UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
April 3, 2007
Date of Report (Date of earliest event reported)
QUAKER CHEMICAL CORPORATION
(Exact name of Registrant as specified in its charter)
Commission File Number 001-12019
| PENNSYLVANIA | No. 23-0993790 | |
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
One Quaker Park
901 Hector Street
Conshohocken, Pennsylvania 19428
(Address of principal executive offices)
(Zip Code)
(610) 832-4000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 3, 2007, Mr. Mark A. Featherstone, 45, Vice President and Controller of Quaker Chemical Corporation (the “Corporation”), was elected as the Corporation’s Vice President, Chief Financial Officer and Treasurer, to fill the vacancy created by the resignation of Mr. Neal E. Murphy, who resigned from the Corporation, effective April 8, 2007. Mr. Featherstone will also become a member of the Corporation’s Management Executive Committee.
Mr. Featherstone joined Quaker as Global Controller in May 2001 and was elected as its Vice President and Global Controller in March 2005. His compensation has not changed as a result of his new title and responsibilities. There is no family relationship between any director, executive officer, or director nominee and Mr. Featherstone.
A press release is attached as Exhibit 99.1 to this current report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
The following exhibit is included as part of this report:
| Exhibit No. | ||
| 99.1 | Press Release of Quaker Chemical Corporation dated April 3, 2007. |
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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 thereunto duly authorized.
| QUAKER CHEMICAL CORPORATION | ||||
| Date: April 4, 2007 | By: | /s/ D. JEFFRY BENOLIEL | ||
| D. Jeffry Benoliel Vice President, Secretary and General Counsel | ||||
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Exhibit 99.1
 |
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| For Release: Immediate |
NEWS | Contact: D. Jeffry Benoliel Vice President, Secretary and General Counsel 610-832-7850
| ||
Quaker Chemical Appoints Mark A. Featherstone
as Vice President, Chief Financial Officer and Treasurer
April 3, 2007
CONSHOHOCKEN, PA — Ronald J. Naples, Chairman and Chief Executive Officer of Quaker Chemical Corporation (NYSE: KWR), today announced that Mark A. Featherstone, currently Vice President and Global Controller, has been promoted to Vice President, Chief Financial Officer and Treasurer, effective April 9.
Mr. Featherstone joined Quaker Chemical in 2001 as Global Controller, and in 2005 was promoted to Vice President and Global Controller. Prior to Quaker, he held a variety of financial management positions with large, multi-national corporations including Coty Inc. and Scott Paper Company, after starting his career at the public accounting firm of Arthur Andersen & Co. Mr. Featherstone is a Certified Public Accountant with an MBA from Drexel University and an undergraduate degree from Penn State University.
Commenting on Mr. Featherstone’s appointment, Mr. Naples stated, “I am pleased that Mark has accepted this position. In his tenure with Quaker, he has been involved in a broad range of financial activities including controllership, treasury and tax, and is very knowledgeable about the full scope of our global operations. I am confident that his awareness of our business, customers, and shareholder expectations will assure a smooth transition.”
Quaker Chemical Corporation is a leading global provider of process chemicals, chemical specialties, services and technical expertise to a wide range of industries—including steel, automotive, mining, aerospace, tube and pipe, coatings, and construction materials. Our products, technical solutions and chemical management services enhance our customers’ processes, improve their product quality, and lower their costs. Quaker’s headquarters is located near Philadelphia in Conshohocken, Pennsylvania.
