Air Products & Chemicals files proxy materials

Ticker: APD · Form: DEFA14A · Filed: Dec 10, 2024 · CIK: 2969

Air Products & Chemicals, INC. DEFA14A Filing Summary
FieldDetail
CompanyAir Products & Chemicals, INC. (APD)
Form TypeDEFA14A
Filed DateDec 10, 2024
Risk Levellow
Pages3
Reading Time3 min
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, sec-filing, shareholder-materials

Related Tickers: APD

TL;DR

APCI filed more proxy docs, no new fee. Standard shareholder stuff.

AI Summary

Air Products and Chemicals, Inc. filed a Definitive Additional Materials proxy statement on December 10, 2024. This filing is related to the company's proxy statement and does not require a new filing fee, as indicated by the 'No fee required' checkbox. The company is incorporated in Delaware and its fiscal year ends on September 30.

Why It Matters

This filing is a routine update to the company's proxy statement, providing additional materials to shareholders for voting purposes. It ensures transparency and compliance with SEC regulations.

Risk Assessment

Risk Level: low — This filing is a standard proxy statement amendment and does not contain new financial information or strategic changes that would inherently increase risk.

Key Players & Entities

FAQ

What type of SEC filing is this?

This is a DEFA14A filing, specifically 'Definitive Additional Materials' for a proxy statement.

Who is the filing company?

The filing company is Air Products & Chemicals, Inc.

When was this filing made?

The filing was made on December 10, 2024.

Is there a filing fee associated with this document?

No, the filing indicates 'No fee required'.

Where is Air Products & Chemicals, Inc. headquartered?

The company's business address is listed as 1940 Air Products Blvd., Allentown, PA 18106-5500.

Filing Stats: 835 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-12-09 17:31:52

Filing Documents

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a party other than the Registrant CHECK THE APPROPRIATE BOX: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Air Products and Chemicals, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 On December 7, 2024, Air Products and Chemicals, Inc. (the Company) posted to its website, voteairproducts.com, the following note: A NOTE CONCERNING THIS LETTER TO SHAREHOLDERS: As some of you may know, since early October of this year, activist investment firm Mantle Ridge LP and certain of its affiliates (collectively, Mantle Ridge) have been waging a campaign to take full control of our Board of Directors, nominating candidates for all nine of the positions on our Board. On the afternoon of December 4, 2024, just one day after the Company filed its definitive proxy statement with the Securities and Exchange Commission addressing Mantle Ridges campaign, Air Products was notified by Mantle Ridge that it was withdrawing its nomination for election of five of its nine nominees. Mantle Ridges last-minute maneuver does not change the facts about our business, the strength of our strategy, and the steps we are already taking to de-risk hydrogen projects and maintain a fresh and independent board, as outlined in the letter below. Therefore, we have kept this letter accessible to shareholders. However, shareholders are advised to read our Supplement to Proxy Statement, dated December 6, 2024, available here in conjunction with the below letter for important additional information relating to Mantle Ridges current reduced slate of four director nominees. We look forward to sharing a more comprehensive detailing of why we believe Mantle Ridges short-term agenda to seize control of the Companys leadership, to curtail or eliminate our growth strategy, and to impose its inferior nominees on our Board, would be destructive to shareholder value. On December 9, 2024, the Company posted on its social media accounts and on Google the following advertisements: Air Products Digital Advertisements and Social Posts 12.9.24 LinkedIn Organic Social Post - Video Post #1 2 Air Products Digital Advertisements and Social Posts 12.9.24 3 Air Products Digital Advertisements and Social Posts 12.9.24 4 Air Products Digital Advertisements and Social Posts 12.9.24 5 Air Products Digital Advertisements and Social Posts 12.9.24 6 Air Products Digital Advertisements and Social Posts 12.9.24 7 Air Products Digital Advertisements and Social Posts 12.9.24 8 Air Products Digital Advertisements and Social Posts 12.9.24 9 Air Products Digital Advertisements and Social Posts 12.9.24 10 Air Products Digital Advertisements and Social Posts 12.9.24 Carousel Ad #1 11 Air Products Digital Advertisements and Social Posts 12.9.24 12 Air Products Digital Advertisements and Social Posts 12.9.24 Carousel Ad #2 13 Air Products Digital Advertisements and Social Posts 12.9.24 14 Air Products Digital Advertisements and Social Posts 12.9.24 15 Air Products Digital Advertisements and Social Posts 12.9.24 Google Search VOTE APDs Board Nominees - A Refreshed Board | A Prudent Approach | A Diverse Group of Leaders | Extensive, Relevant Experience | Broad Range of Skills | A Track Record of Leadership | Two New Directors Nominated Learn more about our experienced, diverse Board and two-pillar growth strategy. As of the AGM, six of nine Directors will have been appointed in the last five years. The skills, experience, and independent perspectives to sustain success and fuel growth. Click for important cautionary statements and disclaimers. 16 Air Products Digital Advertisements and Social Posts 12.9.24 VOTE APDs Board Nominees - Delivering Shareholder Value | Sustaining Success | Industry Leading Profitability | Two-Pillar Growth Strategy | Industrial Gases Leader | Clean Hydrogen First-Mover | Long-Term Growth Strategy | Disciplined Capital Allocation Industry-leading profitability and 40+ years of consecutive dividend increases. Delivering in our core industrial gases business and positioned to lead clean hydrogen. Learn more about our strategy for continued success and growth. Click for important cautionary statements and disclaimers. VOTE APDs Board Nominees - 2025 Shareholder Meeting | Y

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