Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On May 21, 2020, Air Products and Chemicals, Inc. (the "Company") entered into
an amendment (the "Amendment") to the amended and restated employment agreement,
dated November 14, 2017 (the "Agreement"), with its Chief Executive Officer,
Seifollah Ghasemi. The Amendment extends the term of the Agreement from
September 30, 2022 to September 30, 2025. In addition, pursuant to the Amendment
if Mr. Ghasemi's employment were to terminate after September 30, 2023 without
cause or for good reason, as each term is defined in the Agreement, any cash
severance payment he is entitled to receive would be prorated based on the
number of days remaining from the last day of his employment until September 30,
2025. The Amendment does not otherwise affect the terms of Mr. Ghasemi's
employment with the Company or his compensation.
On May 21, 2020, 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 Amendment to Employment Agreement, dated May 21, 2020, between Air
Products and Chemicals, Inc. and Seifollah Ghasemi.
99.1 Press Release of Air Products and Chemicals, Inc., dated May 21,
2020.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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