8-KThe WireRed Alert
Executive Change
Filed Jul 22, 2025 · 11mo ago · Accession 0001104659-25-069599
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗Securities and Exchange Commission reporting
positions of increasing responsibility for the Company during his tenure and is a licensed certified public accountant.
In connection with assuming
the role of Principal Accounting Officer, the Company updated Mr. Dassing’s salary to $300,000 per annum, effective July 20, 2025.
He will continue to be eligible to participate in the Company’s Annual Incentive Plan (the “AIP”) with a target award
percentage for 2025 under the AIP of 35% of his base salary, dependent upon the Company’s financial results and other objectives.
Mr. Dassing will also remain eligible to participate in the Company’s Long-Term Incentive Plan, which includes a mix of time-based
restricted stock units and target performance stock units, with an aggregate target level value of $110,000.
Pursuant to Mr. Dassing’s
employment agreement previously entered into with the Company, he is subject to non-disclosure, non-competition and non-solicitation covenants
similar to those of other Company associates.
There are no arrangements
or understandings between Mr. Dassing and any other person pursuant to which he was selected as an officer, there are no family relationships
between Mr. Dassing and any director or executive officer of the Company, and he has no direct or indirect material interest in any existing
or currently proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
QUAKER CHEMICAL CORPORATION
Date: July 22, 2025
By:
/s/ Robert T. Traub
Robert T. Traub
Senior Vice President, General Counsel and Corporate Secretary
Filing details
- Company
- QUAKER CHEMICAL CORP
- Ticker
- KWR
- CIK
- 81362
- Form type
- 8-K
- Filing date
- Jul 22, 2025
- Report date
- Jul 18, 2025
- Document
- tm2521444d1_8k.htm
- Size
- 187 KB