Quaker Houghton appoints Tom Coler as CFO effective June 10, 2024; Shane Hostetter departs

QUAKER CHEMICAL CORP

Shane Hostetter terminated as CFO effective June 7, 2024; will remain in transition role through August 4, 2024.
Tom Coler appointed EVP and CFO effective June 10, 2024; previously CFO at Savage Companies and H.B. Fuller.
Compensation includes $515k base salary, 65% target annual bonus, $850k target LTI (60% PSUs, 40% RSUs).
Equity sign-on award of $400k RSUs vests on 2nd anniversary; repayment required if voluntary resignation within 3 years.
Relocation lump sum of ~$12,000 grossed up for taxes; temporary housing provided.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Shane Hostetter

Chief Financial Officer

KWR · QUAKER CHEMICAL CORP

Effective: 2024-06-07
Successor: Tom Coler
Filed: May 9, 2024, 7:59 PM ET

On May 9, 2024, Quaker Chemical Corporation (the “Company”) announced the termination of the employment of Shane Hostetter, as the Company’s Chief Financial Officer, effective as of June 7, 2024.

Appointed

Tom Coler

Executive Vice President and Chief Financial Officer

KWR · QUAKER CHEMICAL CORP

Effective: 2024-06-10
Filed: May 9, 2024, 7:59 PM ET

On May 6, 2024, the Board of Directors of the Company appointed Tom Coler, age 50, to Executive Vice President and Chief Financial Officer, effective June 10, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Shane Hostetter was terminated as Chief Financial Officer at QUAKER CHEMICAL CORP.

Action: terminated
Role: Chief Financial Officer

Exact text from the filing

On May 9, 2024, Quaker Chemical Corporation (the “Company”) announced the termination of the employment of Shane Hostetter, as the Company’s Chief Financial Officer, effective as of June 7, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tom Coler was appointed as Executive Vice President and Chief Financial Officer at QUAKER CHEMICAL CORP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On May 6, 2024, the Board of Directors of the Company appointed Tom Coler, age 50, to Executive Vice President and Chief Financial Officer, effective June 10, 2024.

View on SEC.gov

QUAKER CHEMICAL CORP filing history →

Source: SEC EDGAR

accession 0001104659-24-059139

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