ASHLAND INC. — fact timeline

ASHLAND INC. entered into Credit Agreement with The Bank of Nova Scotia, Houston Branch, as administrative agent, swing line lender and a letter of credit issuer valued at $500 million five-year revolving credit facility (effective 2026-05-28).

“On May 28, 2026 (such date, the “Closing Date”), Ashland Inc., a Delaware corporation (“Ashland”), entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) among Ashland, as a borrower, Ashland Industries Europe GmbH, a Gesellschaft mit beschränkter Haftung organized under the laws of Switzerland (the “Swiss Borrower”), as a borrower, each lender from time to time party thereto, The Bank of Nova Scotia, Houston Branch, as administrative agent, swing line lender and a letter of credit issuer, each other letter of credit issuer from time to time party thereto and Citibank, N.A., as syndication agent. The Credit Agreement provides for a $500 million five-year revolving credit facility (including a $125 million letter of credit sublimit) (the “Revolving Facility”), which may be drawn by Ashland or the Swiss Borrower.”

ASHLAND INC. amended revolving credit of $500 million with The Bank of Nova Scotia, Houston Branch, as administrative agent at Term SOFR plus 1.375% per annum maturing five years.

“The Credit Agreement provides for a $500 million five-year revolving credit facility”

Bertrand Loy was appointed as Director at ASHLAND INC..

“On May 15, 2026, the Board of Directors (the “Board”) of Ashland Inc. (the “Company”) increased the size of the Board from eight to nine directors and appointed Mr. Bertrand Loy to serve as an independent director on the Board, effective the same day.”

ASHLAND INC. reported preliminary financial results for second quarter.

“On April 28, 2026, Ashland Inc. (“Ashland”) announced preliminary second quarter results, which are discussed in more detail in the news release (the “News Release”) attached to this Current Report on Form 8-K (“Form 8-K”) as Exhibit 99.1, which is incorporated herein by reference into this Item 2.02.”

Samuel A. Richardson was appointed as Vice President, Controller and Principal Accounting Officer at ASHLAND INC..

“On May 5, 2025, the Board also appointed Samuel A. Richardson, the Company’s Controller, to serve as Vice President, Controller and Principal Accounting Officer of the Company, effective May 6, 2025.”

William C. Whitaker was appointed as Interim Chief Financial Officer at ASHLAND INC..

“On May 5, 2025, the Company’s Board of Directors (the “Board”) appointed William C. Whitaker, the Company’s Vice President, Finance and Director, Investor Relations, to serve as the Company’s Interim Chief Financial Officer, effective May 6, 2025.”

J. Kevin Willis resigned as Chief Financial Officer at ASHLAND INC..

“On May 1, 2025, J. Kevin Willis notified Ashland Inc. (the “Company”) of his intention to resign as the Company’s Senior Vice President, Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer, effective May 16, 2025 (the “Effective Date”), to pursue another opportunity.”

J. Kevin Willis was appointed as Principal Accounting Officer at ASHLAND INC..

“On January 21, 2025, the Board of Directors of Ashland Inc. (“Ashland” or the “Company”) appointed J. Kevin Willis, the Company’s Senior Vice President, Chief Financial Officer and Principal Financial Officer, to also serve as the Company’s Principal Accounting Officer, effective January 21, 2025.”

Eric F. Boni departed as Vice President, Finance and Principal Accounting Officer at ASHLAND INC..

“On November 19, 2024, Ashland Inc (the “Company”) and Eric F. Boni, the Company’s Vice President, Finance and Principal Accounting Officer, agreed that Mr. Boni will depart from the Company following a brief transition period.”

Wetteny Joseph departed as member of the Board of Directors at ASHLAND INC..

“On October 30, 2024, Wetteny Joseph, a member of the Board of Directors (the “Board”) of Ashland Inc. (the “Company”), notified the Company of his decision to not stand for reelection to the Board at the Company’s 2025 Annual Meeting of Stockholders (the “Annual Meeting”).”

Ashish K. Kulkarni was elected as Director at ASHLAND INC..

“On May 6, 2024, the Board of Directors (“Board”) of Ashland Inc. (“Company”) elected Ashish K. Kulkarni, to the Board to serve as an independent director, and also appointed him to serve as a member of the Board's Environmental, Health, Safety, and Quality Committee and the Compensation Committee, in each case effective May 6, 2024.”

ASHLAND INC. announced a impairment with charges of $110 million to $120 million affecting nutraceuticals business.

“the Company expects to incur a non-cash impairment charge relating to the goodwill and other intangible assets and property, plant and equipment of this business during the third quarter of fiscal 2024 in the range of $110 million to $120 million”

ASHLAND INC. updated its second quarter of fiscal year 2024 guidance (reaffirmed).

“On April 30, 2024, Ashland Inc. (“Ashland”) announced preliminary second quarter results, which are discussed in more detail in the news release (the “News Release”) attached to this Current Report on Form 8-K (“Form 8-K”) as Exhibit 99.1, which is incorporated herein by reference into this Item 2.02.”

Ashok Kalyana resigned as Senior Vice President, and General Manager, Life Sciences and Intermediates at ASHLAND INC..

“On April 29, 2024, Ashok Kalyana submitted his resignation from his role as Senior Vice President, and General Manager, Life Sciences and Intermediates of Ashland Inc. effective May 10, 2024.”

Scott A. Tozier was elected as Independent Director at ASHLAND INC..

“On April 10, 2024, the Board of Directors (“Board”) of Ashland Inc. (“Company”) elected Scott A. Tozier to the Board to serve as an independent director, and also appointed him to serve as a member of the Board's Audit Committee and the Environmental, Health, Safety, and Quality Committee, in each case effective April 15, 2024.”

Min Chong departed as Senior Vice President and General Manager, Personal Care and Specialty Additives at ASHLAND INC..

“On February 20, 2024, Ashland Inc. (the “Company”) and Min Chong, the Company’s Senior Vice President and General Manager, Personal Care and Specialty Additives, agreed that Mr. Chong will depart from the Company on April 30, 2024.”

ASHLAND INC. reported first quarter of fiscal year 2024, which ended December 31, 2023 results: revenue $473 million, net income $26 million, EPS $0.51 per diluted share.

“(EX-99.1) --- EX-99.1 Exhibit 99.1 Ashland reports financial results 1 for first quarter fiscal 2024; issues outlook for second quarter and full-year fiscal 2024 • Sales of $473 million, down 10 percent from the prior-year quarter • Net income (including discontinued operations) of $26 million, or $0.51 per diluted share • Income from continuing operations of”

ASHLAND INC. shareholders approved Non-binding advisory resolution approving the compensation paid to Ashland’s named executive officers at the 2024-01-23 meeting.

“Proposal 3: The non-binding advisory resolution approving the compensation paid to Ashland’s named executive officers, was approved by the stockholders by the votes set forth in the table below: For Against Abstain Broker Non-Votes 43,704,391 482,010 94,626 2,737,891”

ASHLAND INC. shareholders approved Ratification of Ernst & Young LLP as Ashland’s independent registered public accountants for fiscal 2024 at the 2024-01-23 meeting.

“Proposal 2: The appointment of Ernst & Young LLP as Ashland’s independent registered public accountants for fiscal 2024 was ratified by the stockholders by the votes set forth in the table below: For Against Abstain Broker Non-Votes 46,787,022 193,919 37,977 0”

ASHLAND INC. shareholders approved Election of Directors at the 2024-01-23 meeting.

“Proposal 1: All of the nominees for director were elected to serve until the next annual meeting of stockholders and until their respective successors are elected and qualified, by the votes set forth in the table below: Nominee For Against Abstain Broker Non-Votes Steven D. Bishop 44,036,400 202,932 41,696 2,737,891 Sanat Chattopadhyay 44,055,810 181,806 43,411 2,737,891 Suzan F. Harrison 43,855,868 384,204 40,955 2,737,891 Wetteny Joseph 44,073,076 163,579 44,373 2,737,891 Susan L. Main 43,831,106 408,376 41,546 2,737,891 Guillermo Novo 43,791,092 445,759 44,177 2,737,891 Sergio Pedreiro 44,010,777 227,236 43,015 2,737,891 Jerome A. Peribere 42,900,912 1,337,510 42,606 2,737,891 Janice J. Teal 43,682,939 557,277 40,813 2,737,891”

Sanat Chattopadhyay was elected as Director at ASHLAND INC..

“On November 13, 2023, the Board of Directors (“Board”) of Ashland Inc. (“Company”) elected Sanat Chattopadhyay to the Board to serve as an independent director”

ASHLAND INC. updated its fourth quarter and fiscal year 2023 guidance (initiated).

“Ashland Inc. (“Ashland”) announced preliminary fourth quarter and fiscal year 2023 results and fiscal year 2024 outlook”

ASHLAND INC. reported full fiscal year 2023 results: revenue $2.19 billion, net income $178 million net income.

“o Fiscal fourth-quarter and full-year sales of $518 million and $2.19 billion, respectively; o Net loss (including discontinued operations) of $4 million for the quarter; net income (including discontinued operations) of $178 million for the full year;”

ASHLAND INC. reported fiscal fourth-quarter 2023 results: revenue $518 million, net income $4 million net loss.

“o Fiscal fourth-quarter and full-year sales of $518 million and $2.19 billion, respectively; o Net loss (including discontinued operations) of $4 million for the quarter;”

ASHLAND INC. incurred debt of €125 million with Bank of America, N.A. at variable rate plus a margin.

“entered into definitive agreements to establish a three-year €125 million receivables securitization program (the “EU A/R Facility”).”

ASHLAND INC. entered into EU A/R Facility with Bank of America, N.A. valued at €125 million (effective 2023-10-19).

“On October 19, 2023, Ashland Inc. (the “Company”), Ashland International Receivables Designated Activity Company, a wholly-owned subsidiary of the Company and a bankruptcy remote Irish designated activity company, as seller (the “Seller”), and certain of the Company’s wholly-owned international subsidiaries (the “Originators”) entered into definitive agreements to establish a three-year €125 million receivables securitization program (the “EU A/R Facility”).”

ASHLAND INC. reported preliminary financial results for third quarter.

“Item 2.02 Results of Operations and Financial Condition. On July 25, 2023, Ashland Inc. ("Ashland") announced preliminary third quarter results, which are discussed in more detail in the news release (the "News Release") attached to this Current Report on Form 8-K ("Form 8-K") as Exhibit 99.1, which is incorporated herein by reference into this Item 2.02.”

Brendan M. Cummins departed as Director at ASHLAND INC..

“Mr. Jay V. Ihlenfeld and Mr. Brendan M. Cummins, current members of the Board of Directors ( the “Board”) of Ashland Inc. (“Ashland”), each decided to not stand for re-election and to cease serving as a director at Ashland’s next annual meeting of stockholders planned for January 23, 2024”

Jay V. Ihlenfeld departed as Director at ASHLAND INC..

“Mr. Jay V. Ihlenfeld and Mr. Brendan M. Cummins, current members of the Board of Directors ( the “Board”) of Ashland Inc. (“Ashland”), each decided to not stand for re-election and to cease serving as a director at Ashland’s next annual meeting of stockholders planned for January 23, 2024”

ASHLAND INC. reported preliminary financial results for second quarter.

“On May 2, 2023, Ashland Inc. (“Ashland”) announced preliminary second quarter results, which are discussed in more detail in the news release (the “News Release”) attached to this Current Report on Form 8-K (“Form 8-K”) as Exhibit 99.1, which is incorporated herein by reference into this Item 2.02.”

ASHLAND INC. amended debt of up to $115 million between April and October of each year, and up to $100 million at all other times with PNC Bank, National Association and Fifth Third Bank, National Association at a fluctuating rate that is either the applicable commercial paper rate (as defin maturing April 14, 2025.

“Pursuant to the Third Amendment, the accounts receivable securitization facility under the RPA will be in an amount of up to $115 million between April and October of each year, and up to $100 million at all other times.”

ASHLAND INC. shareholders approved Non-binding advisory resolution approving compensation paid to named executive officers at the 2023-01-24 meeting.

“Proposal 3: The non-binding advisory resolution approving the compensation paid to Ashland’s named executive officers, as disclosed in Ashland’s Proxy Statement pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and narrative discussion, was approved by the stockholders by the votes set forth in the table below: For Against Abstain Broker Non-Votes 45,298,244 909,742 103,616 3,084,606”

ASHLAND INC. shareholders approved Election of directors at the 2023-01-24 meeting.

“Proposal 1: All of the nominees for director were elected to serve until the next annual meeting of stockholders and until their respective successors are elected and qualified, by the votes set forth in the table below: Nominee For Against Abstain Broker Non-Votes Steven D. Bishop 46,108,846 141,535 61,222 3,084,606 Brendan M. Cummins 45,990,826 257,219 63,558 3,048,606 Suzan F. Harrison 46,164,658 83,563 63,381 3,048,606 Jay V. Ihlenfeld 46,091,569 178,075 41,958 3,048,606 Wetteny Joseph 46,180,303 67,434 63,866 3,084,606 Susan L. Main 46,066,920 203,762 40,920 3,084,606 Guillermo Novo 45,403,112 843,160 65,330 3,084,606 Jerome A. Peribere 45,947,823 321,493 42,287 3,084,606 Janice J. Teal 46,017,708 250,897 42,997 3,084,606”

ASHLAND INC. reported the first quarter of fiscal year 2023, which ended December 31, 2022 results: revenue $525 million, net income $40 million, EPS $0.73 per diluted share. Guidance reaffirmed.

“Ashland reports financial results 1 for first quarter of fiscal year 2023 consistent with previous update • Sales of $525 million, up three percent from the prior-year quarter • Net income (including discontinued operations) of $40 million, or $0.73 per diluted share”

ASHLAND INC. shareholders approved Advisory vote on frequency of say-on-pay votes at the 2023-01-24 meeting.

“Proposal 4: The shareholder recommended, on an advisory basis, that the frequency of the stockholder vote to approve the compensation of the named executive officers as required by Section 14(a)(2) of the Securities Exchange Act of 1934, as amended, occur every year by the votes set forth in the table below: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 42,384,766 36,670 3,803,370 86,795 3,084,606”

ASHLAND INC. shareholders approved Non-binding advisory resolution to approve executive compensation at the 2023-01-24 meeting.

“Proposal 3: The non-binding advisory resolution approving the compensation paid to Ashland’s named executive officers, as disclosed in Ashland’s Proxy Statement pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and narrative discussion, was approved by the stockholders by the votes set forth in the table below: For Against Abstain Broker Non-Votes 42,298,244 909,742 103,616 3,084,606”

ASHLAND INC. shareholders approved Ratification of Appointment of Ernst & Young LLP as Independent Registered Public Accountants for Fiscal 2023 at the 2023-01-24 meeting.

“Proposal 2: The appointment of Ernst & Young LLP as Ashland’s independent registered public accountants for fiscal 2023 was ratified by the stockholders by the votes set forth in the table below: For Against Abstain Broker Non-Votes 49,185,141 184,884 26,183 0”

ASHLAND INC. shareholders approved Election of Directors at the 2023-01-24 meeting.

“Proposal 1: All of the nominees for director were elected to serve until the next annual meeting of stockholders and until their respective successors are elected and qualified, by the votes set forth in the table below: Nominee For Against Abstain Broker Non-Votes Steven D. Bishop 46,108,846 141,535 61,222 3,084,606 Brendan M. Cummins 45,990,826 257,219 63,558 3,048,606 Suzan F. Harrison 46,164,658 83,563 63,381 3,048,606 Jay V. Ihlenfeld 46,091,569 178,075 41,958 3,048,606 Joseph Wetteny 46,180,303 67,434 63,866 3,084,606 Susan L. Main 43,066,920 203,762 40,920 3,084,606 Guillermo Novo 45,403,112 843,160 65,330 3,084,606 Jerome A. Peribere 45,947,823 321,493 42,287 3,084,606 Janice J. Teal 46,017,708 250,897 42,997 3,084,606”

ASHLAND INC. updated its fourth quarter and fiscal year 2022 guidance (reaffirmed).

“Ashland Inc. (“Ashland”) announced preliminary fourth quarter and fiscal year 2022 results and fiscal year 2023 outlook”

Suzan F. Harrison was elected as Director at ASHLAND INC..

“to disclose the election of Steven D. Bishop and Suzan F. Harrison to Ashland’s Board of Directors (the “Board”) effective July 1, 2022.”

Steven D. Bishop was elected as Director at ASHLAND INC..

“to disclose the election of Steven D. Bishop and Suzan F. Harrison to Ashland’s Board of Directors (the “Board”) effective July 1, 2022.”

Steven D. Bishop was elected as Director at ASHLAND INC..

“Also, on June 9, 2022, Ashland’s Board of Directors (“Board”) elected Ms. Suzan F. Harrison and Mr. Steven D. Bishop to serve on the Board effective July 1, 2022, until the Annual Meeting.”

Suzan F. Harrison was elected as Director at ASHLAND INC..

“Also, on June 9, 2022, Ashland’s Board of Directors (“Board”) elected Ms. Suzan F. Harrison and Mr. Steven D. Bishop to serve on the Board effective July 1, 2022, until the Annual Meeting.”

Ricky C. Sandler departed as Director at ASHLAND INC..

“Messrs. William G. Dempsey and Ricky C. Sandler, current members of the Board of Directors (“Board”) of Ashland Global Holdings Inc. (“Ashland”) each decided to not stand for re-election, and to cease serving, as a director at Ashland’s next annual meeting of stockholders planned for January 24, 2023”

William G. Dempsey departed as Director at ASHLAND INC..

“Messrs. William G. Dempsey and Ricky C. Sandler, current members of the Board of Directors (“Board”) of Ashland Global Holdings Inc. (“Ashland”) each decided to not stand for re-election, and to cease serving, as a director at Ashland’s next annual meeting of stockholders planned for January 24, 2023”