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8-KThe WireRed Alert

Executive Change

Filed May 18, 2023 · 3y ago · Accession 0001193125-23-148126

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 17, 2023       AIR PRODUCTS AND CHEMICALS, INC. (Exact Name of Registrant as Specified in Charter)       Delaware   001-04534   23-1274455 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 1940 Air Products Boulevard Allentown , Pennsylvania 18106-5500 (Address of principal executive offices and Zip Code) (610) 481-4911 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $1.00 per share   APD   New York Stock Exchange 1.000% Euro Notes due 2025   APD25   New York Stock Exchange 0.500% Euro Notes due 2028   APD28   New York Stock Exchange 0.800% Euro Notes due 2032   APD32   New York Stock Exchange 4.000% Euro Notes due 2035   APD35   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 under the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company   ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐       Item 5.02. Departure of Directors or Certain Executive Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 17, 2023, Air Products and Chemicals, Inc. (the “Company”) entered into an amended and restated employment agreement (the “Agreement”) with its Chief Executive Officer, Seifollah Ghasemi. The Agreement extends the term of Mr. Ghasemi’s employment from September 30, 2025 to September 30, 2028. Commencing September 30, 2024 and on each anniversary date afterwards, the term of the Agreement will automatically be extended by one year, unless either party provides notice of non-renewal at least 30 days prior to the applicable renewal date or the Agreement is otherwise terminated by either party pursuant to its terms. In addition to extending the term of his employment, the Agreement also made certain other updates to Mr. Ghasemi’s prior employment agreement. On May 18, 2023, the Company issued a press release announcing the extension of Mr. Ghasemi’s employment agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.   Item 9.01 Financial Statements and Exhibits. (d) Exhibits   Exhibit No.    Description 10.1    Amended and Restated Employment Agreement, dated May 17, 2023, between Air Products and Chemicals, Inc. and Seifollah Ghasemi. 99.1    Press Release dated May 18, 2023. 104    Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       Air Products and Chemicals, Inc.     (Registrant) Dated: May 18, 2023     By:   /s/ Sean D. Major       Sean D. Major       Executive Vice President, General Counsel and Secretary
Filing details
Ticker
APD
CIK
2969
Form type
8-K
Filing date
May 18, 2023
Report date
May 17, 2023
Document
d510149d8k.htm
Size
356 KB