35 unchanged sentences
Stock Performance Graph
−Removed: The following graph compares the cumulative total return (assuming reinvestment of dividends) from December 31, 2019 to December 31, 2024 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 Group Index”) and (iv) S&P Composite 1500 Chemicals Index (the “Chemicals Index”), the new published industry index we have selected to use.
−Removed: The graph assumes the investment of $100 o n December 31, 2019 in each of Quaker’s common stock, the stocks comprising the MidCap Index, Materials Group Index and the Chemicals Index, respe ctively.
−Removed: We included the Chemicals Index this year because the Chemicals Index was also the peer group used to assess the 2024 performance stock unit’s total shareholder return relative to the performance of our peer group.
+Added: The following graph compares the cumulative total return (assuming reinvestment of dividends) from December 31, 2020 to December 31, 2025 for (i) Quaker’s common stock, (ii) the S&P 600 SmallCap Index (the “SmallCap Index”), (iii) the S&P 400 Materials Group Index (the “Materials Group Index”) and (iv) S&P Composite 1500 Chemicals Index (the “Chemicals Index”).
+Added: The graph assumes the investment of $100 o n December 31, 2020, in each of Quaker’s common stock, and in the stocks comprising the SmallCap Index, Materials Group Index and the Chemicals Index .
+Added: We included the SmallCap Index this year, to replace the S&P MidCap 400 Index, as it represents the small-cap segment of the U.S.
+Added: equity market and includes companies with similar market capitalizations to Quaker.
Company / Index 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
1 unchanged sentence
$ 100.00 $ 91.67 $ 67.02 $ 86.53 $ 57.65 $ 57.15
−Removed: S&P MidCap 400 Index 100.00 113.66 141.80 123.28 143.54 163.54
+Added: S&P 600 SmallCap Index 100.00 126.82 106.40 123.48 134.22 142.30
S&P 400 Materials Group Index 100.00 132.23 128.61 149.88 146.17 152.53
1 unchanged sentence
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.