The PowerPoint presentation, filed with the Securities and Exchange Commission, also emphasized Yahoo's efforts to deliver on its strategy of being the starting point for the most users through initiatives such as its forthcoming AMP ad management platform and recent reorganization.
Icahn mounted the proxy battle in order to force a Microsoft takeover of Yahoo. With Microsoft ending its acquisition bid, Yahoo maintains that his campaign to replace the board with his own slate of directors no longer makes sense. Icahn has also called for the removal of Yahoo co-founder and CEO Jerry Yang.
Yahoo again urged stockholders to support the existing board as the best option for increasing the company's value. A vote on the board is scheduled for Aug. 1 during Yahoo's annual shareholders meeting.