Air Products & Chemicals Files Proxy Materials

Ticker: APD · Form: DEFA14A · Filed: Dec 18, 2024 · CIK: 2969

Sentiment: neutral

Topics: proxy-statement, sec-filing, governance

Related Tickers: APD

TL;DR

APCI proxy filing is in, no fee. Shareholders get the scoop.

AI Summary

Air Products & Chemicals, Inc. filed a Definitive Additional Materials proxy statement on December 18, 2024. This filing is related to the company's proxy materials and does not involve a 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 provides shareholders with important information regarding the company's governance and voting matters, which is crucial for their participation in corporate decisions.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement and does not contain information that suggests significant financial or operational risk.

Key Players & Entities

FAQ

What is the filing type for Air Products & Chemicals, Inc. on December 18, 2024?

The filing type is DEFA14A, which is a Definitive Additional Materials proxy statement.

Is there a filing fee associated with this DEFA14A filing?

No, the filing indicates 'No fee required'.

Where is Air Products & Chemicals, Inc. incorporated?

The company is incorporated in Delaware (DE).

What is the fiscal year end for Air Products & Chemicals, Inc.?

The fiscal year end is September 30 (0930).

What is the primary business address of Air Products & Chemicals, Inc.?

The business address is 1940 AIR PRODUCTS BLVD., ALLENTOWN, PA 18106-5500.

Filing Stats: 4,506 words · 18 min read · ~15 pages · Grade level 13.4 · Accepted 2024-12-18 17:09:06

Key Financial Figures

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 18, 2024, Air Products and Chemicals, Inc. (the Company) issued the following press release: News Release Air Products and Chemicals, Inc. 1940 Air Products Boulevard, Allentown, PA 18106-5500 www.airproducts.com Air Products Files Investor Presentation Highlighting Successful Two-Pillar Strategy to Deliver Superior Shareholder Value The Companys Board and Management, Under Chairman and CEO Seifi Ghasemis Leadership, Have Delivered Over $44 Billion in Shareholder Value Creation 1 Continues to Successfully Execute Two-Pillar Growth Strategy to Grow Core Industrial Gas Business While Capitalizing on First-Mover Advantage in Clean Hydrogen Market Air Products Board is Refreshed, Independent and Fit-For-Purpose Mantle Ridges Proposed Nominees Would Remove Significant and Relevant Experience and Expertise Mantle Ridges Proposed Executive Chairman Candidate Appears Alarmingly Unfit to Lead Air Products or any Public Company; Preferred CEO Candidate is Insufficiently Qualified Board Mails Letter Urging Shareholders to Vote FOR ONLY Air Products Nominees on the WHITE Proxy Card LEHIGH VALLEY, PA December 18, 2024 Air Products (NYSE:APD) Board of Directors today announced that it has posted an investor presentation and mailed a letter to shareholders in connection with its upcoming 2025 Annual Meeting of Shareholders (the Annual Meeting), which will be held at 8:30 a.m. U.S. Eastern Time on January 23, 2025. All Air Products shareholders of record as of the close of business on November 27, 2024 will be entitled to vote at the Annual Meeting. The presentation and letter are both available at voteairproducts.com . The full text of the letter summarizing the presentation follows: Dear Fellow Shareholder, The Air Products Annual Meeting is fast approaching, and you have an important opportunity to protect the value of your investment and the meaningful results the Company has delivered and anticipates continuing to deliver as we have for the past 10 years. Under the supervision of our Board, management is executing a long-term strategy to grow our core industrial gas business, while leveraging decades of relevant expertise to capitalize on our important first-mover position in the clean hydrogen market to deliver maximized value for our shareholders. 1 Based on $25.2B market capitalization on June 30, 2014 (one day prior to first day as CEO) and December 13, 2024 We ask that you please visit our Annual Meeting website at voteairproducts.com or the Company Investor Relations page to find a new investor presentation that we filed today, entitled Creating Superior Shareholder Value Through Disciplined Investment in Clean Hydrogen, where we go through, in greater detail, why our long-term growth strategy is the right one, why Air Products Nominees are the necessary leaders to move Air Products forward, and why shareholders should not support Mantle Ridges nominees. We recommend you vote your shares FOR ONLY Air Products Nominees Tonit M. Calaway, Charles Cogut, Lisa A. Davis, Seifollah Ghasemi, Jessica Trocchi Graziano, Edward L. Monser, Bhavesh V. (Bob) Patel, Wayne T. Smith and Alfred Stern on the Companys WHITE proxy card. OVER THE PAST DECADE UNDER THE LEADERSHIP OF OUR CHIEF EXECUTIVE OFFICER, SEIFI GHASEMI, AIR PRODUCTS HAS CREATED OVER $44 BILLION IN SHAREHOLDER VALUE 2 Since Mr. Ghasemi became CEO in 2014, he has spearheaded the transformation of Air Products into the most profitable industrial gas business in the world based on adjusted EBITDA margin, growing the business at GDP-plus rates. This strong cash generation has allowed Air Products to invest in our core industrial gas business, while expanding into clean hydrogen a tremendous growth opportunity now and well into the future. Our strong performance has directly benefitted shareholders through $11.5 billion in cash returned since 2014. In addition, our dividend per share has increased for 42 consecutive years and grown at a ~9% CAGR for the past 10 years, demonstrating our commitment to sharing with our inv

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