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Market Information, Holders and Dividends
−Removed: Our common stock began trading on the New York Stock Exchange (“NYSE”) under the symbol “PQG” on September 29, 2017.
−Removed: As of March 12, 2021, there were 80 shareholders of record of our common stock.
+Added: Our common stock trades on the New York Stock Exchange (“NYSE”) under the symbol “ECVT”.
+Added: As of February 25, 2022, there were 54 shareholders of record of our common stock.
A substantially greater number of holders of our common stock hold their shares in “street name” through banks, brokers and other financial institutions.
−Removed: On December 14, 2020, we announced that our board of directors had declared a special cash dividend of $1.80 per share, using after tax cash proceeds and cash on hand from the sale of the Performance Materials business.
−Removed: The dividend was paid to our stockholders of record at the close of business on December 21, 2020.
−Removed: We have announced an intent to pay a special cash dividend of $2.50 to $3.25 per share, subject to board approval and declaration, to be financed with the cash proceeds from our anticipated sale of our Performance Chemicals business upon the anticipated close in 2021.
+Added: On August 4, 2021, our board of directors declared a special cash dividend of $3.20 per share using proceeds from the sale of the Performance Chemicals business.
+Added: The dividend was paid on August 23, 2021 to our stockholders of record at the close of business on August 12, 2021.
We have not and do not currently intend to pay regular dividends on our common stock in the foreseeable future.
−Removed: The declaration and payment of any future dividends by our Board of Directors is subject to compliance with the covenants contained in the agreements governing our credit facilities, the indentures governing our outstanding notes, applicable law and other considerations.
+Added: The declaration and payment of any future dividends by our board of directors is subject to compliance with the covenants contained in the agreements governing our credit facilities, applicable law and other considerations.
See Note 18 to our consolidated financial statements included in this Form 10-K for details regarding covenant restrictions on the payment of dividends under our debt agreements.
Stock Performance Graph
−Removed: The graph below shows the cumulative total shareholder return of our common stock for the period from September 29, 2017 to December 31, 2020 as compared to the cumulative total return of the Russell 2000 Total Return Index and the S&P 1500 Specialty Chemicals Index, assuming an investment of $100 made at the respective closing prices on September 29, 2017.
+Added: The graph below shows the cumulative total shareholder return of our common stock for the period from September 29, 2017 (the date our common stock began trading on the NYSE) to December 31, 2021 as compared to the cumulative total return of the Russell 2000 Total Return Index and the S&P 1500 Specialty Chemicals Index, assuming an investment of $100 made at the respective closing prices on September 29, 2017.
The information contained in the graph below is furnished and therefore not to be considered “filed” with the SEC, and is not incorporated by reference into any document that incorporates this Form 10-K by reference.
−Removed: Comparison of Cumulative Total Return as of December 31, 2020
−Removed: Assumes Initial Investment of $100 on September 29, 2017
9/29/2017 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021
−Removed: PQG $ 100 $ 95 $ 86 $ 100 $ 94
+Added: ECVT (formerly PQG) $ 100 $ 95 $ 86 $ 100 $ 94 $ 88
Russell 2000 100 103 92 112 138 160
SP 1500 Spec Chem 100 106 99 114 137 163
−Removed: Issuer Purchases of Equity Securities
−Removed: Tax Withholdings
−Removed: The following table contains information about shares of common stock delivered to the Company by employees to satisfy withholding tax obligations of the employees in connection with the vesting of restricted stock awards and restricted stock units during the fourth quarter of 2020.
−Removed: Maximum Number
−Removed: (or Dollar Value) of
−Removed: Shares of Common Stock
−Removed: that May Yet Be
−Removed: Purchased Under the
−Removed: Plans or Programs
−Removed: Total Number of
−Removed: Shares of Common Stock
−Removed: Purchased as Part of
−Removed: Publicly Announced
−Removed: Plan or Programs
−Removed: Total Number of
−Removed: Shares of Common
−Removed: Stock Purchased Average Price
−Removed: Paid per Share of
−Removed: October 2020 52,733 $ 10.38 N/A N/A
−Removed: November 2020 — $ — N/A N/A
−Removed: December 2020 — $ — N/A N/A
−Removed: [Removed and Reserved]
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