Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 10

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 10
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 annual meeting of stockholders, the N&G Committee met to carefully review the experience, skills matrix, qualifications and other attributes of its incumbent directors, the Vision One Nominees and the profiles of other potential director candidates that had been previously identified to the N&G Committee or recently identified by the Company’s advisors. The goal of this process was to cultivate a complementary mix of individuals with diverse professional backgrounds, expertise in and familiarity with the industry, a track record of accomplishment and engagement, knowledge and skills reflecting the broad set of opportunities and dynamics that the Board and management would continue to navigate as part of the Company’s initiatives to enhance stockholder value and manage risks. Following its consideration of all candidates for nomination, the N&G Committee concluded not to recommend the candidacy of any of the Vision One Nominees to the Board because, among other reasons, it determined that each of Vision One’s Nominees lacked experience in the specialty chemicals sector, public company executive experience, capital allocation expertise and portfolio management expertise and would not meaningfully improve the mix of operational, portfolio management or capital allocation expertise that was already present on the Board, skills which the N&G Committee believed to be priorities given the Company’s ongoing evaluation of operational improvements and portfolio review. The N&G Committee ultimately concluded that the current Board, which includes the three independent directors that were added in the past three years, was best positioned to advance the Company’s strategic plan and recommended to the Board that the Board nominate and recommend to its stockholders that they vote for all the incumbent directors: Jean S. Blackwell, Luis Fernandez-Moreno, Diane H. Gulyas, Bruce D. Hoechner, Frederick J. Lynch, Karen G. Narwold, Daniel F. Sansone, Kevin Willis and Benjamin G. (Shon) Wright. During that same meeting, the N&G Committee also discussed its willingness, in the interest of seeking a constructive resolution with Vision One, to consider appointing to the Board a new, mutually agreeable candidate with Vision One whose profile, skillset and expertise would be better positioned to help the Company achieve its goals, such as, without limitation, any of the other viable candidates that the N&G Committee had previously identified in its candidate searches, which list it consistently refreshed with its advisors. On February 10, 2025, at its regularly scheduled meeting, the Board approved the recommendations of the N&G Committee regarding nominees to the Board, including proposing to Vision One that they collaborate with the Board in appointing