secwatch.observer — SEC 8-K summary
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Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0001193125-25-124014
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phillips 66 shareholders elect two company nominees and two Elliott nominees; board declassification fails
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- Robert W. Pease and Nigel Hearne elected as Phillips 66 nominees; John E. Lowe and Howard Ungerleider not re-elected.
- Elliott nominees Sigmund L. Cornelius and Michael A. Heim elected to the board.
- Proposal to declassify the board received significant support but failed to achieve required 80% vote.
- Shareholders overwhelmingly rejected Elliott's annual director resignation proposal as recommended by the board.
- Preliminary results await final certification by the independent Inspector of Election.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000119312525124014/0001193125-25-124014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000119312525124014/d920674d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-124014

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