UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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CURRENT REPORT
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 18, 2022, Russell A. Flugel, the Senior Vice President, Corporate Controller and Principal Accounting Officer of Air Products and Chemicals, Inc. (the “Company”), informed the Company that he was resigning, effective as of May 6, 2022, in order to pursue other opportunities.
Jeffrey Kutz will succeed Mr. Flugel as the Company’s Vice President, Corporate Controller and Principal Accounting Officer, effective upon the effective date of Mr. Flugel’s resignation. Mr. Kutz, age 62, joined the Company in 2012 and currently serves as Executive Director, Accounting Policy, Reporting and Consolidation, with responsibility for global accounting policies, financial statement preparation, implementation of new and emerging accounting guidance and accounting for the Company’s acquisitions, divestitures and megaprojects. Prior to joining the Company, Mr. Kutz oversaw the accounting for complex transactions at Exelon Generation and before that he was a Director at Chatham Financial. Neither Mr. Kutz nor any of his immediate family members is a party, either directly or indirectly, to any transaction that would be required to be reported under Item 404(a) of Regulation S-K, nor is Mr. Kutz a party to any arrangement or understanding under which he was selected to serve as an officer.
Mr. Kutz will receive salary, bonus and equity awards at levels that are consistent with his seniority and position. He also will continue to receive health, welfare and retirement benefits at levels that are generally available to salaried employees.
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) | ||||||
Date: 19 April 2022 | By: | /s/ Sean D. Major | ||||
Sean D. Major | ||||||
Executive Vice President, General Counsel and Secretary |