{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-028041","form_type":"8-K","ticker":"PSX","cik":"0001534701","company_name":"Phillips 66","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.927839+00:00","generated_at":"2026-05-26T16:06:52.047466+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Two Phillips 66 directors not standing for reelection; board to shrink to 12","bullets":["Gary K. Adams and Denise L. Ramos will not stand for reelection at 2025 annual meeting.","Decisions result from Board's ongoing refreshment activities; no disagreement with company.","Both will continue serving until expiration of current term at the annual meeting.","Board size to reduce from 14 to 12 directors effective immediately after the meeting."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-028041","json":"https://secwatch.observer/filing/0001193125-25-028041.json","markdown":"https://secwatch.observer/filing/0001193125-25-028041.md","text":"https://secwatch.observer/filing/0001193125-25-028041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534701/000119312525028041/0001193125-25-028041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534701/000119312525028041/d902787d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T16:06:52.047466+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"756ae9631a","claim":"Denise L. Ramos departed as Director at Phillips 66.","evidence_excerpt":"On February 12, 2025, Gary K. Adams and Denise L. Ramos each informed the Board of Directors (the “Board”) of Phillips 66 (the “Company”) of their intent not to stand for reelection to the Board at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534701/000119312525028041/0001193125-25-028041-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for reelection"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7d31b93c97","claim":"Gary K. Adams departed as Director at Phillips 66.","evidence_excerpt":"On February 12, 2025, Gary K. Adams and Denise L. Ramos each informed the Board of Directors (the “Board”) of Phillips 66 (the “Company”) of their intent not to stand for reelection to the Board at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534701/000119312525028041/0001193125-25-028041-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for reelection"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}