0001654954-21-011321.txt : 20211025 0001654954-21-011321.hdr.sgml : 20211025 20211025130530 ACCESSION NUMBER: 0001654954-21-011321 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20211025 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20211025 DATE AS OF CHANGE: 20211025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LINDE PLC CENTRAL INDEX KEY: 0001707925 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38730 FILM NUMBER: 211343239 BUSINESS ADDRESS: STREET 1: THE PRIESTLEY CENTRE, 10 PRIESTLEY RD CITY: GUILDFORD STATE: X0 ZIP: GU27XY BUSINESS PHONE: 00441483242200 MAIL ADDRESS: STREET 1: THE PRIESTLEY CENTRE, 10 PRIESTLEY RD CITY: GUILDFORD STATE: X0 ZIP: GU27XY FORMER COMPANY: FORMER CONFORMED NAME: ZAMALIGHT PLC DATE OF NAME CHANGE: 20170622 FORMER COMPANY: FORMER CONFORMED NAME: PRAXAIR DATE OF NAME CHANGE: 20170614 FORMER COMPANY: FORMER CONFORMED NAME: ZAMALIGHT PLC DATE OF NAME CHANGE: 20170530 8-K 1 lin_8k.htm PRIMARY DOCUMENT lin_8k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

DATE OF REPORT (Date of earliest event reported): October 25, 2021

 

Linde plc

(Exact name of registrant as specified in its charter)

 

Ireland

 

001-38730

 

98-1448883

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

10 Riverview Dr.

Danbury, Connecticut

United States 06810

 

The Priestley Centre

10 Priestley Road

Surrey Research Park

Guildford, Surrey GU2 7XY

United Kingdom

 

_____________________________________

(Address of principal executive offices) (Zip Code)

 

+44 1483 242200

(Registrant’s telephone numbers, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading symbol(s)

 

Name of each exchange on which registered

Ordinary shares (€0.001 nominal value per share)

 

LIN

 

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

  

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(b),(c), (d)

 

Appointment of New Chief Executive Officer

 

On October 25, 2021, the Board of Directors of Linde plc (the “Company”) appointed Sanjiv Lamba to succeed Stephen F. Angel as the Company’s Chief Executive Officer, and elected Mr. Lamba to the Board of directors, each effective March 1, 2022.

 

Mr. Lamba, age 57, was named Linde’s Chief Operating Officer in October 2020. Throughout his more than 30-year tenure with Linde, he served in various leadership roles including Executive Vice President APAC, Head of Regional Business units (South & South East Asia) and Managing Director India.

 

Appointment of New Chairman of the Board and Director Retirements

 

On October 25, 2021, the Board of Directors also appointed Stephen F. Angel as the Chairman of the Board Effective March 1, 2022 upon his retirement as the Company’s CEO and to succeed Wolfgang Reitzle who will retire from the Board in accordance with the Board’s Tenure and Resignation Policy. In addition to Mr. Reitzle, the following other members of the Company’s Board of Directors will retire effective March 1, 2022 in accordance with this Policy: Prof. Dr. Clemens Börsig, Dr. Nance K. Dicciani, Mr. Franz Fehrenbach and Mr. Larry McVay.

 

Election of New Directors

 

On October 25, 2021, the Board of Directors also elected Alberto Weisser and Josef Kaeser as new members of the Board of Directors effective November 1, 2021. Mr. Weisser will serve on the Audit Committee and the newly created Sustainability Committee, and Mr. Kaeser will serve on the Nomination and Governance Committee and the Human Capital Committee. Messrs. Weisser and Kaeser will be entitled to participate in the Linde non-management director compensation program described under the caption “Director Compensation: Director Compensation Program” in the Company’s 2021 proxy statement dated April 29, 2021.

 

ITEM 8.01 Other Events

 

Enhanced Board Oversight of ESG Matters

 

On October 25, 2021, the Board of Directors of the Company also approved the following matters related to its committees to enhance the Board’s oversight of environmental, social and governance matters effective November 1, 2021:

 

A new Sustainability Committee has been created that will be responsible for Board oversight of the Company’s strategy and policies related to climate change, including greenhouse gas reduction goals and decarbonization solutions, such as clean hydrogen and carbon capture.

 

The Compensation Committee has been renamed as the “Human Capital Committee”, reflecting that committee’s enhanced oversight of policies, practices and goals related to the Company’s workforce generally, including diversity and inclusion, safety and community engagement.

 

ITEM 9.01. Financial Statements and Exhibits.

 

(d) Exhibits. The following exhibits are furnished herewith and shall not be deemed as filed pursuant to the Securities Exchange Act of 1934, as amended.

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated October 25, 2021 regarding CEO and Chairman Succession

 

 

 

99.2

 

Press Release dated October 25, 2021 regarding election of new directors and Board committee changes

 

 

 

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

2

 

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

LINDE PLC

 

 

 

Date: October 25, 2021

By:

/s/ Guillermo Bichara

 

 

Name:

Guillermo Bichara

 

Title:

General Counsel

 

 

3

 

EX-99.1 2 lin_ex991.htm ADDITIONAL EXHIBITS lin_ex991.htm

EXHIBIT 99.1

 

 

Press release

 

 

 

Linde Announces CEO and Chairman Succession

 

Guildford, UK, October 25, 2021 – Linde (NYSE: LIN; FWB: LIN) today announced its Board of Directors has appointed Sanjiv Lamba to succeed Steve Angel as Chief Executive Officer and Steve Angel to succeed Wolfgang Reitzle as Chairman, effective March 1, 2022.

 

Lamba was named Linde’s Chief Operating Officer in October 2020. Throughout his more than 30-year tenure with Linde, he served in various leadership roles including Executive Vice President APAC, Head of Regional Business units (South & South East Asia) and Managing Director India. In addition to his appointment as CEO, Lamba will join Linde’s Board of Directors, effective March 1, 2022.

 

“I am truly honored to lead this outstanding company into the future,” said Lamba. “Linde is exceptionally well-positioned to capitalize on profitable growth opportunities in several end markets, including electronics, healthcare and clean energy. I look forward to working with the talented Linde team to continue driving our high-performance culture and create sustainable value for Linde shareholders.”

 

Angel was named Chief Executive Officer of Linde plc in 2018, having successfully led the merger of Linde AG and Praxair into the world’s largest global industrial gases and engineering company. Under his leadership, the company implemented a culture of operational excellence and capital discipline which, when combined with industry leading growth, generated 100% Total Shareholder Return over the last three years. Prior to his role as Linde CEO, Angel served as Chairman, President and CEO of Praxair, Inc. since 2007.

 

“It has been a privilege to lead Linde to become the best performing industrial gases and engineering company in the world,” said Angel. “As Chairman, I look forward to working with Sanjiv as we further strengthen Linde’s reputation for excellence. I’m confident that under Sanjiv’s leadership, Linde will maintain our high-performance culture, aggressively implement our new sustainability goals and leverage the many growth opportunities we have in front of us to create significant shareholder value.” Angel continued, “I want to thank Wolfgang for his partnership in enabling our highly successful merger and his leadership as Chairman of the Board of Directors.”

 

Reitzle retires from Linde after nearly 20 years with the company, during which he served as President and CEO of Linde AG and Chairman of the Supervisory Board of Linde AG.

 

“It was an honor to work with Linde’s outstanding board members and senior management throughout my tenure as Chairman,” said Reitzle. “I’m pleased to know Steve will now lead the Board of Directors and Sanjiv will be at the helm of the company. Linde could not be in better hands.”

 

About Linde
Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

 

 

 

  

 

Press release

 

 

 

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

 

For more information about the company and its products and services, please visit www.linde.com.

 

Contacts:

 

 

 

Investor Relations              

Juan Pelaez

Phone: +1 203 837 2213

Email: juan.pelaez@linde.com

Media Relations

Anna Davies

Phone: +44 1483 244705

Email: anna.davies@linde.com

 

 

 

EX-99.2 3 lin_ex992.htm ADDITIONAL EXHIBITS lin_ex992.htm

EXHIBIT 99.2

 

 

 

Press release 

 

 

Linde Board Elects Two New Directors and Adds Sustainability Committee

 

Guildford, UK, October 25, 2021 – Linde plc (NYSE: LIN; FWB: LIN) announced today that its Board of Directors has elected Joe Kaeser and Alberto Weisser as new directors of Linde plc, effective November 1, 2021. Kaeser will serve on the Nomination and Governance and the Human Capital Committees, and Weisser will serve on the Audit and the Sustainability Committees.

 

Kaeser and Weisser are highly regarded senior executives who bring a wealth of global experience to the Linde plc Board of Directors. Kaeser served as Chief Financial Officer of Siemens AG from 2006 until 2013 and then as Chief Executive Officer of Siemens AG until his retirement in 2021. He currently chairs the supervisory board of Siemens Energy AG, is Vice Chairman of the board of NXP Semiconductors and a member of the supervisory board of Daimler Truck AG. Weisser served as Chief Financial Officer of Bunge International from 1993 until 1998 and as Chairman and Chief Executive Officer of Bunge from 1999 until 2013. He currently serves on the boards of Pepsico and Bayer AG.

 

“Linde will benefit from Joe’s and Alberto’s breadth and depth of experience,” said Wolfgang Reitzle, Chairman of Linde plc. “I am confident their contributions will strengthen our Board and benefit all our stakeholders.”

 

The Board of Directors has also added a Sustainability Committee. The committee will be responsible for board oversight of Linde’s strategy and policies related to climate change, including greenhouse gas reduction goals and decarbonization solutions, such as clean hydrogen and carbon capture.

 

The Board has also renamed the Compensation Committee as the Human Capital Committee, reflecting that committee’s enhanced oversight of policies, practices and goals related to Linde’s workforce generally, including diversity and inclusion, safety and community engagement.

 

About Linde
Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

 

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

 

 

 

  

 

 

Press release 

 

 

For more information about the company and its products and services, please visit www.linde.com.

 

Contacts:

 

 

 

Investor Relations              

Juan Pelaez

Phone: +1 203 837 2213

Email: juan.pelaez@linde.com

Media Relations

Anna Davies

Phone: +44 1483 244705

Email: anna.davies@linde.com

 

 

 

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Cover
Oct. 25, 2021
Document Information Line Items  
Entity Registrant Name Linde plc
Entity Central Index Key 0001707925
Document Type 8-K
Amendment Flag false
Entity Emerging Growth Company false
Document Period End Date Oct. 25, 2021
Entity Incorporation State Country Code L2
Entity File Number 001-38730
Entity Tax Identification Number 98-1448883
Entity Address Address Line 1 The Priestley Centre
Entity Address City Or Town Guildford
Entity Address Address Line 2 10 Priestley Road
Entity Address Address Line 3 Surrey Research Park
City Area Code 1483
Local Phone Number 242200
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Ordinary shares (€0.001 nominal value per share)
Trading Symbol LIN
Security Exchange Name NYSE
Entity Address Postal Zip Code GU2 7XY
Entity Address Country GB
Entity Address Region Surrey
Country Region 44
UNITED STATES [Member]  
Document Information Line Items  
Entity Address Address Line 1 10 Riverview Dr.
Entity Address City Or Town Danbury
Entity Address State Or Province CT
Entity Address Postal Zip Code 06810
Entity Address Country US
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