five shareholder in Phillips 66 (PSX), announced that leading independent proxy advisory firm Glass, Lewis & Co. has recommended shareholders support meaningful boardroom change by voting for the election of three Elliott director nominees – Brian Coffman, Sigmund Cornelius and Michael Heim – to the Company's Board of Directors at the 2025 Annual Meeting of Shareholder. In its report, Glass Lewis confirmed Elliott's case for change at Phillips 66, stating: 'In our view, the more compelling case is offered by Elliott, in this case by a relatively decisive margin…Currently, the Company has a combined Chairman and CEO leadership structure, a classified board, and over-tenured directors. A plethora of these problematic governance practices appear to be a driving force in the Company's underperformance. We believe that addressing these structural issues would enhance accountability and exercise of the directors' fiduciary duties.'
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Shareholders with questions about how to vote their shares should contact HG Vora's proxy solicitor, Okapi Partners, by telephone at 877-629-6355 or email at info@ Cautionary Statement Regarding Forward-Looking Statements The information herein contains 'forward-looking statements' that can be identified by the fact that they do not relate strictly to historical or current facts. Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as 'may,' 'will,' 'expects,' 'believes,' 'anticipates,' 'plans,' 'intends,' 'estimates,' 'projects,' 'potential,' 'targets,' 'forecasts,' 'seeks,' 'could,' 'should' or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans or goals are forward-looking. Forward-looking statements are subject to various risks and uncertainties and assumptions. 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