Callouts & quotes from 1,012+ activist slides

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"One of the leaders of HON became Porch's Director of Inspection, and left in November of 2019 to join iGo Academy, part of InspectionGo."

"OUR PROPOSED DIRECTORS AND SUGGESTED MANAGEMENT TEAM OFFER A SUPERIOR VALUE PROPOSITION, INCLUDING A PATH TO A MUCH HIGHER SHARE PRICE."

"there's no confidence in my opinion that it will be a reliable product. — Ex-KLA director of engineering focused on EUV mask inspection"

"Only 2 out of the Company’s 10 current directors have meaningful, relevant operating experience at a retailer outside of Office Depot."

"... an alarming web of extensive ties between Keisei directors and OLC preventing an objective assessment of the outsized OLC stake..."

"tenure of more than nine years (can) ... potentially compromise a director's independence — Institutional Shareholder Services ("ISS")"

"4 of the 5 members are still involved with Danimer: John Dowdy (CFO), Greg Calhoun (Director), Richard Ivey (Marketing), Ralph Powell"

"Mr. Ajdler will bring extensive public company director experience, as well as a DND shareholder’s perspective and finance expertise"

"Outside Directors are Among the Highest Paid in the Media Sector, Perhaps Explaining their Generosity Towards Viacom's CEO and COO"

"The reality is that 9 out of 10 of P&G’s independent directors have seen the Company underperform peers since they were appointed."

"Treasury Secretary Scott Bessent and President Trump’s FHFA Director will be free to modify the terms of the PSPAs as they see fit"

"Bilge Ogut and Jean-Baptiste Wautier joined the Board of Directors in 2025 while Bronwyn Curtis and Tope Lawani departed the Board"

"The presence of non-independent directors on key committees may diminish a committee’s ability to oversee management objectively."

"“We were told, ‘Figure out product market fit and we’ll figure out margins later.’” — Former Samsara Director, Product Management"

"For Fiscal 2023, we discontinued elections under the Director Deferred Compensation Program. — Floor & Decor 2023 Proxy Statement"

"From Sept. 2020 through 2023, Mr. Shaw made 11 separate open market sales – more than any of his fellow directors or executives."

"The Lead Independent Director, especially in a dual Chairman and CEO role, should be like 'Caesar's wife'(1) - beyond suspicion."

"For over 5 years, shareholders have been asking to vote on directors annually; For over 5 years, shareholders have been ignored"

"Hess has paid current directors more than $30 million over their tenure while delivering stockholders material underperformance"

"Shareholders can choose between two slates: the Vivendi slate or a slate with Independent directors that represent the market."

"The Lead Independent Director, especially in a dual Chairman and CEO role, should be like 'Caesar's wife' - beyond suspicion."

"Great companies that have lost their way – like Disney – often thrive after new directors, nominated by Trian, are appointed."

"The Lead Independent Director, especially in a dual Chairman and CEO role, should be like ‘Caesar's wife’ - beyond suspicion."

"The first thing is, adding credible directors to the board to instill a culture of accountability of Phillips 66 management."

"“An attempt at an international launch has stalled and has been largely abandoned.” — Director, iRhythm, 12/29/24, Glassdoor"

"For that reason, we decided to nominate eight highly-qualified director candidates for election at the 2021 Annual Meeting."

"We are clearly concerned that Mr. Melamed's and Director Geller are both associating with Mr. Rieu given his open SEC case."

"a single nominee from an outside shareholder in a boardroom of 12 directors is not sufficient to bring about needed change"

"Since he was the original director, it makes sense that Norihiko Ishihara reportedly spent time promoting NNJ across Asia."

"We look forward to discussing these points with the Board of Directors as well as the other shareholders at the next AGM."

"Halit Coussin and Charlotte Denton joined the Board of Directors while Rupert Morley became Chairman of the Board in 2024"

"In the near future, the operating margin will reach around 80%. — Toshiyuki Iwata, PeptiDream Investor Relations Director"

"In fact, no director or member of senior management has purchased a single share of stock in the open market since 2013."

"We really struggle to see which Director has the professional capability to oversee these complex investment decisions."

"Hess Claims Process to Update Directors Began Last August But Hess Pushed Out Sam Nunn Who Was Actually Added in August"

"NO legacy directors were refreshed between 2018 - 2021; new directors were ALL added by expanding the size of the Board"

"NO legacy directors were refreshed between 2018 - 2021; new directors were ALL added by expanding the size of the Board"

"These three interrelated directors hold ALL Board leadership positions, including Chairman and chair of all committees."

"Properly evaluating and executing a portfolio simplification will take credible, experienced and independent directors."

"We propose the addition of at least three truly independent directors to the boards of Samsung Holdco and Samsung Opco"

"“No experience as CEO or senior executive level of a global company or director of a listed company” — Kao Corporation"

"The Company has manipulated the director election process, forcing Elliott to sue to insure its rights are protected."

"Oasis proposes giving external directors stock compensation (RSUs) to better align them with Kao’s long-term success."

"ASIC disqualifies former ASX listed Merlin Diamonds director Joseph Gutnick for four years — Media Release (24-041MR)"

"Only 1 of 12 independent Nestlé directors (newly appointed Kasper Rorsted) has fast-moving consumer goods experience"

"LEADING PROXY ADVISORY FIRM ISS RECOMMENDS PHILLIPS 66 SHAREHOLDERS VOTE FOR ALL FOUR OF ELLIOTT'S DIRECTOR NOMINEES"

"Kao’s two-month early announcement of new directors short-circuited what should have been a robust selection process"

"REVITALIZING PHILLIPS 66'S GOVERNANCE WILL REQUIRE CREDIBLE, EXPERIENCED DIRECTORS WHO WILL PUT YOUR RETURNS FIRST."

"REVITALIZING PHILLIPS 66'S GOVERNANCE WILL REQUIRE CREDIBLE, EXPERIENCED DIRECTORS WHO WILL PUT YOUR RETURNS FIRST."

"REVITALIZING PHILLIPS 66'S GOVERNANCE WILL REQUIRE CREDIBLE, EXPERIENCED DIRECTORS WHO WILL PUT YOUR RETURNS FIRST."

"“look[ing] forward to supporting the Company’s strategic direction.” — New Director (as noted in the announcement)"

"All four directors we are seeking to replace lack the necessary operational experience to transform Office Depot."

"These three directors hold ALL leadership positions on the Board, including Chairman and chair of all committees."

"Rounding out Eurofins’ governance shortcomings, its Board of Directors includes Dr. Martin’s brother and ex-wife."

"“Vivendi is totally against the spin-off of Telecom Italia network” — Arnoud De Puyfontaine, CEO and TIM director"

"Spruce Point never likes when executives and directors have little skin in the game when evaluating investments."

"Starboard reconstituted a majority of Marvell's Board with capable directors who guided a successful turnaround."