Air Products has filed its definitive proxy statement and WHITE proxy card for the upcoming 2025 Annual Meeting, emphasizing the importance of shareholders voting for its nominees. The company highlights its standing as the most profitable industrial gas business globally, focusing on core industrial gas business growth and investments in the clean hydrogen market. With a successful track record and plans for dividend growth, Air Products aims to enhance shareholder value. The Board discusses ongoing efforts in prudent capital allocation, de-risking the hydrogen business, and the upcoming CEO succession. However, challenges arise from Mantle Ridge's attempts to gain control, which the company views as potentially harmful. Air Products urges shareholders to support its nominees to maintain the company's positive momentum and long-term value creation.