QUAKER CHEMICAL CORP

Quaker Houghton announced that Steven Dassing resigned from his position as Vice President, Corporate Controller and Principal Accounting Officer, effective July 22, 2026, to pursue another career opportunity. His resignation is not due to any disagreement with the company. Following Mr. Dassing's departure, Mr. Coler, the current Executive Vice President and Chief Financial Officer, will assume the additional role of Principal Accounting Officer without any new compensatory arrangements.

Quaker Houghton announced the retirement of Michael F. Barry from its Board of Directors and as Chairman, effective May 13, 2026. Mr. Barry had served on the Board since 2008 and as Chairman since 2009. Concurrently, the Board appointed Mark A. Douglas, an independent director, as the new Chairman and reduced the Board's size from eleven to ten directors. Additionally, the Lead Director role was eliminated. At the 2026 Annual Meeting, shareholders elected three directors, approved the compensation of named executive officers, and ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2026.

Quaker Chemical Corporation reported strong first-quarter 2026 results with net sales increasing 8.5% to $480.5 million and net income attributable to the company surging 52.2% to $19.7 million. Diluted earnings per share rose to $1.13 from $0.73 in the prior year. The company also initiated a new global business transformation program while continuing its 2022 cost optimization efforts.

Quaker Houghton reported strong first-quarter 2026 results with net sales increasing 8% year-over-year to $480.5 million and diluted EPS rising to $1.13. The company achieved 3% organic volume growth driven by new business wins and saw adjusted EBITDA increase by 5% to $72.5 million. Additionally, Quaker Houghton amended its credit agreement, extending debt maturity to 2031, and initiated a new cost savings program targeting $20-$30 million in annualized savings by 2028.

Quaker Chemical Corporation has entered into Amendment No. 4 to its Credit Agreement, establishing new senior secured credit facilities totaling $1.6 billion. This includes a new euro-denominated term loan facility equivalent to $250 million, a new U.S. dollar-denominated term loan facility of $550 million, and a new revolving credit facility of $800 million. The company plans to use the proceeds from these new facilities to fully repay all existing U.S. Term Loans, Euro Term Loans, and Revolving Credit Loans.