other material
confidence high
sentiment negative
materiality 0.15
Air Products elects three Mantle Ridge nominees; CEO Ghasemi loses board seat
Air Products & Chemicals, Inc.
- Mantle Ridge nominees Paul Hilal, Andrew Evans, Dennis Reilley elected; six management nominees also elected.
- Incumbent CEO Seifollah Ghasemi received 76.2M votes for vs 100.0M withheld, not elected.
- Advisory say-on-pay passed with 93.7% support; auditor ratification approved with 99.5%.
- Shareholder proposal to repeal bylaw amendments failed with 49.2% of entitled votes in favor.
- Total shares voted: 176.7M (79.4% of outstanding shares).