secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001104659-24-127631
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000110465924127631/0001104659-24-127631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000110465924127631/tm2430660d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-127631

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer