---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-122530"
form_type: "8-K"
ticker: "NEU"
cik: "0001282637"
company_name: "NEWMARKET CORP"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:23:16.414891+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NewMarket raises quarterly dividend 7.1% to $2.25; shareholders approve 2023 incentive plan

## Summary
- Board approved quarterly dividend of $2.25 per share, up 7.1% from $2.10.
- Dividend payable July 3, 2023 to holders of record June 15, 2023.
- Shareholders approved the 2023 Incentive Compensation and Stock Plan with 98.5% support.
- Advisory vote on executive compensation passed; shareholders favored annual frequency.
- Shareholder proposal on GHG emissions reduction targets rejected with 68% votes against.

## SEC filing metadata
- accession: 0001193125-23-122530
- form_type: 8-K
- ticker: NEU
- cik: 0001282637
- company_name: NEWMARKET CORP
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282637/000119312523122530/0001193125-23-122530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282637/000119312523122530/d473199d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-122530
- JSON: https://secwatch.observer/filing/0001193125-23-122530.json
- Plain text: https://secwatch.observer/filing/0001193125-23-122530.txt

## Key facts
- Shareholder Votes
  NEWMARKET CORP shareholders approved Advisory vote on the frequency of future advisory votes on the compensation of named executive officers at the 2023-04-27 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-04-27
  source text: 4. The shareholders approved, on an advisory basis, holding future advisory votes on the compensation of the Company’s named executive officers every one year, as set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282637/000119312523122530/0001193125-23-122530-index.htm
- Shareholder Votes
  NEWMARKET CORP shareholders approved Approval of the 2023 Incentive Plan at the 2023-04-27 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-04-27
  source text: 5. The shareholders approved the 2023 Incentive Plan, as set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282637/000119312523122530/0001193125-23-122530-index.htm
- Shareholder Votes
  NEWMARKET CORP shareholders approved Advisory approval of the Company's executive compensation program for its named executive officers at the 2023-04-27 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-04-27
  source text: 3. The shareholders approved, on an advisory basis, the Company’s executive compensation program for its named executive officers disclosed in the Proxy Statement, as set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282637/000119312523122530/0001193125-23-122530-index.htm
- Shareholder Votes
  NEWMARKET CORP shareholders approved Election of seven nominees to serve on the Board of Directors for the ensuing year at the 2023-04-27 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-04-27
  source text: Item 5.07 Submission of Matters to a Vote of Security Holders. At the Annual Meeting, the proposals listed below were submitted to a vote of shareholders. The proposals are described in more detail in the Proxy Statement. The results are as follows: 1. The shareholders elected each of the Company’s seven (7) nominees to serve on its Board of Directors for the ensuing year, as set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282637/000119312523122530/0001193125-23-122530-index.htm
- Shareholder Votes
  NEWMARKET CORP shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-04-27 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-04-27
  source text: 2. The shareholders ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2023, as set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282637/000119312523122530/0001193125-23-122530-index.htm
- Shareholder Votes
  NEWMARKET CORP shareholders rejected Shareholder proposal regarding the publication of GHG emissions and setting short-, medium- and long-term emission reduction targets to align with net zero by 2050 at the 2023-04-27 meeting.
  - Outcome: failed
  - Meeting: 2023-04-27
  source text: 6. The shareholders did not approve the shareholder proposal regarding the publication of GHG emissions and setting short-, medium- and long-term emission reduction targets to align business activities with net zero emissions by 2050 in line with the Paris Climate Agreement, as set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282637/000119312523122530/0001193125-23-122530-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.