Quaker Chemical finalizes CEO Tometich's severance; 18 months pay, accelerated equity vesting

QUAKER CHEMICAL CORP

Tometich departed Nov 18, 2024; agreement signed Dec 5, 2024 includes 18 months bi-weekly severance at current rate plus prorated AIP at 100% individual target.
Receives accelerated prorated vesting of outstanding stock options, RSUs, PSUs, and restricted stock under 2016 LTIP; PSUs paid at end of performance periods.
Vested stock options exercisable until earlier of 3rd anniversary of separation or option term.
Also receives 90 days paid salary in lieu of notice, 12 months outplacement, and prorated 2024 AIP bonus in March 2025.

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