secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0001104659-24-121066
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaker Houghton appoints Joseph Berquist as CEO, replacing Andy Tometich
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- Joseph Berquist appointed CEO and President effective Nov 18, 2024; also elected to Board as Class I director.
- Berquist previously served as Chief Commercial Officer and has been with the company since 1997.
- Andy Tometich departs as CEO and President; termination is involuntary without cause, not related to any disagreement.
- Berquist's employment agreement: base salary $800K, target bonus 100% of salary, LTI target $2.3M.
- Berquist co-led integration of 2019 Quaker Houghton combination and has been involved in 24 acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000110465924121066/0001104659-24-121066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000110465924121066/tm2428909d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-121066

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