Ppg Industries Inc DEFA14A, filed Mar 23, 2023
Ppg Industries Inc (PPG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant ☒ | ||
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Filed by a Party other than the Registrant ☐ | ||
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Check the appropriate box: | ||
☐ | Preliminary Proxy Statement | |
☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | |
☐ | Definitive Proxy Statement | |
☒ | Definitive Additional Materials | |
☐ | Soliciting Material under §240.14a-12 | |
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PPG Industries, Inc. | ||
(Name of Registrant as Specified In Its Charter) | ||
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant) | ||
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Payment of Filing Fee (Check the appropriate box): | ||
☒ | No fee required | |
☐ | Fee paid previously with preliminary materials | |
☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 | |
On March 23, 2023, PPG Industries, Inc. posted the following communication on its corporate intranet website:
Employee shareholders encouraged to vote
Employees who were PPG shareholders on February 17, 2023 should receive a notice (by mail or e-mail) providing detailed voting instructions and the manner for accessing the proxy materials for the 2023 Annual Meeting.
As indicated in the proxy materials, PPG’s Board of Directors recommends that shareholders vote as follows:
| ● | Proposal 1: FOR the election of five directors (Stephen F. Angel, Hugh Grant, Melanie L. Healey, Timothy M. Knavish and Guillermo Novo) to serve in a class whose term expires in 2025; |
| ● | Proposal 2: FOR the approval of the compensation of PPG’s named executive officers on an advisory basis; |
| ● | Proposal 3: EVERY YEAR on the frequency of future advisory votes on executive compensation on an advisory basis; |
| ● | Proposal 4: FOR the ratification of PricewaterhouseCoopers LLP as PPG’s independent registered public accounting firm for 2023; and |
| ● | Proposal 5: AGAINST a shareholder proposal to adopt a policy requiring an independent board chair, if properly presented. |
“Shareholders have a valuable opportunity to vote on these important proposals,” said Joe Gette, vice president, deputy general counsel and secretary. “We encourage all shareholders to read the proxy materials and to exercise their right to vote.”
Please submit your vote as soon as possible in advance of PPG’s 2023 Annual Meeting, which will be held on April 20.
This year’s Annual Meeting will be held in a virtual format through a live webcast at https://www.cesonlineservices.com/ppg23_vm.
For more information about how to register to attend the virtual Annual Meeting, visit the PPG Investor Center at https://investor.ppg.com/ where you can access PPG’s 2023 proxy statement and 2022 annual report.