Callouts & quotes from 217+ activist slides

"Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee"

"Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee"

"Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee"

"Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee"

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

"Did John Hess vote against the recommendation of his OWN BOARD of which he is Chairman? How will he vote this year?"

"Did John Hess vote against the recommendation of his own board of which he is Chairman? How will he vote this year?"

"Would a Board truly interested in good governance be so concerned about an advisory vote on a non-binding policy?"

"In the absence of information, investors have voted with their capital, as demonstrated by TI’s TSR performance."

"The Company has yet to make fulsome public disclosure to resolve concerns regarding the vote buying impropriety"

"Vote to remove Dr. Klaus Kleinfeld, the worst performing continuously tenured CEO in the S&P 500, from Arconic"

"We are not accepting the terms you have offered and will let your proposal go to a vote at our annual meeting."

"L&B TO VOTE “AGAINST” HILTON GRAND VACATIONS’ (“HGV”) ACQUISITION OF DIAMOND RESORTS INTERNATIONAL (“DIAMOND”)"

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

"For more information about the candidates as well as information on how to vote, visit StrongerSouthwest.com."

"Both will allow you to cast your vote, but the gold card makes it even easier to vote for Elliott's nominees."

"Allow us to improve Darden for the benefit of all shareholders. Vote on Starboard's WHITE proxy card today"

"No matter the card you have, vote for Brian Coffman, Sigmund Cornelius, Michael Heim, and Stacy Nieuwoudt."

"VOTE FOR THE GOLD CARD NOW. YOUR LAST DAY TO VOTE IS MAY 21ST. TRANSFORM PHILLIPS 66, UNLOCK 75%+ UPSIDE."

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

"PLEASE NOTE: THIS IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY. DO NOT SEND US YOUR PROXY CARD."

"Shareholders overwhelmingly voted to replace a majority of GCP's board after years of underperformance."

"Only one constituent of the S&P 500 (Oracle) has received more votes below 70% than Disney since 2011."

"Only one constituent of the S&P 500 (Oracle) has received more votes below 70% than Disney since 2011."

"VOTE THE GOLD CARD TODAY YOUR LAST DAY TO VOTE IS MAY 21ST. TRANSFORM PHILLIPS 66, UNLOCK 75%+ UPSIDE"

"Support levels skewed by dual-class structure which provided Class B stock with 10 votes per share"

"Glass Lewis recommended that shareholders vote AGAINST Mr. Hedrick at the 2012 annual meeting."

"We therefore call on the Board to immediately put the proposed spin-off to a shareholder vote."

"Box has chosen to not allow stockholders to vote on the more problematic evergreen provision"

"2009 paper by Evotec researchers indicates they tested pitolisant and that it was a disaster"

"Other investors filed a lawsuit claiming the Preferred Financing was done to “buy the vote”"

"It is clear the only purpose of the sale process was to avoid a vote at the Annual Meeting."

"We believe this deal has too much risk. Shareholders should vote AGAINST this transaction."

"John Pike and Geoff Sorbello share final take as shareholders vote on Phillips 66's future"

"Your vote is always confidential and anonymous, regardless of where your shares are held."

"Why to vote “FOR” Bluebell Capital Partners proposal to separate Chair/CEO at BlackRock"

"We believe the Preferred Financing was done to “buy the vote” and entrench the Board"

"In 3 separate votes, 90+% of outside shareholders voted to declassify the Hess board"

"Vote FOR our highly qualified nominees and AGAINST the incumbent “bankruptcy board”!"

"Did John Hess vote against his board's recommendation and against declassification?"

"Did John Hess vote against his board's recommendation and against declassification?"

"Please vote the GOLD card today for Elliott's four highly qualified board nominees."

"Vote to allow us to significantly improve Darden for the benefit of shareholders"

"Vote to allow us to significantly improve Darden for the benefit of shareholders"

"Vote to allow us to significantly improve Darden for the benefit of shareholders"

"VOTE YOUR SHARES ON THE GOLD CARD TO PUT A PHILLIPS 66 TURNAROUND INTO ACTION"

"BIS’s vote recommendation would be a real test of credibility and integrity"

"BIS’s vote recommendation would be a real test of credibility and integrity"

"Economic ownership and voting power are now aligned at one-share, one-vote"

"Economic ownership and voting power are now aligned at one-share, one-vote"

"TOP THREE PROXY ADVISORY FIRMS AGREE: VOTE FOR CHANGE TODAY AT PHILLIPS 66"

"We kindly ask you, as a fiduciary of your own clients, to vote "FOR"."

"Elliott urges you to vote for our highly qualified board nominees."

"ISS has consistently recommended WITHHOLD votes on Box’s directors"

"Intentionally structured to avoid a pre-closing shareholder vote."

"Vote AGAINST Proposal No. 2 and tell the Board you want iPrefs!"

"Vote AGAINST the Michael Dell/Silver Lake buyout scheme today!"

"Approximately 33% of votes cast did not support the measure."

"Vote the GOLD card at the upcoming annual general meeting."

"Phillips 66 (NYSE: PSX) retirees: Vote for change today!"