Frankfurt - Delayed Quote • EUR Air Products and Chemicals, Inc. (AP3.F) Follow Compare 298.80 +3.00 +(1.01%) As of 8:02:47 AM GMT+1. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations US pension fund CalSTRS to back Mantle Ridge candidates in Air Products board battle The California State Teachers Retirement System (CalSTRS) said it will vote for activist investment firm Mantle Ridge's four director candidates to the board of Air Products and Chemicals, in the year's first major boardroom battle. The pension fund, which oversees $352.5 billion in assets, said on its website that it will back all four dissident candidates and withhold votes for four of Air Products' board members, including chief executive Seifi Ghasemi and lead director Edward Monser at the Jan. 23 annual meeting. Mantle Ridge wants industrial gases company Air Products to lay out a succession plan for its octogenarian CEO, who has served at the helm for a decade, allocate its capital differently and scale back on risky projects. Air Products Announces Preliminary Q1FY25 GAAP EPS of $2.77 and Adjusted EPS of $2.86, Exceeding Company's Previous Adjusted EPS Guidance for the Quarter Air Products (NYSE:APD) today announced preliminary fiscal 2025 first quarter GAAP earnings per share# ("EPS") of $2.77 and preliminary fiscal 2025 first quarter adjusted EPS* of $2.86. Preliminary adjusted EPS exceeds the top end of the Company's previous fiscal 2025 first quarter adjusted EPS guidance* of $2.75 to $2.85. Air Products and Chemicals Shareholders Urged by Egan-Jones to Vote for Mantle Ridge Director Nominees Air Products and Chemicals (APD) shareholders are being encouraged by Egan-Jones Proxy Services to v Mantle Ridge's board nominees for Air Products get backing from Egan-Jones Recently, proxy advisory firms Institutional Shareholder Services and Glass Lewis have also backed Mantle Ridge, which has been pushing for changes at the company, including finding a new CEO and overhauling its strategy. Mantle Ridge is asking shareholders to elect its nominees, including its founder Paul Hilal, to the nine-member board. LEADING PROXY ADVISORY FIRM EGAN-JONES RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" ALL FOUR MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, TRACY MCKIBBEN, AND DENNIS REILLEY Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today announced that Egan-Jones Proxy Services ("Egan-Jones"), a leading independent proxy advisory firm, has recommended that Air Products shareholders vote "FOR" the election of all four of Mantle Ridge's independent director nominees – Andrew Evans, P Air Products Sends Letter to Shareholders Highlighting Reasons to Support Its Board Nominees Air Products' (NYSE: APD) Board of Directors today sent a letter to shareholders in connection with its upcoming 2025 Annual Meeting of Shareholders (the "Annual Meeting"), which will be held at 8:30 a.m. U.S. Eastern Time on January 23, 2025. All Air Products shareholders of record as of the close of business on November 27, 2024, will be entitled to vote at the Annual Meeting. LEADING PROXY ADVISORY FIRM ISS RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, AND DENNIS REILLEY Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that Air Products shareholders vote "FOR" the election of Mantle Ridge nominees Andrew Evans, Paul Hilal, and Dennis Reilley Are You Looking for a High-Growth Dividend Stock? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Air Products and Chemicals (APD) have what it takes? Let's find out. ISS backs three of four dissident director candidates in Air Products fight NEW YORK (Reuters) -Activist investor Mantle Ridge on Monday won support from a second proxy advisory firm as it battles for board seats at industrial gases company Air Products and Chemicals with an eye to changing strategy and finding a successor for its CEO. Institutional Shareholder Services recommended that Air Products and Chemicals investors elect three of activist investor Mantle Ridge's four director candidates to the company's nine-member board. Mantle Ridge Sends Open Letter to Air Products and Chemicals, Inc. Shareholders and Employees Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today sent a letter to the Company's shareholders and employees addressing frequently asked questions it has received regarding its nomination of four highly qualified director candidates – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – t Air Products and Chemicals Faces Criticism From Proxy Advisory Glass Lewis, Shareholder Mantle Ridge Air Products and Chemicals (APD) faced a call for change at the company by a proxy advisor firm Glas LEADING PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" ALL FOUR MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, TRACY MCKIBBEN, AND DENNIS REILLEY Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today announced that Glass Lewis & Co. ("Glass Lewis"), a leading independent proxy advisory firm, has recommended that Air Products shareholders vote "FOR" the election of all four of Mantle Ridge's highly qualified director nominees – Andrew Evans, Pau Glass Lewis recommends Air Products investors back all of Mantle Ridge's board candidates NEW YORK (Reuters) -Proxy advisory firm Glass Lewis on Thursday recommended that Air Products and Chemicals investors elect all four of Mantle Ridge's board candidates, lending support to the activist investor in the year's first big board challenge. Mantle Ridge argues the industrial gases company needs to lay out a succession plan for its octogenarian CEO Seifi Ghasemi, who has served at the helm for a decade, allocate its capital differently and scale back on risky projects. It said its four candidates, including the hedge fund's founder, Paul Hilal, would ensure greater order on the board. Air Products Sends Letter to Shareholders Correcting Mantle Ridge's Falsehoods and Misleading Claims Air Products' (NYSE:APD) Board of Directors today sent a letter to shareholders in connection with its upcoming 2025 Annual Meeting of Shareholders (the "Annual Meeting"), which will be held at 8:30 a.m. U.S. Eastern Time on January 23, 2025. All Air Products shareholders of record as of the close of business on November 27, 2024 will be entitled to vote at the Annual Meeting. The letter is available at voteairproducts.com. It's Time for a Fresh Start at Air Products: Mantle Ridge Sends Letter to Air Products and Chemicals, Inc. Shareholders Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today sent a letter to the Company's shareholders highlighting the critical sector expertise, value creation ability, and extensive public company CEO, CFO, and Board leadership experience of its four highly qualified, independent director nominees – And Air Products and Chemicals Pours Cold Water on Activist Investor Mantle Ridge's CEO, Chair Nominations Air Products and Chemicals (APD) said late Wednesday that its shareholder Mantle Ridge's proposed no Air Products' Board of Directors Issues Response to Mantle Ridge Air Products' (NYSE:APD) Board of Directors today issued the following statement in response to Mantle Ridge's Shareholder letter, issued today: Mantle Ridge Issues Shareholder Letter Outlining the Path Forward for Air Products and Chemicals, Inc. Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today sent a letter to the Company's shareholders outlining its detailed plan to help Air Products improve from a laggard to a leader within the industrial gases industry, and reiterating its belief that the election of its four superbly qualified, indep Air Products Activist Investor Mantle Ridge Introduces 4 Director Nominees, CEO Candidate Air Products and Chemicals (APD) activist investor Mantle Ridge on Tuesday introduced four director Air Products Board of Directors Reiterates Deliberate Succession Planning Process, Superior Quality of its Board Candidates, and Strong Financial Performance Air Products' (NYSE:APD) Board of Directors today issued the following statement: