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Form 8-K · Current Report · Filed 2024-12-05

Mantle Ridge Withdraws Nomination Proposals

On December 4, 2024, Mantle Ridge LP and its affiliates withdrew their nomination and proposal for certain candidates for the Board of Directors of Air Products and Chemicals, Inc.

Filer
Air Products and Chemicals Inc. APD · NYSE
Filed
Accession
0001193125-24-271060
CIK
0000002969
Signal
Low impactBasic Materials

Details

This change was announced the day after the Company filed its Definitive Proxy Statement with the SEC. Mantle Ridge has yet to file revised preliminary proxy materials but the Company plans to file a supplement to its Definitive Proxy Statement and a new WHITE proxy card to reflect this Nomination Change.

Items reported

Item 8.01

Other Events

Corporate Update

Market reaction

Close before filing

$327.48

Next session

-2.3%

Since filing

-10.0%

Latest close

$294.89

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from APD reporting the same item, with the next session's move:

About Air Products and Chemicals Inc.

Air Products and Chemicals Inc. is a prominent player in the industrial gases sector, providing essential products that serve a myriad of industries worldwide. This global entity specializes in offering atmospheric gases, process, and specialty gases, equipment, and related services to a diverse range of clients, including those in energy, transportation, and technology sectors. Notably, Air Products is a leader in supplying hydrogen and helium solutions, which are critical for refining, aerospace, and electronics manufacturing. The company's liquid hydrogen production plays a significant role in advancing clean energy solutions, such as hydrogen fuel cells for vehicles. Founded in 1940 and headquartered in Allentown, Pennsylvania, Air Products maintains a significant presence in over 50 countries. Its commitment to sustainability and innovation makes it a vital contributor to the global shift towards greener industrial processes and cleaner energy solutions. By maintaining a robust infrastructure of production and distribution, Air Products ensures the secure and efficient delivery of vital industrial gases, underscoring its critical role in numerous sectors that depend on reliable and sustainable supply chains.

Exchange NYSE Industry Specialty Chemicals Company website ↗

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