Air Products (APD) shareholder Mantle Ridge, which, together with its affiliates, beneficially owns approximately $1.3B of the outstanding common shares of Air Products, announced that independent proxy advisory firm Egan-Jones has recommended that Air Products shareholders vote “for” the election of all four of Mantle Ridge’s independent director nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – to the company’s Board of Directors at the company’s 2025 Annual Meeting of Shareholders scheduled for January 23. Egan-Jones also recommended shareholders vote “withhold” against all four of the company nominees opposed by Mantle Ridge – Charles Cogut, Lisa A. Davis, Seifollah “Seifi” Ghasemi, and Edward L. Monser. Egan-Jones joined the other two independent proxy advisory firms – ISS and Glass Lewis – in recommending that shareholders vote for change at Air Products.
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Read More on APD:
- Air Products upgraded to Overweight from Equal Weight at Wells Fargo
- Air Products ‘strongly disagrees’ with ISS’ opinion on board nominees
- Mantle Ridge: ISS recommends Air Products investors vote for nominees
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