secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059139
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000110465924059139/0001104659-24-059139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000110465924059139/tm2413816d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059139

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