Ashland Inc. DEF 14A: Executive Compensation Details

Ticker: ASH · Form: DEF 14A · Filed: Dec 9, 2024 · CIK: 1674862

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

Related Tickers: ASH

TL;DR

Ashland's 2024 DEF 14A is out, detailing exec pay & equity awards. Check Guillermo Novo's comp.

AI Summary

Ashland Inc. filed a DEF 14A on December 9, 2024, for the fiscal year ending September 30, 2024. The filing details executive compensation and equity awards granted to individuals like Guillermo Novo. It also includes information on pension values and vesting dates for awards granted in prior years, specifically referencing fiscal years 2020 through 2023.

Why It Matters

This filing provides transparency into how Ashland Inc. compensates its top executives, which can influence investor decisions and perceptions of corporate governance.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures, but they can reveal information about executive compensation and potential governance issues that may impact stock price.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this DEF 14A filing for Ashland Inc.?

The primary purpose is to provide detailed information regarding the company's annual meeting of stockholders, including executive compensation, director nominations, and other corporate governance matters.

Who is Guillermo Novo and what is his role in relation to the compensation data presented?

Guillermo Novo is an executive at Ashland Inc. The filing references his compensation and equity awards for the fiscal years 2022-2023.

What fiscal years are covered by the compensation and equity award data in this filing?

The filing covers compensation and equity award data for fiscal years including 2020-2021, 2021-2022, 2022-2023, and 2023-2024.

What does 'DEF 14A' signify in the context of this SEC filing?

DEF 14A signifies a Definitive Proxy Statement, which is filed by companies to solicit proxies from shareholders for an upcoming annual or special meeting.

What is the company's stated fiscal year end?

Ashland Inc.'s fiscal year ends on September 30 (0930).

Filing Stats: 4,250 words · 17 min read · ~14 pages · Grade level 14.6 · Accepted 2024-12-09 16:05:30

Key Financial Figures

Filing Documents

From the Filing

DEF 14A SCHEDULE 14A INFORMATION 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 Pursuant to Section 240.14a-11(c) or Section 240.14a-12 ASHLAND INC. (Name of Registrant as Specified in Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: N/A (2) Aggregate number of securities to which transaction applies: N/A (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): N/A (4) Proposed maximum aggregate value of transaction: N/A (5) Total fee paid: N/A 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. l etter to stockholders On behalf of the Board of Directors (the "Board") and the Ashland Inc. ("Ashland" or the "Company") management team, thank you for your continued confidence in Ashland. We are pleased to invite you to our 2025 Annual Meeting of Stockholders (the "Annual Meeting"), which will be held virtually on Tuesday, January 21, 2025, at 10:30 a.m. Eastern Time. The attached Notice of Annual Meeting of Stockholders and Proxy Statement will serve as your guide to the business to be conducted at the Annual Meeting. The Notice of Annual Meeting of Stockholders, Proxy Statement, and form of proxy or voting instruction form are being made available over the Internet or, upon request, delivered by mail on or about December 9, 2024, to stockholders of record. Fiscal year 2024 highlights Fiscal 2024 marked a year of evolution as we continued to execute our strategic growth strategy. Key developments and accomplishments during fiscal 2024 include: Delivered strategic progress, margin expansion, high-quality free cash flow, and disciplined execution across the business. Completed portfolio optimization initiatives to focus our core on high quality markets where we have leadership positions and improved financial performance. Advanced seven new technology platforms and deployed targeted investments in high value globalization business lines to enhance organic growth opportunities. Targets accepted by the Science Based Targets Initiative (SBTi), which will align Ashland's operations with the Paris Climate Accord's objective of limiting global temperature increases to 1.5C above preindustrial levels. Targets include a reduction in Ashland's scope 1, 2, and 3 greenhouse gas emissions. Improved total preventable recordable rate for safety to 0.46 incidents per 100 full time workers during the year. Repurchased $380 million of Ashland stock (4.3 million shares). As of September 30, 2024, $620 million remained available for repurchase under the 2023 Stock Repurchase Program. Commitment to Board refreshment and diversity As our Company evolves, so do the skills, qualifications, attributes and experience that the Board seeks in its director nominees. We take a strategic approach to our Board composition and have focused our efforts on adding new Board members whose skills are best aligned with our strategy. Over the last four years we have refreshed our Board with talented and diverse individuals with the necessary skills and expertise to oversee our long-term growth strategy. Since 2020, we have welcomed seven new independent directors. We believe that a dynamic and diverse board that is committed to representing the long-term interests of our stockholders is essential for our success. To date, our directors' diverse experience, skills and independent thought leadership have been invaluable to me and our management team in establishing and executing on our long-term business strategy and managing both short-and long-term risks that we may face. 2025 proxy statement / i Looking ahead As we move into fiscal 2025, we are committed to executing our strategy while remaining focused on delivering sustainable, profitable growth and long-term shareholder value to responsibly solve for a better world. Your vote is very important to us and we look forward to welcoming you at the Annual Meeting. Regardless of whether you plan to virtually attend the Annual Meeting, please vote your shares as soon as possible. Sincerely, Guillermo Novo Chair and Chief Executive Officer ii

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