- Elliott Investment Management, a top five shareholder in Phillips 66 (PSX, Financial), releases the second episode of the "Streamline 66" podcast.
- The episode features Stacy Nieuwoudt discussing the potential benefits of restructuring Phillips 66 into pure-play entities.
- Elliott files a definitive proxy statement with the SEC for the 2025 stockholders' meeting, presenting their proposed board candidates.
Elliott Investment Management, which ranks among the top five shareholders in Phillips 66 (PSX), has unveiled the second episode of its "Streamline 66" podcast series. The episode features a detailed conversation with Stacy Nieuwoudt, a director nominee with over 20 years of experience as a senior energy and industrials analyst at Citadel.
In the podcast, Nieuwoudt emphasizes the investor preference for companies solely focused on their core operations, highlighting the importance of efficient capital allocation and operational practices. She suggests that a redesign in Phillips 66's corporate structure could unlock significant value, allowing the company to operate more efficiently as distinct, pure-play entities.
The podcast can be accessed via Streamline66.com/podcast, as well as on Apple, Spotify, and YouTube. Elliott has also submitted a definitive proxy statement to the Securities and Exchange Commission (SEC), in preparation for the 2025 annual meeting of stockholders. The statement includes Elliott's slate of highly qualified director candidates and other proposals.
Shareholders seeking more information or interested in voting on Elliott's GOLD proxy card can visit the SEC's website or contact Elliott's proxy solicitor, Okapi Partners LLC, at (877) 629-6357 or via email at [email protected].
