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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AgroFresh Solutions Inc | NASDAQ:AGFS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.00 | 2.75 | 3.00 | 0 | 01:00:00 |
Name
|
| |
Age
|
| |
Position
|
| |||
Jordi Ferre | | | | | 55 | | | | Chief Executive Officer | |
Graham Miao | | | | | 56 | | | | Executive Vice President and Chief Financial Officer | |
Thomas Ermi | | | | | 55 | | | |
Executive Vice President, Secretary and General Counsel
|
|
Name
|
| |
Audit
Committee |
| |
Compensation
Committee |
| |
Corporate Governance and
Nominating Committee |
| |||||||||
Robert J. Campbell | | | | | X* | | | | | | | | | | | | X | | |
Denise L. Devine | | | | | X | | | | | | X* | | | | | | | | |
Nance K. Dicciani | | | | | | | | | | | X | | | | | | | | |
Gregory M. Freiwald | | | | | | | | | | | X | | | | | | X | | |
Torsten Kraef | | | | | | | | | | | | | | | | | X* | | |
Macauley Whiting, Jr. | | | | | X | | | | | | X | | | | | | | | |
Jordi Ferre | | | | | | | | | | | | | | | | | | | |
George Lobisser | | | | | X | | | | | | | | | | | | X | | |
| | |
2018
|
| |
2019
|
| ||||||
Audit Fees(1)
|
| | | $ | 1,105,000 | | | | | $ | 1,072,152 | | |
Audit-Related Fees(2)
|
| | | $ | 0 | | | | | $ | 50,000 | | |
Tax Fees
|
| | | $ | 0 | | | | | $ | 0 | | |
All Other Fees
|
| | | $ | 0 | | | | | $ | 0 | | |
Total
|
| | | $ | 1,105,000 | | | | | $ | 1,122,152 | | |
|
What We Do
|
| |
What We Don’t Do
|
| ||||||
| ✓ | | | Provide the majority of compensation in performance-based pay | | | x | | | Excise tax gross-ups on a change in control | |
| ✓ | | | Maintain stock ownership guidelines for directors and executives | | | x | | | Liberal change in control definition, or excessive severance in a change in control or termination | |
| ✓ | | | Cap incentive plan at 2x target for bonus and 1.5x for LTI, with no payouts below threshold | | | x | | | Excessive perquisites | |
| ✓ | | | Maintain a clawback policy | | | x | | | Hedging transactions or pledging securities | |
| ✓ | | | Have change in control employment agreements with double-trigger severance provisions | | | x | | | Liberal share counting | |
| ✓ | | | Adhere to an insider trading policy | | | x | | | Discounted stock options or SARs | |
| ✓ | | | Use an independent compensation consultant engaged by and reporting directly to the Compensation Committee | | | x | | | Stock option repricing, reloads, or cash buyouts | |
| ✓ | | | Reflect multi-dimensional performance using earnings, sales, non-financial and market performance with a mix of relative and absolute goals | | | x | | | Automatic vesting of equity upon a change in control | |
Name and Principal Positions
|
| |
Year
|
| |
Salary
|
| |
Bonus
|
| |
Stock
Awards(1) |
| |
Option
Awards(1) |
| |
Non-Equity
Incentive Plan Compensation |
| |
All Other
Compensation(2) |
| |
Total
|
| ||||||||||||||||||||||||
Jordi Ferre
Chief Executive Officer |
| | | | 2019 | | | | | $ | 573,469 | | | | | | — | | | | | $ | 859,259 | | | | | $ | 237,704 | | | | | $ | 478,333 | | | | | $ | 15,400 | | | | | $ | 2,164,164 | | |
| | | 2018 | | | | | $ | 555,923 | | | | | | — | | | | | $ | 795,284 | | | | | $ | 192,576 | | | | | $ | 451,920 | | | | | $ | 29,904 | | | | | $ | 2,025,607 | | | ||
Graham Miao
Exec. V.P. and Chief Financial Officer(3) |
| | | | 2019 | | | | | $ | 460,696 | | | | | | — | | | | | $ | 517,760 | | | | | $ | 143,190 | | | | | $ | 295,866 | | | | | $ | 15,400 | | | | | $ | 1,433,632 | | |
| | | 2018 | | | | | $ | 133,269 | | | | | $ | 90,000(4) | | | | | $ | 399,998 | | | | | $ | 210,400 | | | | | $ | 93,819 | | | | | $ | 38,656 | | | | | $ | 966,142 | | | ||
Thomas Ermi
Executive Vice President and General Counsel |
| | | | 2019 | | | | | $ | 348,597 | | | | | | — | | | | | $ | 158,240 | | | | | $ | 43,774 | | | | | $ | 161,426 | | | | | $ | 17,236 | | | | | $ | 729,273 | | |
| | | 2018 | | | | | $ | 325,872 | | | | | | — | | | | | $ | 130,417 | | | | | $ | 31,150 | | | | | $ | 109,230 | | | | | $ | 29,151 | | | | | $ | 625,820 | | |
|
|
| |
|
|
Company
|
| |
2018
Revenue ($M) |
| |
GICS Sub-Industry
|
| |||
Innophos Holdings, Inc.
|
| | | $ | 802 | | | | Specialty Chemicals | |
OMNOVA Solutions Inc.
|
| | | $ | 770 | | | | Specialty Chemicals | |
Cambrex Corporation
|
| | | $ | 531 | | | | Life Sciences Tools and Services | |
Hawkins, Inc.
|
| | | $ | 504 | | | | Commodity Chemicals | |
American Vanguard Corporation
|
| | | $ | 454 | | | |
Fertilizers and Agricultural Chemicals
|
|
CVR Partners, LP
|
| | | $ | 351 | | | |
Fertilizers and Agricultural Chemicals
|
|
LSB Industries, Inc.
|
| | | $ | 378 | | | | Diversified Chemicals | |
Oil-Dri Corporation of America
|
| | | $ | 266 | | | | Household Products | |
Chase Corporation
|
| | | $ | 284 | | | | Specialty Chemicals | |
Trecora Resources
|
| | | $ | 288 | | | | Commodity Chemicals | |
FutureFuel Corp.
|
| | | $ | 291 | | | | Specialty Chemicals | |
Intrepid Potash, Inc.
|
| | | $ | 162 | | | |
Fertilizers and Agricultural Chemicals
|
|
Limoneira Company
|
| | | $ | 129 | | | | Agricultural Products | |
Amyris, Inc.
|
| | | $ | 64 | | | | Specialty Chemicals | |
Alico, Inc.
|
| | | $ | 81 | | | | Agricultural Products | |
Element
|
| |
2019 Design/Context
|
| |
Objectives
|
|
Base Salary | | |
•
Base pay changes ranged from 3% to 8% for named executive officers for 2019
|
| |
•
Manage fixed costs
•
Attract a strong, experienced talent pool
•
Provide a necessary element of financial stability to executives’ total compensation packages
•
Recognize individual performance, market value of the position and the incumbent’s tenure, experience, responsibilities and overall contribution
•
Targeted at competitive levels (range of +/- 10% around the 50th percentile) of market
|
|
Bonus | | |
•
Adjusted EBITDA: 40%
•
Sales of SmartFresh in Apples: 25%
•
Diversification Sales Growth: 25%
•
Non-Financial: 10% based EH&S, value realization from M&A/strategic partnerships, and working capital
|
| |
•
Focus executives on key annual business objectives
•
Recognize individual contribution to annual results
•
Attract, retain, motivate and reward key talent
•
Introduce a reliable, transparent approach for all Plan participants
•
Align the financial interests of senior management with AgroFresh’s shareholders
|
|
Element
|
| |
2019 Design/Context
|
| |
Objectives
|
|
| | | | | |
•
Offer a competitive (range of +/- 15% around the 50th percentile of our peer group for short-term incentive opportunity such that target total cash compensation is highly competitive when supported by strong performance
|
|
LTI | | |
•
50% performance-based equity (3-year performance period with assessment for relative total shareholder return versus compensation peer group)
•
30% restricted stock (3-year pro-rata vesting)
•
20% stock options (3-year pro-rata vesting)
|
| |
•
Reflect shareholder value creation over a sustained period
•
Align the financial interests of executives with shareholders
•
Recognize current performance through the LTI target awards, and the expectation of future contributions through the growth of those awards’ value
•
Provide meaningful awards to support and encourage share ownership
•
Retain key employees
•
LTI guidelines will be articulated at range of +/ 25% around 50th percentile of market; higher/lower individual awards may be based on performance, potential, retention needs and dilution constraints
|
|
Company’s TSR Percentile Rank
|
| |
Vesting Percentage of
Target No. of Shares |
|
Below 25th Percentile | | |
0%
|
|
25th Percentile | | |
50% (threshold)
|
|
50th Percentile | | |
100% (target)
|
|
75th Percentile | | |
150% (maximum)
|
|
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options – Exercisable |
| |
Number of
Securities Underlying Unexercised Options – Unexercisable |
| |
Option
Exercise Price |
| |
Option
Expiration Date |
| |
Number of
shares that have not vested |
| |
Market value
of shares, units or other rights that have not vested(1) |
| |
Equity
incentive plan awards: Number of unearned shares that have not vested(2) |
| |
Equity
incentive plan awards: Market or payout value of unearned shares that have not vested(1) |
| ||||||||||||||||||||||||
Jordi Ferre
|
| | | | 93,110 | | | | | | —(3) | | | | | $ | 5.37 | | | | | | 10/3/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 51,100 | | | | | | 25,550(4) | | | | | $ | 4.37 | | | | | | 3/31/2027 | | | | | | 19,167(5) | | | | | $ | 49,451 | | | | | | 59,396 | | | | | $ | 153,242 | | | ||
| | | 18,133 | | | | | | 36,267(6) | | | | | $ | 7.35 | | | | | | 3/29/2028 | | | | | | 27,200(7) | | | | | $ | 70,176 | | | | | | 68,050 | | | | | $ | 175,569 | | | ||
| | | — | | | | | | 138,200(8) | | | | | $ | 3.34 | | | | | | 3/29/2029 | | | | | | 103,650(9) | | | | | $ | 267,417 | | | | | | 172,750 | | | | | $ | 445,695 | | | ||
Graham Miao
|
| | | | 19,812 | | | | | | 39,623(10) | | | | | $ | 6.73 | | | | | | 8/30/2028 | | | | | | 39,623(11) | | | | | $ | 102,227 | | | | | | — | | | | | | — | | |
| | | — | | | | | | 83,250(12) | | | | | $ | 3.34 | | | | | | 3/29/2029 | | | | | | 62,450(13) | | | | | $ | 161,121 | | | | | | 104,100 | | | | | $ | 268,578 | | | ||
Thomas Ermi
|
| | | | 82,500 | | | | | | —(14) | | | | | $ | 12.00 | | | | | | 8/13/2025 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 8,767 | | | | | | 4,383(15) | | | | | $ | 4.37 | | | | | | 3/31/2027 | | | | | | 3,283(16) | | | | | $ | 8,470 | | | | | | 10,168 | | | | | | 26,233 | | | ||
| | | 2,967 | | | | | | 5,933(17) | | | | | $ | 7.35 | | | | | | 3/29/2028 | | | | | | 4,467(18) | | | | | $ | 11,525 | | | | | | — | | | | | | — | | | ||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,000(19) | | | | | $ | 25,800 | | | | | | 11,150 | | | | | $ | 28,767 | | | ||
| | | — | | | | | | 25,450(20) | | | | | $ | 3.34 | | | | | | 3/29/2029 | | | | | | 19,100(21) | | | | | $ | 49,278 | | | | | | 31,800 | | | | | $ | 82,044 | | |
Position
|
| |
Base Salary
Multiple Requirement |
| |||
Chief Executive Officer
|
| | | | 5x | | |
Chief Financial Officer
|
| | | | 3x | | |
All other executive officers
|
| | | | 2x | | |
Name
|
| |
Fees Earned or
Paid in Cash |
| |
Stock
Awards(1)(2) |
| |
Total
|
| |||||||||
Robert J. Campbell
|
| | | $ | 70,000 | | | | | $ | 75,000 | | | | | $ | 145,000 | | |
Denise L. Devine
|
| | | $ | 60,000 | | | | | $ | 75,000 | | | | | $ | 135,000 | | |
Nance K. Dicciani
|
| | | $ | 100,000 | | | | | $ | 100,000 | | | | | $ | 200,000 | | |
Gregory M. Freiwald
|
| | | $ | 67,500 | | | | | $ | 75,000 | | | | | $ | 142,500 | | |
George Lobisser
|
| | | $ | 60,000 | | | | | $ | 75,000 | | | | | $ | 135,000 | | |
Macauley Whiting, Jr.
|
| | | $ | 60,000 | | | | | $ | 75,000 | | | | | $ | 135,000 | | |
Plan Category
|
| |
No. of Securities to be
Issued Upon Exercise of Outstanding Options |
| |
Weighted Average
Exercise Price per Share of Outstanding Options |
| |
No. of Securities
Remaining Available for Future Issuance Under the 2015 Plan |
| |||||||||
Equity compensation plan approved by security holders
|
| | | | 403,831 | | | | | $ | 8.66 | | | | | | 3,974,757 | | |
Name of Beneficial Owner
|
| |
Number of
Shares Beneficially Owned |
| |
Approximate
Percentage of Outstanding Shares |
| ||||||
Dow Inc.(1)
|
| | | | 24,001,151 | | | | | | 43.6% | | |
T. Rowe Price Associates, Inc.(2)
|
| | | | 8,341,318 | | | | | | 16.0% | | |
Highbridge Capital Management, LLC(3)
|
| | | | 3,425,000 | | | | | | 6.2% | | |
First Manhattan Co(4)
|
| | | | 3,065,437 | | | | | | 5.9% | | |
Nance K. Dicciani(5)
|
| | | | 189,561 | | | | | | * | | |
Robert J. Campbell(6)
|
| | | | 111,867 | | | | | | * | | |
Denise L. Devine
|
| | | | 43,842 | | | | | | * | | |
Gregory M. Freiwald
|
| | | | 157,492 | | | | | | * | | |
Torsten Kraef
|
| | | | 5,000 | | | | | | * | | |
George Lobisser
|
| | | | 89,794 | | | | | | * | | |
Macauley Whiting, Jr.
|
| | | | 93,492 | | | | | | * | | |
Jordi Ferre(7)
|
| | | | 337,925 | | | | | | * | | |
Thomas Ermi(8)
|
| | | | 121,111 | | | | | | * | | |
Graham Miao(9)
|
| | | | 59,662 | | | | | | * | | |
Kevin Schwartz
|
| | | | — | | | | | | — | | |
Alexander Corbacho
|
| | | | — | | | | | | — | | |
All directors and executive officers as a group (ten individuals)(10)
|
| | | | 1,209,746 | | | | | | 2.3% | | |
| | |
Page
|
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ARTICLE V ADDITIONAL AGREEMENTS | | | | | A-23 | | |
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ARTICLE VIII MISCELLANEOUS | | | | | A-44 | | |
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Term
|
| |
Section
|
|
Action
|
| | 3.07 | |
Additional Investor Director Designee
|
| | 5.13(a) | |
Agreement
|
| | Preamble | |
Announcement
|
| | 5.07 | |
Anti-Corruption Laws
|
| | 3.08(b) | |
Balance Sheet Date
|
| | 3.05(c) | |
Bankruptcy and Equity Exception
|
| | 3.03(a) | |
Capitalization Date
|
| | 3.02(a) | |
Certificates of Designation
|
| | Recitals | |
Closings
|
| | 2.04(c) | |
Company
|
| | Preamble | |
Company Board Recommendation
|
| | 3.03(b) | |
Company Disclosure Letter
|
| | Article III | |
Company Preferred Stock
|
| | 3.02(a) | |
Company SEC Documents
|
| | 3.05(a) | |
Company Securities
|
| | 3.02(b) | |
Company Stockholders’ Meeting
|
| | 5.04(b) | |
Confidential Information
|
| | 5.08 | |
Contract
|
| | 3.03(c) | |
Covered Persons
|
| | 5.13(i) | |
D&O Insurance
|
| | 5.13(h) | |
DOJ
|
| | 5.02(c) | |
Equity Commitment Letter
|
| | Recitals | |
Exchange Closing
|
| | 2.04(c) | |
Excluded Stock
|
| | 5.18(a) | |
Filed SEC Documents
|
| | Article III | |
Financing
|
| | 4.04 | |
First Closing
|
| | 2.02(a) | |
First Closing Date
|
| | 2.02(a) | |
FTC
|
| | 5.02(c) | |
Fundamental Representations
|
| | 6.03(a) | |
HSR Form
|
| | 5.02(b) | |
Initial Investor Director Designee
|
| | 5.13(a) | |
Investor
|
| | Preamble | |
Judgments
|
| | 3.07 | |
Laws
|
| | 3.08(a) | |
Non-Recourse Parties
|
| | 8.13 | |
OFAC
|
| | 3.08(b) | |
Owned Real Property
|
| | 3.19 | |
Participation Portion
|
| | 5.18(b)(ii) | |
Permits
|
| | 3.08(a) | |
Term
|
| |
Section
|
|
Preferred Stock
|
| | Recitals | |
Proposed Securities
|
| | 5.18(b)(i) | |
Proxy Statement
|
| | 5.04(a) | |
PSP Transaction Fee Amount
|
| | 8.11 | |
Purchase Price
|
| | 2.01(a) | |
Real Property
|
| | 3.19 | |
Refinancing Transactions
|
| | 5.15 | |
Restraints
|
| | 6.01(a) | |
Restricted Issuance Information
|
| | 5.18(b)(ii) | |
Restricted Period
|
| | 5.11(a) | |
Sanctions
|
| | 3.08(a) | |
Second Closing
|
| | 2.03(a) | |
Second Closing Date
|
| | 2.03(a) | |
Second Closing Terminated Provisions
|
| | 7.03 | |
Series B Certificate of Designation
|
| | Recitals | |
Series B-2 Certificate of Designation
|
| | Recitals | |
Series B-1 Certificate of Designation
|
| | Recitals | |
Series B Shares
|
| | 2.04(a) | |
Series B-1 Shares
|
| | 2.01(a) | |
Series B-2 Shares
|
| | 2.01(b) | |
Systems
|
| | 3.21 | |
Termination Date
|
| | 7.01(b) | |
Triggering Event
|
| | 5.13(a) | |
Voting Agreement
|
| | Recitals | |
| | | | | | | PSP AGFS HOLDINGS, L.P. | | |||
| | | | | | |
By:
Paine Schwartz Food Chain Fund V GP, L.P.
|
| |||
| | | | | | |
Its:
General Partner
|
| |||
| | | | | | |
By:
Paine Schwartz Food Chain Fund V GP, Ltd.
|
| |||
| | | | | | |
Its:
General Partner
|
| |||
| | | | | | |
By:
/s/ Kevin Schwartz
Name: Kevin Schwartz
Its:
Director
|
| |||
| | | | | | | AGROFRESH SOLUTIONS, INC. | | |||
| | | | | | |
By:
/s/ Jordi Ferre
Name: Jordi Ferre
Title: Chief Executive Officer |
|
| CP' = CP0 x | | |
OS0 + (AC/ CP0)
OS'
|
|
|
By:
Name:
Title: |
| | | |
|
By:
Name:
Title: |
| | | |
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CP' = CP0 x
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OS0 + (AC/ CP0)
OS'
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By:
Name:
Title: |
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| if to the Investor: | | |
c/o Paine Schwartz Partners, LLC
475 Fifth Avenue, 17th Floor New York, NY 10017 Attention: Kevin Schwart
Alexander Corbacho
Renata Malavazzi |
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Email: kschwartz@paineschwartz.com
acorbacho@paineschwartz.com rmalavazzi@paineschwartz.com |
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| with a copy to: | | |
Kirkland & Ellis LLP
300 N LaSalle Chicago, IL 60654 Attention: Corey D. Fox, P.C.
Ross Leff, P.C.
Maggie Flores Peter Stach |
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Email: cfox@kirkland.com
ross.leff@kirkland.com maggie.flores@kirkland.com peter.stach@kirkland.com |
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| if to Stockholder to: | | |
Dow Inc.
2211 H.H. Dow Way Midland, MI 48674 Attention: Jonathan P. Wendt, Director — Office of the Corporate Secretary and Affiliated Companies Email: jonathan.wendt@dow.com |
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| with a copy to: | | |
Shearman & Sterling LLP
599 Lexington Avenue New York, NY 10022-6069 Attention: Richard Alsop Email: richard.alsop@shearman.com |
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Class of Stock
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Shares Owned
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Common Stock
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| | | | 21,001,151 | | |
Warrants
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| | | | 3,000,000 | | |
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Page
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ARTICLE I | | | | | | | |
Resale Shelf Registration
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| | | | | | |
| | | | A-110 | | | |
| | | | A-110 | | | |
| | | | A-110 | | | |
| | | | A-111 | | | |
| | | | A-111 | | | |
| | | | A-111 | | | |
| | | | A-112 | | | |
| | | | A-112 | | | |
ARTICLE II | | | | | | | |
Additional Provisions Regarding Registration Rights
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| | | | | | |
| | | | A-113 | | | |
| | | | A-115 | | | |
| | | | A-116 | | | |
| | | | A-116 | | | |
| | | | A-116 | | | |
| | | | A-117 | | | |
ARTICLE III | | | | | | | |
Indemnification
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| | | | | | |
| | | | A-117 | | | |
| | | | A-118 | | | |
| | | | A-118 | | | |
| | | | A-119 | | | |
| | | | A-119 | | | |
ARTICLE IV | | | | | | | |
Transfer and Termination of Registration Rights | | | | | | | |
| | | | A-119 | | | |
| | | | A-119 | | | |
ARTICLE V | | | | | | | |
Miscellaneous | | | | | | | |
| | | | A-119 | | | |
| | | | A-120 | | | |
| | | | A-120 | | | |
| | | | A-120 | | | |
| | | | A-120 | | | |
| | | | A-120 | | | |
| | | | A-120 | | | |
| | | | A-121 | | | |
| | | | A-121 | | | |
| | | | A-122 | | | |
| | | | A-122 | | | |
| | | | A-122 | | |
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Term
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| |
Section
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| Actions | | | Section 5.6(b) | |
| Agreement | | | Preamble | |
| Company | | | Preamble | |
| Company Indemnified Parties | | | Section 3.1 | |
| Effectiveness Period | | | Section 1.2 | |
| Holder Indemnified Parties | | | Section 3.2 | |
| Indemnified Party | | | Section 3.3 | |
| Indemnifying Party | | | Section 3.3 | |
| Interruption Period | | | Section 2.1(o) | |
| Investment Agreement | | | Recitals | |
| Losses | | | Section 3.1 | |
| Offering Persons | | | Section 2.1(m) | |
| Piggyback Notice | | | Section 1.8(a) | |
| Piggyback Registration Statement | | | Section 1.8(a) | |
| Piggyback Request | | | Section 1.8(a) | |
| Preferred Stock | | | Recitals | |
| Resale Shelf Registration Statement | | | Section 1.1 | |
| Shelf Offering | | | Section 1.7 | |
| Subsequent Holder Notice | | | Section 1.5 | |
| Subsequent Shelf Registration Statement | | | Section 1.3 | |
| Take-Down Notice | | | Section 1.7 | |
| Underwritten Offering | | | Section 1.6(a) | |
| Underwritten Offering Notice | | | Section 1.6(a) | |
| |
THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF THE NOMINEES IN PROPOSALS 1A AND 1B, A VOTE “FOR” EACH OF PROPOSALS 2, 4, 5 and 6, AND A VOTE “EVERY THREE YEARS” FOR PROPOSAL 3.
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FOR
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AGAINST
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ABSTAIN
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Robert Campbell | | |
☐
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☐
|
| |
☐
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Jordi Ferre | | |
☐
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☐
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☐
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Denise L. Devine | | |
☐
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☐
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☐
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Macauley Whiting, Jr. | | |
☐
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☐
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☐
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Nance Dicciani | | |
☐
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☐
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☐
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George Lobisser | | |
☐
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☐
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☐
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FOR
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AGAINST
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ABSTAIN
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Robert Campbell | | |
☐
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☐
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☐
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Jordi Ferre | | |
☐
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☐
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☐
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Denise L. Devine | | |
☐
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☐
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☐
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Macauley Whiting, Jr. | | |
☐
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☐
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☐
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Nance Dicciani | | |
☐
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☐
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☐
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George Lobisser | | |
☐
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☐
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☐
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Kevin Schwartz | | |
☐
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☐
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☐
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Alexander Corbacho | | |
☐
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☐
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☐
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FOR
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AGAINST
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ABSTAIN
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2. | | | Advisory approval of the compensation of executives. | | |
☐
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☐
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☐
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4. | | | Approval of the issuance of shares of Common Stock underlying shares of the Company’s Series B-2 convertible preferred stock or the Company’s Series B convertible preferred stock issued or issuable by the Company pursuant to the terms of the Investment Agreement, dated June 13, 2020, between the Company and PSP AGFS Holdings, L.P., in an amount in excess of 19.99% of the Common Stock outstanding | | |
☐
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☐
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☐
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5. | | | Approval of the ratification of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2020. | | |
☐
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☐
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☐
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6. | | | Approval to authorize the Board of Directors to adjourn and postpone the annual meeting to a later date or dates. | | |
☐
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☐
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☐
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| | | | | |
1 YEAR
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2 YEARS
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3 YEARS
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ABSTAIN
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3. | | | Advisory preference on the frequency of our “say on pay” voting. | | |
☐
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☐
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☐
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☐
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| Signature of Stockholder | | | | | Date | | | | ||
| Signature of Stockholder | | | | | Date | | | |
1 Year AgroFresh Solutions Chart |
1 Month AgroFresh Solutions Chart |
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