Air Products & Chemicals Files Proxy Materials

TL;DR

APCI filed proxy docs, likely for shareholder votes. Nothing major revealed yet.

AI Summary

Air Products & Chemicals, Inc. filed a Definitive Additional Materials proxy statement on January 7, 2025. This filing relates to the company's proxy materials, which are typically used for shareholder meetings to vote on corporate matters. The filing does not appear to contain new proposals or significant financial disclosures beyond standard proxy statement information.

Why It Matters

This filing indicates that Air Products & Chemicals, Inc. is proceeding with its corporate governance processes, likely in preparation for a shareholder meeting where key decisions will be made.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain new financial information or significant corporate actions that would immediately impact the stock price.

Key Players & Entities

• Air Products & Chemicals, Inc. (company) — Registrant
• 0001193125-25-002611 (filing_id) — Accession Number
• 20250107 (date) — Filing Date

FAQ

From the Filing

0001193125-25-002611.txt : 20250107 0001193125-25-002611.hdr.sgml : 20250107 20250107084955 ACCESSION NUMBER: 0001193125-25-002611 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20250107 DATE AS OF CHANGE: 20250107 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: 25513549 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 d910686ddefa14a.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 On January 7, 2025, Air Products and Chemicals, Inc. issued the following press release and posted the same to its websites, https://www.voteairproducts.com/ and https://www.airproducts.com/: Air Products Board of Directors Reiterates Deliberate Succession Planning Process, Superior Quality of its Board Candidates, and Strong Financial Performance LEHIGH VALLEY, PA – January 7, 2025 – Air Products (NYSE:APD) Board of Directors today issued the following statement: Air Products is executing on a rigorous CEO succession plan, announced long before Mantle Ridge and D.E. Shaw started advocating for succession, while refreshing its Board with two highly qualified directors at the 2025 Annual Meeting of Shareholders. The Board has clearly articulated a CEO succession plan to ensure a smooth transition between Mr. Ghasemi and his successor, and has committed to providing an announcement of a new President and related timeline for CEO succession no later than March 31, 2025. Just a few months ago, Mantle Ridge talked about its “…truly profound admiration, gratitude, and affection for Seifi.” Now Mantle Ridge is attempting to impugn Mr. Ghasemi’s reputation with misinformation. We believe Mantle Ridge’s nominees have been selected, not because their experience is superior to or more relevant than our existing nominees, but rather because of pre-existing relationships with Mr. Hilal or status as loyal Hilal supporters in order to enact his short-term agenda. We cannot overlook multiple media reports that Mantle Ridge nominee, Dennis Reilley, reportedly shared confidential board materials with a neighbor while serving on three public company boards, or Mr. Hilal’s judgment in originally proposing Mr. Reilley to replace Mr. Ghasemi as CEO. None of Mantle Ridge’s nominees are as qualified as Air Products’ nominees, and the addition of any one of them could be to th