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Air Products Issues Statement

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Air Products (NYSE:APD) issued a statement on Nov. 19, 2024, regarding Mantle Ridge's nomination of director candidates for election to the Air Products Board of Directors at the Company's 2025 Annual Meeting.

The company's Board of Directors has received Mantle Ridge's nomination notice and director nominees. The Board will provide a formal recommendation on the nominees in the proxy materials to be filed with the SEC in due course. Air Products shareholders are not required to take any action at this time.

Air Products (NYSE:APD) ha emesso una dichiarazione il 19 novembre 2024 riguardo alla nomina da parte di Mantle Ridge di candidati alla carica di direttore per l'elezione nel Consiglio di Amministrazione di Air Products durante l'Assemblea Annuale del 2025 dell'azienda.

Il Consiglio di Amministrazione dell'azienda ha ricevuto la comunicazione di nomina di Mantle Ridge e i candidati proposti. Il Consiglio fornirà un'opinione formale sui candidati nei materiali di delega che saranno presentati alla SEC a tempo debito. Gli azionisti di Air Products non sono tenuti a intraprendere alcuna azione in questo momento.

Air Products (NYSE:APD) emitió una declaración el 19 de noviembre de 2024 respecto a la nominación por parte de Mantle Ridge de candidatos a directores para la elección en la Junta Directiva de Air Products en la Asamblea Anual de la Compañía de 2025.

La Junta Directiva de la empresa ha recibido el aviso de nominación de Mantle Ridge y los candidatos a directores. La Junta proporcionará una recomendación formal sobre los nominados en los materiales de poder que se presentarán a la SEC a su debido tiempo. Los accionistas de Air Products no están obligados a tomar ninguna acción en este momento.

Air Products (NYSE:APD)는 2024년 11월 19일 Mantle Ridge의 이사 후보 지명에 관한 성명을 발표했습니다. 이 성명은 2025년 회사 연례 회의에서 Air Products 이사회에 선출될 이사들을 위한 것입니다.

회사의 이사회는 Mantle Ridge의 지명 공고와 이사 후보를 받았습니다. 이사회는 SEC에 정식으로 제출될 위임장 자료에서 후보에 대한 공식 권장 사항을 제공할 것입니다. Air Products의 주주들은 현재 아무런 조치를 취할 필요가 없습니다.

Air Products (NYSE:APD) a publié une déclaration le 19 novembre 2024 concernant la nomination par Mantle Ridge de candidats au poste de directeur pour l'élection au Conseil d'Administration d'Air Products lors de l'Assemblée Générale de la Société en 2025.

Le Conseil d'Administration de l'entreprise a reçu l'avis de nomination de Mantle Ridge et les candidats proposés. Le Conseil fournira une recommandation officielle sur les candidats dans les documents de procuration qui seront déposés auprès de la SEC en temps voulu. Les actionnaires d'Air Products ne sont pas tenus de prendre des mesures à ce moment.

Air Products (NYSE:APD) gab am 19. November 2024 eine Erklärung zur Nominierung von Direktorenkandidaten durch Mantle Ridge für die Wahl in den Vorstand von Air Products auf der Unternehmensversammlung 2025 ab.

Der Vorstand des Unternehmens hat die Nominierungsmitteilung und die vorgeschlagenen Direktoren von Mantle Ridge erhalten. Der Vorstand wird zu gegebener Zeit eine formelle Empfehlung zu den Nominierten in den Proxy-Unterlagen abgeben, die bei der SEC eingereicht werden. Die Aktionäre von Air Products sind derzeit nicht verpflichtet, Maßnahmen zu ergreifen.

Positive
  • Air Products' Board of Directors will provide a formal recommendation on director nominees, ensuring transparency and guidance for shareholders.
Negative
  • Potential for internal conflict or uncertainty due to Mantle Ridge's nomination of director candidates.

LEHIGH VALLEY, Pa., Nov. 19, 2024 /PRNewswire/ -- Air Products (NYSE:APD) today issued the following statement regarding the nomination of director candidates by Mantle Ridge for election to the Air Products Board of Directors at the Company's 2025 Annual Meeting:

Air Products' Board of Directors has received Mantle Ridge's nomination notice and director nominees. The Board will present its formal recommendation regarding director nominees in the Company's proxy materials to be filed with the Securities and Exchange Commission in due course. Air Products shareholders are not required to take any action at this time.

About Air Products

Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

The Company had fiscal 2024 sales of $12.1 billion from operations in approximately 50 countries and has a current market capitalization of over $65 billion. Approximately 23,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and reimagine what's possible to address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

This release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

Important Additional Information and Where to Find It

Air Products and Chemicals, Inc. (the "Company") plans to file proxy materials with the U.S. Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies for the Company's 2025 annual meeting of shareholders (the "2025 Annual Meeting"). Prior to the 2025 Annual Meeting, the Company will file a definitive proxy statement (the "Proxy Statement") together with a WHITE proxy card. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders will be able to obtain, free of charge, copies of the Proxy Statement, any amendments or supplements thereto and any other documents (including the WHITE proxy card) when filed by the Company with the SEC at the SEC's website (http://www.sec.gov) or at the Company's website https://investors.airproducts.com or by Innisfree M&A Incorporated, toll-free at (877) 750-0537 banks and brokers call collect at (212) 750-5833.

Certain Information Regarding Participants

The Company, its directors and certain of its executive officers and other employees may be deemed to be "participants" (as defined in Section 14(a) of the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from shareholders in connection with the 2025 Annual Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the 2025 Annual Meeting. Information relating to the foregoing can also be found in the Company's definitive proxy statement for its 2024 annual meeting of shareholders, filed with the SEC on December 8, 2023. Information regarding the ownership of the Company directors and executive officers in the shares of the Company common stock is included in their SEC filings on Forms 3, 4, and 5, which can be found at the SEC's website at www.sec.gov. More detailed and updated information regarding the identity of potential participants, and their direct or indirect interests (by security holdings or otherwise), will be set forth in the proxy statement and other materials to be filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

 

Cision View original content:https://www.prnewswire.com/news-releases/air-products-issues-statement-302310423.html

SOURCE Air Products

FAQ

What did Air Products announce on Nov. 19, 2024?

Air Products announced receiving Mantle Ridge's nomination of director candidates for the 2025 Annual Meeting.

What is the stock symbol for Air Products?

The stock symbol for Air Products is APD.

What action is required from Air Products shareholders regarding the director nominations?

Air Products shareholders are not required to take any action at this time.

When will Air Products provide a formal recommendation on the director nominees?

Air Products will provide a formal recommendation in the proxy materials to be filed with the SEC in due course.

Air Products & Chemicals, Inc.

NYSE:APD

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