8-KShareholder Matters

Air Products & Chemicals, Inc. 8-K Report, Shareholder Vote Results (Jan 26, 2023)

Filed January 26, 2023For Securities:APD

Summary

Air Products & Chemicals, Inc. (APD) filed an 8-K on January 26, 2023, detailing the outcomes of its 2023 Annual Meeting of Shareholders held on January 25, 2023. The meeting saw a strong turnout, with approximately 87.23% of the shares entitled to vote represented, indicating significant shareholder engagement. All incumbent directors were re-elected to serve until the 2024 Annual Meeting, with overwhelming support for each nominee. Key shareholder votes also included advisory approval of executive compensation and a strong preference for holding future advisory votes on compensation on an annual basis. The appointment of Deloitte & Touche LLP as the independent auditor for the fiscal year ending September 30, 2023, was ratified with near-unanimous support. Overall, the filing suggests a stable governance environment and shareholder confidence in the company's current leadership and audit oversight.

Key Highlights

  • 1All nominated directors were overwhelmingly re-elected to serve until the 2024 Annual Meeting of Shareholders.
  • 2Shareholders approved, on an advisory basis, the compensation of the company's named executive officers with approximately 93.16% of the votes cast in favor.
  • 3Shareholders overwhelmingly supported holding an advisory vote on executive compensation on an annual basis, with approximately 98.77% of the votes cast in favor.
  • 4The appointment of Deloitte & Touche LLP as the independent auditor for the fiscal year ending September 30, 2023, was ratified with approximately 99.43% of the votes cast in favor.
  • 5A quorum was established with approximately 87.23% of the shares entitled to vote represented at the Annual Meeting.
  • 6Broker non-votes were noted for director elections and the advisory vote on executive compensation, but were minimal for the auditor ratification.

Frequently Asked Questions

The main topics voted on were the election of directors, an advisory vote on executive officer compensation, the frequency of future advisory votes on executive compensation, and the ratification of the appointment of the independent auditor.

All nominees for director were elected to serve until the Company's 2024 Annual Meeting of Shareholders. Each nominee received a significant majority of the 'Votes For' compared to 'Votes Against', 'Votes Abstained', and 'Broker Non-Votes'.

Shareholders approved, on an advisory basis, the compensation of the company's named executive officers, with approximately 93.16% of the votes cast in favor. Furthermore, shareholders overwhelmingly supported holding these advisory votes on an annual basis.

Yes, the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending September 30, 2023, was ratified by shareholders with approximately 99.43% of the votes cast in favor.