Management Change/Compensation Form 8 K

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

On November 19, 2024, Ashland Inc (the "Company") and Eric F. Boni, the Company's Vice President, Finance and Principal Accounting Officer, agreed that Mr. Boni will depart from the Company following a brief transition period.

Mr. Boni's departure constitutes a Qualifying Termination under the Company's Senior Leadership Severance Plan, which was filed with the U. S. Securities and Exchange Commission as Exhibit 10.60 to the Company's 2022 Annual Report on Form 10-K (the "Severance Plan"), and, accordingly, the Company anticipates that Mr. Boni will be entitled to receive the payments and benefits under the Severance Plan in exchange for a waiver and release of claims and confidentiality and non-solicitation covenants in favor of the Company. A summary of the material terms of the Severance Plan and the treatment of any outstanding equity awards following a Qualifying Termination is contained in the Company's Proxy Statement for the 2024 Annual Meeting of Stockholders under the heading "Potential Payments Upon Termination or Change in Control."