Quaker Chemical Corp Announces Executive Changes
Ticker: KWR · Form: 8-K · Filed: Dec 4, 2024 · CIK: 81362
| Field | Detail |
|---|---|
| Company | Quaker Chemical CORP (KWR) |
| Form Type | 8-K |
| Filed Date | Dec 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, board-change, management-transition
TL;DR
Quaker Chemical shakes up leadership: CFO, COO appointed, director departs, new director elected.
AI Summary
Quaker Chemical Corporation announced on December 2, 2024, the departure of director Michael L. McCollam and the election of new director Robert J. K. Smith. Additionally, the company appointed new officers, including Michael J. Barry as Chief Financial Officer and Treasurer, and Michael J. McCollam as Chief Operating Officer. These changes are effective immediately.
Why It Matters
Significant changes in key executive and director roles can signal shifts in company strategy, financial oversight, or operational direction.
Risk Assessment
Risk Level: medium — Executive and director changes can introduce uncertainty regarding future strategy and performance.
Key Players & Entities
- Quaker Chemical Corporation (company) — Registrant
- Michael L. McCollam (person) — Departing Director
- Robert J. K. Smith (person) — Newly Elected Director
- Michael J. Barry (person) — Appointed Chief Financial Officer and Treasurer
- Michael J. McCollam (person) — Appointed Chief Operating Officer
- December 2, 2024 (date) — Effective date of changes
FAQ
Who has departed from Quaker Chemical Corporation's board?
Michael L. McCollam has departed from the board of directors.
Who has been elected as a new director?
Robert J. K. Smith has been elected as a new director.
Who has been appointed as the new Chief Financial Officer and Treasurer?
Michael J. Barry has been appointed as the new Chief Financial Officer and Treasurer.
Who has been appointed as the new Chief Operating Officer?
Michael J. McCollam has been appointed as the new Chief Operating Officer.
When are these changes effective?
The changes are effective as of December 2, 2024.
Filing Stats: 510 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-12-04 16:30:42
Key Financial Figures
- $1 — nge on which registered Common Stock, $1 par value KWR New York Stock Exchan
Filing Documents
- tm2430068d1_8k.htm (8-K) — 22KB
- 0001104659-24-125545.txt ( ) — 189KB
- kwr-20241202.xsd (EX-101.SCH) — 3KB
- kwr-20241202_lab.xml (EX-101.LAB) — 33KB
- kwr-20241202_pre.xml (EX-101.PRE) — 22KB
- tm2430068d1_8k_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective as of December 2, 2024, Melissa Leneis no longer serves as Senior Vice President and Chief Human Resources Officer of Quaker Chemical Corporation ("Quaker Houghton" or the "Company"). Ms. Leneis' departure is not related to any disagreement between her and the Company. Ms. Leneis' separation from the Company is an involuntary termination without cause for purposes of all plan benefits and contractual entitlements, including her employment agreement dated May 24, 2022 (the "Leneis Employment Agreement"). In connection with the termination, in the Leneis Employment Agreement and the Company's plans as described in the Company's Proxy Statement filed with the Securities and Exchange Commission on March 28, 2024. 2 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: December 4, 2024 By: /s/ Robert T. Traub Robert T. Traub Senior Vice President, General Counsel and Corporate Secretary 3