Newmarket Corp Files Definitive Proxy Statement

Ticker: NEU · Form: DEF 14A · Filed: Mar 11, 2024 · CIK: 1282637

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Executive Compensation, Shareholder Voting, Newmarket Corp

TL;DR

<b>Newmarket Corp has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

NEWMARKET CORP (NEU) filed a Proxy Statement (DEF 14A) with the SEC on March 11, 2024. Newmarket Corp filed a DEF 14A on March 11, 2024. The filing pertains to the fiscal year ending December 31, 2023. The company's principal executive offices are located in Richmond, VA. The SIC code for Newmarket Corp is INDUSTRIAL ORGANIC CHEMICALS [2860]. The filing includes detailed information on executive compensation and equity awards.

Why It Matters

For investors and stakeholders tracking NEWMARKET CORP, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and potential impacts on company performance. Shareholders can use this information to make informed voting decisions on matters presented at the annual meeting.

Risk Assessment

Risk Level: — NEWMARKET CORP shows moderate risk based on this filing. The filing is a routine DEF 14A, indicating standard disclosure practices rather than immediate material events.

Analyst Insight

Review the executive compensation details and any shareholder proposals to inform voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did NEWMARKET CORP file this DEF 14A?

NEWMARKET CORP filed this Proxy Statement (DEF 14A) with the SEC on March 11, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by NEWMARKET CORP (NEU).

Where can I read the original DEF 14A filing from NEWMARKET CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by NEWMARKET CORP.

What are the key takeaways from NEWMARKET CORP's DEF 14A?

NEWMARKET CORP filed this DEF 14A on March 11, 2024. Key takeaways: Newmarket Corp filed a DEF 14A on March 11, 2024.. The filing pertains to the fiscal year ending December 31, 2023.. The company's principal executive offices are located in Richmond, VA..

Is NEWMARKET CORP a risky investment based on this filing?

Based on this DEF 14A, NEWMARKET CORP presents a moderate-risk profile. The filing is a routine DEF 14A, indicating standard disclosure practices rather than immediate material events.

What should investors do after reading NEWMARKET CORP's DEF 14A?

Review the executive compensation details and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.

How does NEWMARKET CORP compare to its industry peers?

Newmarket Corp operates in the Industrial Organic Chemicals sector.

Are there regulatory concerns for NEWMARKET CORP?

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

Industry Context

Newmarket Corp operates in the Industrial Organic Chemicals sector.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

What Investors Should Do

  1. Analyze executive compensation packages and stock award details.
  2. Review any shareholder proposals and board recommendations.
  3. Note the date of the upcoming shareholder meeting for voting.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for annual meetings and executive compensation, not a comparison to a prior filing.

Filing Stats: 4,598 words · 18 min read · ~15 pages · Grade level 14.5 · Accepted 2024-03-11 06:12:14

Key Financial Figures

Filing Documents

From the Filing

DEF 14A Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Under Rule 14a-12 NEWMARKET CORPORATION (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. Table of Contents NEWMARKET CORPORATION 330 South Fourth Street Richmond, Virginia 23219 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN that the annual meeting of shareholders of NewMarket Corporation will be held at The Foundry Building, 500 Tredegar St., Richmond, Virginia on Thursday, April 25, 2024, at 10:00 a.m., Eastern Daylight Time, for the following purposes, as more fully described in the accompanying proxy statement: 1. To elect each of the seven director nominees named in this proxy statement for a one-year term or until his or her successor is duly elected and qualified; 2. To ratify the appointment of PricewaterhouseCoopers LLP as NewMarket's independent registered public accounting firm for the fiscal year ending December 31, 2024; 3. To consider and act on an advisory vote regarding the approval of the compensation paid to certain executive officers; and 4. To transact such other business as may properly come before the meeting. The record date for the determination of shareholders entitled to notice of and to vote at the annual meeting is February 26, 2024. Accordingly, only shareholders of record as of that date will be entitled to notice of and to vote at the annual meeting or any adjournment or postponement thereof. Your vote is very important to us. Regardless of whether you expect to attend the meeting, please act promptly to vote your shares. You may vote your shares by telephone or over the Internet, as described in the Notice of Internet Availability of Proxy Materials. If you are present at the meeting and hold shares in your name, you may vote in person even if you have previously submitted your proxy by mail, by telephone or over the Internet. If your shares are held in street name with your broker or by a nominee and you wish to vote in person at the meeting, you will need to obtain a legal proxy from the institution that holds your shares and provide that legal proxy at the meeting. By Order of the Board of Directors, ANNE-MARIE ANDERSON, Corporate Secretary March 11, 2024 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON APRIL 25, 2024 The company's Proxy Statement for the 2024 Annual Meeting of Shareholders and the company's Annual Report to Shareholders and Annual Report on Form 10-K for the fiscal year ended December 31, 2023 are available at www.edocumentview.com/NEU. Table of Contents TABLE OF CONTENTS 2024 Annual Meeting of Shareholders 1 Proposal 1: Election of Directors 4 Board of Directors 6 Board Leadership Structure 7 Board's Role in Risk Oversight 7 Risk Assessment of Compensation Policies and Practices 8 Committees of our Board 8 Compensation of Directors 10 Certain Relationships and Related Transactions 11 Stock Ownership 13 Compensation Discussion and Analysis 15 The Compensation Committee Report 23 Compensation of Executive Officers 24 Audit Committee Report 37 Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm 39 Proposal 3: Advisory Vote on Approval of Executive Compensation (Say-on-Pay) 40 Submission of Matters for 2025 Annual Meeting 41 Certain Matters Relating to Proxy Materials and Annual Reports 42 Other Matters 42 Annex A: NewMarket Corporation Independence Determination Guidelines A-1 Table of Contents PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS OF NEWMARKET CORPORATION Approximate date of mailing — March 11, 2024 Date, Time and Place of Annual Meeting The annual meeting of shareholders of NewMarket Corporation is scheduled to be held as follows: Date: Thursday, April 25, 2024 Time: 10:00 a.m., Eastern Daylight Time Place: The Foundry Building 500 Tredegar St. Richmond, Virginia 23219 Proposals to be Considered at the Annual Meeting At the annual meeting, you will be asked to consider and vote on the following proposals: to elect the seven director nominees named in this proxy statement; to ratify the appointment

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