How To Vote

It’s Time to Vote – Your Vote Matters No Matter How Many Shares You Own

Your Vote Is Very Important

Air Products’ 2025 Annual Meeting will be held on January 23, 2025. Your vote is very important, no matter how many shares you own. You can vote your shares using one of the voting options listed below. If you have questions or need assistance, please call 877 732-3613. Mantle Ridge urges Shareholders to use our BLUE universal proxy card or voting instruction form to vote.

More Information About Voting Your Shares

“[W]e believe Mantle Ridge has — APD’s manifold and occasionally specious protestations to the contrary — advanced a highly credible slate of candidates who appear well suited to the challenge at hand.”

“APD’s decision to pursue mega projects beyond the scope of its traditional business has resulted in deterioration of key metrics and investor sentiment, driving TSR underperformance relative to peers.”

“In our opinion, the current management team has significantly eroded shareholder value through their unprofitable investments, resulting in excessive cash burn and increasing debt.”

How To Vote

  • “FOR” each of the Mantle Ridge Nominees:  Andrew Evans, Paul Hilal, Tracy McKibben and Dennis Reilley; 
  • “WITHHOLD” on each of the following Company nominees:  Charles Cogut, Lisa A. Davis, Seifollah Ghasemi and Edward L. Monser; and 
  • “FOR” each of the following Company nominees:  Tonit M. Calaway, Jessica Trocchi Graziano, Bhavesh V. Patel, Wayne T. Smith and Alfred Stern.

If you have previously voted a white proxy card or voting instruction form furnished by Air Products, you have every right to change your vote. Only your latest dated proxy card will count. Please vote the BLUE proxy card or voting instruction form by Internet, telephone or mail.

If you are an employee holding shares through a brokerage firm, bank, nominee or the Company’s 401(k) plan, your vote is strictly confidential and cannot be disclosed to either Air Products or Mantle Ridge.

IMPORTANTLY, IF YOU MARK MORE THAN NINE “FOR” BOXES WITH RESPECT TO THE ELECTION OF DIRECTORS, ALL OF YOUR VOTES FOR THE ELECTION OF DIRECTORS WILL BE DEEMED INVALID.

Holders of shares of Air Products’ common stock as of the record date of November 27, 2024, are urged to submit a blue universal proxy card or voting instruction form even if your shares were sold after the record date.

If you have already sent a proxy card furnished by company management or the Board, you may revoke that proxy and vote on the director nominees by signing, dating and returning the blue universal proxy card or voting instruction form. The latest dated proxy is the only one that will be counted. Any proxy may be revoked at any time prior to the 2025 annual meeting by delivering a written notice of revocation or a later dated proxy for the 2025 annual meeting or by voting in person at the 2025 annual meeting.

Voting Assistant

Questions About Voting?

D.F. King & Co., Inc.
Shareholders call toll-free / 877 732-3613
Banks and Brokers call / 212 269-5550
E / [email protected]

“Reilley and Menezes have proven themselves as excellent industrial gas executives. Reilley, who is now 71, has demonstrated managerial expertise at the CEO level and Menezes, who is 61, has shown high competence in large operational roles. If Seifi Ghasemi were to stand aside, it would be difficult to imagine a stronger pair of candidates to take his place.”

– JP Morgan, 10/18/24

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