Callouts & quotes from 515+ activist slides

"No current independent director of Box has ever purchased stock in the open market"

"No current independent director of Box has ever purchased stock in the open market"

"No current independent director of Box has ever purchased stock in the open market"

"BlackRock shareholders expect climate-competent, not climate-conflicted, directors"

"From these candidates, Oasis is nominating 5 Independent Directors to Kao’s Board."

"How have External Directors established the sufficiency of marketing spend at Kao?"

"Management and directors awarded $540 million while underperforming peers by 460%"

"Trian continues to believe that Lazard should de-classify its board of directors"

"Mr. Gallogly is uniquely qualified to serve on the Huntsman Board of Directors."

"In our view, this could signal director dissent, retention or cash flow issues."

"Half of P&G’s existing Directors were on the Board for all 3 CEO transitions"

"Kao’s outside directors lack real and recent overseas operational experience"

"Starboard entirely reconstituted Darden’s Board with experienced directors."

"Some of the “independent” directors appear to us independent in name only."

"We believe the Arconic Board size of 13 should be reduced to 11 directors"

"Never even one independent director with oil & gas operating experience"

"All directors are independent of the Manager other than Nicholas Botta"

"Pershing Square’s Thesis and Director Candidates Are Not Right for ADP"

"This is an election is about choosing the best directors for Target"

"The Director of "The Fast and The Furious" is next to Dr. Kleinfeld"

"All directors are independent of Manager other than Nicholas Botta"

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

"All directors are independent of Manager other than Nicholas Botta"

"BlackRock Board of Directors' misconstrued statement in opposition"

"BlackRock Board of Directors' misconstrued statement in opposition"

"All directors are independent of Manager other than Nicholas Botta"

"All directors are independent of Manager other than Nicholas Botta"

"Result: Placed Approximately 142 Corporate Directors on 45 Boards"

"Lead "Independent" Director AND Joint Executor of Hess Estate"

"Harvey Golub is everything that you would want in a director."

"Lead "Independent" Director AND Joint Executor of Hess Estate"

"Kao’s Outside Directors lack industry expertise."

"Hess Needs Directors That Are Independent"

"~365x the shares of ARNC's directors"

"Elect 5 new directors"