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Item 5. Market for Registrant’s Common Equity

2022-03-01 compared with 2021-03-01 · 69 added, 96 removed, 32 unchanged (84% of the section changed)

Market for Registrant’s Common

Equity, Related Stockholder Matters and

Issuer Purchases of Equity Securities.

Equity, Related Stockholder Matters and Issuer Purchases

of Equity Securities.

The Company’s common

1 unchanged sentence

Stock Exchange (“NYSE”) under the trading symbol KWR.

declared cash dividends that totaled $1.56 per share

of outstanding common stock or $27.8 million during

the year ended December

31, 2020 and $1.525 per share of outstanding common

stock or $23.7 million during the year ended December

and May 2020, our Board declared quarterly cash dividends

of $0.385 per share of outstanding common stock, payable

to shareholders

declared cash dividends that totaled $1.62 per share of outstanding

common stock or $29.0 million during the year ended December

31, 2021 and $1.56 per share of outstanding common stock or $27.8 million

during the year ended December 31, 2020.

and May 2021, our Board declared quarterly cash dividends of

$0.395 per share of outstanding common stock, payable to shareholders

of record in April 2021 and July 2021, respectively.

Subsequently, our Board

declared quarterly dividends of $0.395 per share of

outstanding common stock in September and November

2020, respectively, payable

to shareholders of record in October 2020 and

Subsequently, our Board declared

quarterly dividends of $0.415 per share of

outstanding common stock in August and November 2021, respectively,

payable to shareholders of record in October 2021 and

January 2022, respectively.

expect to continue to pay comparable cash dividends on a quarterly

basis in the future.

Future declaration of dividends and the establishment of future

record dates and payment dates are subject to the final

determination of

our Board, and will be based on our future financial condition,

results of operations, capital requirements, capital expenditure

requirements, contractual restrictions, anticipated cash

needs, business prospects, provisions of applicable law and other

expect to continue to pay comparable cash dividends on a quarterly basis in the future.

Future declaration of dividends

and the establishment of future record dates and payment dates are subject

to the final determination of

our Board, and will be based on our future financial condition, results of

operations, capital requirements, capital expenditure

requirements, contractual restrictions, anticipated cash needs, business

prospects, provisions of applicable law and other factors our

Board may deem relevant.

There are no restrictions that the Company believes are

likely to materially limit the payment of future dividends.

under the Credit Facility there are certain restrictions, including

a limit on dividends paid not to exceed the greater of $50.0

annually and 20% of consolidated EBITDA so long as there

is no default under the Credit Facility.

There are no restrictions that the Company believes are likely to materially

limit the payment of future dividends.

under the Credit Facility there are certain restrictions, including a limit on dividends

paid not to exceed the greater of $50.0 million

annually and 20% of consolidated EBITDA so long as there is no default under

the Credit Facility.

Reference is made to the

“Liquidity and Capital Resources” disclosure contained

in Item 7 of this Report.

As of January 15, 2021,

17,853,463 shares of Quaker common stock were issued

and outstanding and were held by 712

“Liquidity and Capital Resources” disclosure contained in Item 7 of this Report.

As of January 17, 2022, 17,899,286 shares of Quaker common stock

were issued and outstanding and were held by 649

shareholders of record.

Each share of common stock is entitled to one vote per share.

Reference is made to the information in Item 12

of this Report under the caption “Equity Compensation

Plans,” which is

Reference is made to the information in Item 12 of this Report under the

caption “Equity Compensation Plans,” which is

incorporated herein by this reference.

The following table sets forth information concerning

shares of the Company’s

common stock acquired by the Company during

the fourth quarter of 2020 for the period covered by

The following table sets forth information concerning shares of

the Company’s common stock acquired

by the Company during

the fourth quarter of 2021 for the period covered by this report:

Issuer Purchases of Equity Securities

9 unchanged sentences

November 1 - November 30, 2021

December 1 - December 31, 2020

1 - December 31, 2021

The Company did not acquire any shares of the Company’s

common stock from employees during the fourth quarter

All shares that would be acquired from employees are related

to the surrender of Quaker Chemical Corporation shares in

payment of the exercise price of employee stock options

exercised or for the payment of taxes upon exercise of

common stock from employees during the fourth quarter of 2021.

All shares that would be acquired from employees are related to the surrender of

Quaker Chemical Corporation shares in

payment of the exercise price of employee stock options exercised or

for the payment of taxes upon exercise of employee

stock options or the vesting of restricted stock.

The Company did not acquire any shares of the Company’s

common stock from employees during the fourth quarter

The price that would be paid for shares acquired from employees

pursuant to employee benefit and share-based compensation

common stock from employees during the fourth quarter of 2021.

The price that would be paid for shares acquired from employees pursuant to employee

benefit and share-based compensation

plans is based on the closing price of the Company’s

common stock on the date of exercise or vesting as

specified by the plan

pursuant to which the applicable option or restricted stock

On May 6, 2015, the Board of Directors of the Company

approved, and the Company announced, a share repurchase

program, pursuant to which the Company is authorized

to repurchase up to $100,000,000 of Quaker Chemical Corporation

common stock (the “2015 Share Repurchase Program”).

The 2015 Share Repurchase Program has no expiration date.

were no shares acquired by the Company pursuant

to the 2015 Share Repurchase Program during the quarter ended

December 31, 2020.

Stock Performance Graph:

The following graph

compares the cumulative

common stock on the date of exercise or vesting as specified by the plan

pursuant to which the applicable option, restricted stock award, or restricted

stock unit was granted.

On May 6, 2015, the Board of Directors of the Company approved, and

the Company announced, a share repurchase

program, pursuant to which the Company is authorized to repurchase

up to $100,000,000 of Quaker Chemical Corporation

common stock (the “2015 Share Repurchase Program”), and it has no expiration

There were no shares acquired by the

Company pursuant to the 2015 Share Repurchase Program during

the quarter ended December 31, 2021.

Stock Performance

The following

graph compares

the cumulative

total return (assuming

reinvestment of dividends)

reinvestment of

dividends) from

December 31, 2016 to December

2020 for (i) Quaker’s common stock,

(ii) the S&P MidCap 400 Index (the

“MidCap Index”), (iii)

31, 2021 for (i) Quaker’s

common stock, (ii) the S&P MidCap

400 Index (the “MidCap Index”),

(iii) the S&P 400

Materials Group Index

(the “Materials 400

Group Index”) and

600 Materials Group

Index (the “Materials

600 Group Index”).

The graph assumes the investment

of $100 on December

31, 2015 in each of

Quaker’s common stock,

comprising the

MidCap Index and

(the “Materials Group

Index, respectively.

The comparison of

the Materials 400

Group Index was

added in 2020 to provide a closer comparison to the

MidCap Index comparison.

Materials 400 Group Index

The graph assumes the

investment of $100 on

2016 in each of Quaker’s common stock, the stocks comprising

the MidCap Index and the Materials Group Index, respectively.

Materials Group Index

Selected Financial Data.

The Company has omitted the table for selected

financial data pursuant to the SEC Final Rule Release Nos.

-10890, which

among other revisions, amends certain disclosure requirements required

by Regulation S-K relating to selected financial data (Item

301) and supplementary financial information (Item 302).

The Company has early adopted the guidance on an Item-by-Item

eliminated Items 301 and 302 in its consolidated financial

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity