Callouts & quotes from 1,012+ activist slides

"GFL’s longest tenured Director is Dino Chiesa. We find him connected to Mr. DiBattista on Facebook as friends."

"Since October 2015, no current director or executive has purchased a single share of stock in the open market."

"Given this distressing history, why would the Board look to add a director with a well-known Reg-FD violation?"

"Given this distressing history, why would the Board look to add a director with a well-known Reg-FD violation?"

"If the person [Lead Director] is not independent or lacks substantive duties, the position is simply cosmetic."

"The four legacy directors mentioned below have purchased a combined total of 7,700 shares in the past 10 years"

"Darden’s Board Recommends Darden Shareholders Vote the BLUE Proxy Card “FOR ALL” of Darden’s Director Nominees"

"Laurel Krzeminski and Michael McNally are not the only Limbach directors with connections to accounting fraud."

"actually, on the ground performing [to] that level of volume is extremely difficult. — Former Carvana Director"

"ELLIOTT LAUNCHES “STREAMLINE 66” PODCAST FEATURING 1:1 CONVERSATIONS WITH ITS BEST-IN-CLASS DIRECTOR NOMINEES"

"Directors with the appropriate skills, unaffiliated with the CEO and who bring a fresh perspective are needed"

"We are concerned that even newly-appointed directors have seemingly agreed to shareholder-unfriendly actions."

"Directors with the appropriate skills, unaffiliated with the CEO and who bring a fresh perspective are needed"

"Investors Generally Prefer That Independent Directors be a Substantial Majority of the Company's Board. — ISS"

"The current directors have shown an inability to hold management accountable and have accepted poor results."

"The pattern of troubling behavior has not changed. Strong, capable, and independent directors are required."

"However, in breach of Kao’s own process, only two members of the Committee interviewed the Oasis directors."

"Spruce Point questions why Remitly appointed Peggy Smyth to its Board of Directors and as its Audit Chair."

"We are confident in our ability to identify high-quality directors committed to creating stockholder value"

"Taubman's underperformance is squarely the result of management and its board of directors, NOT the assets"

"Given their actions to date, we believe these four directors are highly unlikely to demand accountability."

"“Three independent directors” includes Mr. Kiefaber and Ms. Ogilvie, both of whom are already on the Board"

"Elect shareholder-nominated directors empowered to drive accountability and improve long-term performance"

"Improve accountability of Phillips 66’s management by adding credible directors with a mandate for change"

"Management has taken our Proposal seriously – our Proposal was presented to McDonald’s Board of Directors"

"Improve accountability of Phillips 66’s management by adding credible directors with a mandate for change"

"Elect shareholder-nominated directors empowered to drive accountability and improve long-term performance"

"Improve accountability of Phillips 66's management by adding credible directors with a mandate for change"

"Who is BP's Board of Directors trying to fool? Its own shareholders, the UK Government or seemingly both?"

"Vote AGAINST the Fuji/Xerox Transaction and FOR a Board of Directors that can Maximize Shareholder Value"

"Frankly, we would be disappointed if every single independent director didn't buy at least 5,000 shares."

"The Company expects to replace that director, as it has done in the past — Taubman Centers, Inc. filing"

"“AOL cannot commit to a specific profit number for any given period....” — Fred Reynolds (AOL Director)"

"We question whether the newly appointed directors have sufficient experience to demand accountability."

"Elliott has nominated eight independent, highly qualified directors to Southwest's Board of Directors."

"We question whether the newly appointed directors have sufficient experience to demand accountability."

""Alan Shaw is a crisis-tested leader who is delivering change." — Norfolk Southern Board of Directors"

"Least independent, least energy experience, most management directors and one of the longest tenures"

"Do the External Directors believe Kao should develop medical treatments and enzyme-driven batteries?"

"Unfortunately, the Company has been reluctant to include these directors in major Board discussions."

"Board size and inside vs. outside director balance consistent with peers and TPX companies' average"

"At GY Ankai, Mr. Peng Qingyun is the 99% shareholder, Executive Director, and Legal Representative."

"P&G’s 10 independent Directors, on the other hand, have had almost no CPG experience outside of P&G"

"There are no legitimate grounds to challenge a non-binding board policy asking directors to resign."

"We believe the Board has failed to address two of the most troubling legacy directors on the Board."

"That is why we think it is imperative that four new, independent directors are added to the Board."

"WE ARE SEEKING YOUR SUPPORT TO REPLACE 4 DIRECTORS, INCLUDING 3 OF 5 REPRESENTATIVES OF CARL ICAHN"

"...but the Board has not shared in this pain as directors only own around 60k shares of OUTR stock"

"Starboard reconstituted a majority of the Board with directors who guided a successful turnaround"

"Shouldn't BlackRock Lead Independent Director be available to meet with a dissenting shareholder?"

"Shouldn't BlackRock Lead Independent Director be available to meet with a dissenting shareholder?"

"What has been the External Directors' assessment of the decline in EVA over the past three years?"

"Despite new directors added from 2019 to 2021, the Board’s troubling behavior remains unchanged."

"Our independent director candidates stand for improved governance, oversight and accountability"

"We call on the Board of Directors to conduct an investigation of CEO Tom Ward and this conduct"

"Elect 5 highly qualified independent directors with relevant experience (Shareholder Nominees)"

"Experienced international business executive and corporate director, led multiple CEO searches"

"“There’s no validity to anything in the [Muddy Waters] report.” — John Lazar, Burford Director"

"Directors who approve such tactics should be barred from serving on public company boards."

"For years, ALL directors had overlooked numerous concerning conflicts among Board members."