Callouts & quotes from 494+ activist slides

"Both DCCR and GH are independently diabetogenic, and the combination therapy poses a significant and underappreciated metabolic risk in PWS patients."

"We believe Huntsman urgently needs strong independent board members who will demand accountability and work to maximize value for ALL shareholders."

"We believe Huntsman urgently needs strong independent board members who will demand accountability and work to maximize value for ALL shareholders."

"AOL's CEO and CFO total cash compensation as a percentage of EBITDA of 1.7% is significantly higher than the Independent Peer Group median of 1.0%."

"“Solutions 30 and its leaders have been the subject of very serious accusations that the independent audit has fully rejected...” — Alexander Sator"

"“AOL's actual total cash compensation is high as a percentage of EBITDA in relation to peers.” — A leading independent compensation consulting firm"

"Over 60% of BEA's shareholders are Independent Shareholders or Current Sellers (whom the BEA board cannot prevent from accepting a takeover offer)"

"The FTC – with access to Herbalife’s internal information and data – has independently confirmed all of the allegations of our investment thesis."

"The FTC – with access to Herbalife’s internal information and data – has independently confirmed all of the allegations of our investment thesis."

"Independent Slate wonders if incumbent Board merely “rubber stamped” these acquisitions without conducting proper and independent due diligence"

"As previously mentioned, BlackRock has a weak governance framework which is evidenced by a clear lack of independent oversight over management"

"Regardless, if NQ’s independent committee reports that there is no evidence of significant wrongdoing, this will be an attempt at a whitewash."

"As previously mentioned, BlackRock has a weak governance framework which is evidenced by a clear lack of independent oversight over management"

"Based on our estimates, private-pay Independent Living (IL), Assisted Living (AL) and Memory Care units trade at implied 5.00%-5.50% cap rates"

"‘The BoD regularly reviews its leadership structure’: failure to correct confirms lack of independent oversight — BlackRock Board of Directors"

"Oasis believes this timing was intentionally designed to bypass meaningful consideration of independent profiles and limit shareholder input."

"Oasis proposes five unquestionably independent and highly qualified directors, following an extensive, robust and independent search process."

"All modules leverage and contribute to one of the largest independent repositories of equipment profiles and price data for print suppliers"

"TWC needs to do more to meet these challenges. TWC would have more options and a better ability to maneuver as a fully independent company."

"If purchases were truly driven by retail demand, Powell’s Personal Volume and his Organization Volume should be independent of one another"

"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."

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

"There is already an independent Board in place. Vivendi’s campaign and nominees proves that Vivendi simply wants a Board it can control"

"Lasertec had “no data” to show for the A300; “no real world case studies” or independent evaluation; “no real way to discern” any value"

"Shareholders should not allow Tessera to once again be run by a controlling Chairman. Shareholders need to have an independent Board."

"The Nominees for Shareholder Choice are entirely independent and have no preconceived agenda other than to maximize shareholder value"

"From two independent third-party credit rating agencies, we see a less optimistic view about the potential and history of WCA Waste."

"In an independent survey, Southwest ranked last on every metric and investors expressed low confidence in management’s capabilities"

"Extent to which the audit was considered capable of detecting irregularities, including fraud — Deloitte Independent Auditor Report"

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

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

"Is this a truly independent Board that is willing to ask the difficult questions and hold management accountable to shareholders?"

"the Company could create a REIT spin-off that holds most – but not all – of the real estate assets. — Independent Covenant Review"

"Independent Slate has the experience and skills to ensure a smooth transition and help create a better path forward for Campbell"

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

"WE NEED YOUR HELP TO ELECT OUR INDEPENDENT AND HIGHLY EXPERIENCED NOMINEES WHO ARE COMMITTED TO HOLDING MANAGEMENT ACCOUNTABLE"

"WE NEED YOUR HELP TO ELECT OUR INDEPENDENT AND HIGHLY EXPERIENCED NOMINEES WHO ARE COMMITTED TO HOLDING MANAGEMENT ACCOUNTABLE"

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

"There appears to be a consensus among independent analysts that are not compensated by Cintas, that its shares are overvalued."

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

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

"Elliott Urges Shareholders to Support Meaningful Board Change By Voting on the Gold Card for Its Four Independent Nominees"

"“AOL's short-term pay is significantly misaligned with performance.” — A leading independent compensation consulting firm"

"Our independent and highly qualified nominees can help drive the Company's commitments to animal welfare and ESG matters"

"HUNTSMAN NEEDS STRONG INDEPENDENT BOARD MEMBERS WHO WILL DEMAND IMPROVED PERFORMANCE AND HELP MAXIMIZE STOCKHOLDER VALUE"

"HUNTSMAN NEEDS STRONG INDEPENDENT BOARD MEMBERS WHO WILL DEMAND IMPROVED PERFORMANCE AND HELP MAXIMIZE STOCKHOLDER VALUE"

"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"

"BlackRock has a weak governance framework which is evidenced by a clear lack of independent oversight over management."

"In fact, the two organizations even share an address. Yet, it is listed on the form as “independent” – how is this so?"

"My Herbalife Independent Distributorship has transformed my life with health, wealth and happiness. — Enrique Carrillo"

"My Herbalife Independent Distributorship has transformed my life with health, wealth and happiness. — Enrique Carrillo"

"On all key metrics, we believe the Independent Peer Group is far more appropriate than AOL's own inflated peer group."

"Nuvei "has not independently verified the accuracy or completeness of such information" — New risk factor added Q3'21"

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

"We believe the Independent Peer Group is an appropriate peer group for AOL, unlike the Company's current peer group."

"Our Independent Nominees Have a Better Plan and are Better Suited to Oversee DSP for the Benefit of All Shareholders"

"Independent Slate will manage Campbell to enhance long-term value and pursue optimal outcomes for ALL shareholders"