Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 9

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 9
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 Fernandez-Moreno said, “Ingevity’s management team and Board are committed to taking aggressive action to deliver more shareholder value” and that “we are continuing to evaluate the rest of the Ingevity portfolio.” Without any further substantive engagement by Vision One since the December 12, 2024 conversations, on January 21, 2025, Vision One delivered to Mr. Fisher its formal notice (the “Nomination Notice”), informing Ingevity for the first time of its intent to nominate Mr. Acero and Mr. Mather, two fund principals, and Dr. Merri J. Sanchez and Mr. F. David Segal (the “Vision One Nominees”) for election to our Board at the 2025 annual meeting of stockholders and providing completed questionnaires for each nominee. The Nomination Notice also indicated that, as of the date of the notice, Vision One was the beneficial owner of 1.15% of the Company’s shares. Mr. Fisher confirmed receipt of the letter to Mr. Mather by email on the same day. In the days that followed, members of the Board, led by Bruce Hoechner, the independent Chair of the N&G Committee, and members of Ingevity’s senior management, discussed, as part of the Company’s established process, the Nomination Notice and the biographical information on the Vision One Nominees contained therein and performed due diligence on their disclosed affiliations and experience. On January 27, 2025, Mr. Fisher contacted Mr. Mather by email to start the process of setting up interviews for each Vision One Nominee with the N&G Committee. On February 6 and 7, 2025, the N&G Committee interviewed each Vision One Nominee by videoconference separately, with a focus on understanding the background, skills and experiences that they could bring to the Board. Following the interviews, the members of the N&G Committee discussed each Vision One Nominee and what the N&G Committee learned about such nominee during the call, while taking into account the existing Board composition, the skills matrix for the Vision One Nominees as compared to the current Board, and the current and future strategic needs of the Company.

| INGEVITY  |  2025 
 Proxy Statement   | 15 |

Background to the Solicitation On February 10, 2025, as part of its ordinary course process to consider and nominate director candidates for election to the Board at the next