LEHIGH
VALLEY, Pa., Nov. 19,
2024 /PRNewswire/ -- Air Products (NYSE:APD) today
issued the following statement regarding the nomination of director
candidates by Mantle Ridge for election to the Air Products Board
of Directors at the Company's 2025 Annual Meeting:
Air Products' Board of Directors has received
Mantle Ridge's nomination notice and director nominees. The Board
will present its formal recommendation regarding director nominees
in the Company's proxy materials to be filed with the Securities
and Exchange Commission in due course. Air Products shareholders
are not required to take any action at this time.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases
company in operation for over 80 years focused on serving energy,
environmental, and emerging markets and generating a cleaner
future. The Company supplies essential industrial gases, related
equipment and applications expertise to customers in dozens of
industries, including refining, chemicals, metals, electronics,
manufacturing, medical and food. As the leading global supplier of
hydrogen, Air Products also develops, engineers, builds, owns and
operates some of the world's largest clean hydrogen projects,
supporting the transition to low- and zero-carbon energy in the
industrial and heavy-duty transportation sectors. Through its sale
of equipment businesses, the Company also provides turbomachinery,
membrane systems and cryogenic containers globally.
The Company had fiscal 2024 sales of $12.1 billion from operations in
approximately 50 countries and has a current market
capitalization of over $65 billion.
Approximately 23,000 passionate, talented and committed employees
from diverse backgrounds are driven by Air Products' higher purpose
to create innovative solutions that benefit the environment,
enhance sustainability and reimagine what's possible to address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com or follow us on
LinkedIn, X, Facebook or Instagram.
This release contains "forward-looking statements"
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's expectations and assumptions as of the date
of this release and are not guarantees of future performance. While
forward-looking statements are made in good faith and based on
assumptions, expectations and projections that management believes
are reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including the risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2023 and other
factors disclosed in our filings with the Securities and Exchange
Commission. Except as required by law, we disclaim any obligation
or undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.
Important Additional Information and Where to Find It
Air Products and Chemicals, Inc. (the "Company") plans to file
proxy materials with the U.S. Securities and Exchange Commission
(the "SEC") in connection with the solicitation of proxies for the
Company's 2025 annual meeting of shareholders (the "2025 Annual
Meeting"). Prior to the 2025 Annual Meeting, the Company will file
a definitive proxy statement (the "Proxy Statement") together with
a WHITE proxy card. SHAREHOLDERS ARE URGED TO READ THE PROXY
STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY
OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC
CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders will be able
to obtain, free of charge, copies of the Proxy Statement, any
amendments or supplements thereto and any other documents
(including the WHITE proxy card) when filed by the Company with the
SEC at the SEC's website (http://www.sec.gov) or at the Company's
website https://investors.airproducts.com or by Innisfree
M&A Incorporated, toll-free
at (877) 750-0537 banks and brokers call collect at
(212) 750-5833.
Certain Information Regarding Participants
The Company, its directors and certain of its executive officers
and other employees may be deemed to be "participants" (as defined
in Section 14(a) of the Securities Exchange Act of 1934, as
amended) in the solicitation of proxies from shareholders in
connection with the 2025 Annual Meeting. Additional information
regarding the identity of these potential participants and their
direct or indirect interests, by security holdings or otherwise,
will be set forth in the Proxy Statement and other materials to be
filed with the SEC in connection with the 2025 Annual Meeting.
Information relating to the foregoing can also be found in the
Company's definitive proxy statement for its 2024 annual meeting of
shareholders, filed with the SEC on December 8, 2023.
Information regarding the ownership of the Company directors and
executive officers in the shares of the Company common stock is
included in their SEC filings on Forms 3, 4, and 5, which can be
found at the SEC's website at www.sec.gov. More detailed and
updated information regarding the identity of potential
participants, and their direct or indirect interests (by security
holdings or otherwise), will be set forth in the proxy statement
and other materials to be filed with the SEC. These documents can
be obtained free of charge from the sources indicated above.
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SOURCE Air Products