Company: NGVT
Filing Date: 2025-03-10
Form Type: PREC14A
Source: 0001308179-25-000061
Chunk: 6

Company: Ingevity Corp
Filing Date: 2025-03-10
Form: PREC14A
Chunk 6
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 corporate strategy, a review which first began in March 2024 and continues to this day as part of the Company’s strategy of focusing on higher margin and higher growth products and its regular assessment on the return of its operations. On November 14, 2024, Vision One filed a Form 13F with the SEC disclosing its holding of 112,521 Ingevity shares, which represented 0.31% of the total outstanding shares of the Company as of October 28, 2024. This was the first 13F filing that reflects Vision One’s position in the Company. On November 26, 2024, without any prior engagement, Courtney Mather and Julio Acero of Vision One sent a letter addressed to the Board via email to Mr. Fisher. The letter stated Vision One’s views regarding the Company’s financial performance, history of acquisitions, and governance. In their letter Vision One demanded that the Company’s Board initiate a strategic review process to explore alternatives for the Performance Chemicals and Advanced Polymer Technologies segments, add a director to its Board who is a stockholder representative and implement certain corporate governance changes. Vision One also requested to promptly speak to the Company regarding its views and requested copies of the forms that a proposed director nominee would be required to furnish in accordance with the Company’s Bylaws if it were to nominate a director for election at the next annual meeting. Neither the Company nor any members of the Board had received any requests for engagement or any other feedback from Vision One prior to the letter. Mr. Fisher confirmed receipt of the letter to Mr. Mather by email on the same day.

| 14 | INGEVITY  |  2025 
 Proxy Statement   |

Background to the Solicitation On December 3, 2024, Mr. Fernandez-Moreno sent a letter addressed to Mr. Mather and Mr. Acero via email from Mr. Fisher, which letter invited them to meet to discuss their letter and their perspectives on Ingevity and its corporate strategy with Mr. Fernandez-Moreno and Ms. Blackwell, with the goal of developing a constructive dialogue focused on maximizing stockholder value. On December 6, 2024, Mr. Fisher provided Mr. Mather a copy of the requested questionnaire that is required to be submitted by all director candidates in connection with their nomination and directed Mr. Mather to the advance notice provisions contained within the Company’s Bylaws for additional requirements for Board nominations. On December 12, 2024, Mr