Air Products & Chemicals DEFA14A Filing

TL;DR

APCI filed proxy docs, shareholders vote soon.

AI Summary

Air Products and Chemicals, Inc. filed a DEFA14A proxy statement on November 8, 2024. This filing is soliciting material under Rule 14a-12, indicating it's not a preliminary proxy statement but rather definitive additional materials or soliciting material used before the definitive proxy statement is filed. The company is based in Allentown, PA, and operates in the industrial inorganic chemicals sector.

Why It Matters

This filing is a proxy statement, which is crucial for shareholders as it outlines important information regarding company proposals, executive compensation, and voting procedures before annual meetings.

Risk Assessment

Risk Level: low — This is a standard SEC filing (DEFA14A) which is routine for public companies and does not inherently indicate elevated risk.

Key Players & Entities

• Air Products & Chemicals, Inc. (company) — Registrant
• Allentown, PA (location) — Company Headquarters
• 2810 (industry_code) — Standard Industrial Classification

FAQ

From the Filing

0001193125-24-253408.txt : 20241108 0001193125-24-253408.hdr.sgml : 20241108 20241107194855 ACCESSION NUMBER: 0001193125-24-253408 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20241108 DATE AS OF CHANGE: 20241107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Air Products & Chemicals, Inc. CENTRAL INDEX KEY: 0000002969 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 231274455 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-04534 FILM NUMBER: 241437649 BUSINESS ADDRESS: STREET 1: 1940 AIR PRODUCTS BLVD. CITY: ALLENTOWN STATE: PA ZIP: 18106-5500 BUSINESS PHONE: 6104814911 MAIL ADDRESS: STREET 1: 1940 AIR PRODUCTS BLVD. CITY: ALLENTOWN STATE: PA ZIP: 18106-5500 FORMER COMPANY: FORMER CONFORMED NAME: AIR PRODUCTS & CHEMICALS, INC. DATE OF NAME CHANGE: 20220408 FORMER COMPANY: FORMER CONFORMED NAME: AIR PRODUCTS & CHEMICALS INC /DE/ DATE OF NAME CHANGE: 19920703 DEFA14A 1 d873539ddefa14a.htm DEFA14A 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 The following is an excerpt from the transcript of the earnings conference call held by Air Products and Chemicals, Inc. on November 7, 2024. Operator: Moving next to Jeff Zekauskas with JPMorgan. Jeffrey J. Zekauskas (Analyst, JPMorgan Securities LLC): Thanks very much. Yeah, I think that there are two prominent activists that seem to be involved in Air Products, and one of them published a large slide deck. You know, maybe, generally speaking, all about the de-risking of various projects. When you – when you listen or look at the activist approach to Air Products, how do you reflect on it? Is it something that leads you to change your behavior in any way or not change your behavior? How do you assess the different new owners and your products and their ideas about the company? Seifollah Ghasemi: Hey, Jeff, thank you for your question. I mean, Air Products has 220 million shares. We have many, many investors. And we have respect for all of our investors, as you know very well. We meet very often with our investors, and we believe the view of all of the investors is as important as the view of one investor. So, I don’t want to single out the fact that we listen to a particular investor, we listen to all of our investors. And the suggestions that have been made by all of our different investors is pretty consistent. They want us to focus on our base industrial gas business, which we are. And they also want to make sure that we are investing in the developing green hydrogen business in a responsible way. And we are obviously doing that. And all of our investors throughout the years always ask about succession planning and we have always been very diligent about succession planning. And we have now laid out very specifically what we want to do. So as I said, we listen to all of our shareholders and we take their views very seriously and consider them and then act on them if necessary. Importan