Pennsylvania | 23-0993790 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] 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
"(l) "Fair Market Value" means, with respect to the applicable date, the last sale price for a share of Common Stock as quoted on the New York Stock Exchange for that date or, if not reported on the New York Stock Exchange for that date, as quoted on the principal exchange on which the Common Stock is listed or traded; provided, however, if no such sales are made on such date, then on the next preceding date on which there are such sales."
Prior to the amendment, the "Fair Market Value" for awards made under the 2006 LTIP was determined by reference to the average of the lowest and highest sales prices for a share of Common Stock of the Company rather than the last sa le price. The 2006 LTIP, which is administered by the Company's Compensation/Management Development Committee of the Board of Directors, provides for incentives and awards, including options, stock appreciation rights, restricted stock, restricted stock units, stock grants, and performance incentive units to non-employee directors, consultants and those employees largely responsible for the long-term success of the Company and its 50% or more owned subsidiaries.
QUAKER CHEMICAL CORPORATION | ||||||||
Date: November 09, 2006 | By: | /s/ D. Jeffry Benoliel | ||||||
D. Jeffry Benoliel | ||||||||
Vice President, Secretary and General Counsel | ||||||||