UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
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 November 23, 2025, Lisa A. Davis notified Air Products and Chemicals, Inc. (the “Company”) that, for personal reasons, she had decided to not stand for re-election to the Company’s Board of Directors (the “Board”) at the 2026 Annual Meeting of Shareholders (the “Annual Meeting”) and to retire from the Board at the conclusion of the Annual Meeting. There are no disagreements between the Company and Ms. Davis with respect to any matter relating to the Company’s operations, policies or practices that resulted in Ms. Davis’ decision to not stand for re-election and to retire from the Board at the conclusion of the Annual Meeting. Ms. Davis has served as a director since 2020.
Item 8.01. Other Events.
On November 25, 2025, the Company issued a press release regarding Ms. Davis’ decision to not stand for re-election to the Board at the Annual Meeting and to retire from the Board at the conclusion of the Annual Meeting. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. |
Description | |
| 99.1 | Press Release dated November 25, 2025. | |
| 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) | ||||||
| Date: November 25, 2025 | ||||||
| By: | /s/ Melissa N. Schaeffer | |||||
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Melissa N. Schaeffer | |||||
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Executive Vice President and Chief Financial Officer | |||||
Exhibit 99.1
| News Release |
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Air Products and Chemicals, Inc.
1940 Air Products Boulevard, Allentown, PA 18106-5500
www.airproducts.com
Air Products Director Lisa Davis Elects to Not Stand for Re-election
at the Company’s January 2026 Annual Meeting of Shareholders
LEHIGH VALLEY, Pa. (November 25, 2025) – Air Products (NYSE:APD) today announced that Lisa A. Davis has decided to not stand for re-election at the Company’s 2026 Annual Meeting of Shareholders on January 28, 2026 and to retire from the board following the conclusion of the Annual Meeting.
Ms. Davis’ decision follows nearly six years of dedicated service on Air Products’ board, where she has continued to apply her public board experience and more than 35 years of industry experience leading large, international businesses in the energy and manufacturing sectors.
Ms. Davis will continue to serve as Chair of the Management Development and Compensation Committee and as a member of the Corporate Governance and Nominating Committee of Air Products’ board until the Company’s Annual Meeting of Shareholders on January 28, 2026.
Commenting on Ms. Davis’ contributions, Air Products Board of Directors Chairman Wayne T. Smith said, “Lisa is a thoughtful, highly-engaged director, and since her election to the Air Products board in March 2020, we have benefited from her global perspective, strategic insights, and industry experience, which will continue for the next few months. As a collective board, we remain fully committed to providing strong oversight and governance focused on advancing the Company’s long-term value and success.”
About Air Products
Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.
Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.
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Media Inquiries:
Katie McDonald, tel: (610) 481-3673; email: mcdonace@airproducts.com.
Investor Inquiries:
Megan Britt, tel: (610) 481-0590; email: brittm@airproducts.com.