Company: NGVT
Filing Date: 2025-03-10
Form Type: PREC14A
Source: 0001308179-25-000061
Chunk: 8

Company: Ingevity Corp
Filing Date: 2025-03-10
Form: PREC14A
Chunk 8
---
ination 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. 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 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