NEWMARKET CORPORATION (NYSE:NEU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January23, 2018, the Compensation Committee of the Board of Directors of NewMarket Corporation (the “Company”), taking into consideration the Company’s achievements for 2017, approved the following bonus payments for the Company’s named executive officers:
|
ThomasE.Gottwald, President and Chief Executive Officer |
$ | 575,000 |
|
Robert A. Shama, President of Afton Chemical Corporation |
$ | 550,000 |
|
Bruce R. Hazelgrove, III, Executive Vice President and Chief Administrative Officer |
$ | 350,000 |
|
Brian D. Paliotti, Vice President and Chief Financial Officer |
$ | 400,000 |
|
M. Rudolph West, Vice President, General Counsel and Secretary |
$ | 300,000 |
About NEWMARKET CORPORATION (NYSE:NEU)
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services) and NewMarket Development Corporation (NewMarket Development). It operates in petroleum additives segment, which is primarily represented by Afton. The tetraethyl lead (TEL) business of Ethyl is reflected in the All other category. Each of its subsidiaries manages its own assets and liabilities. Afton encompasses the petroleum additives business, while Ethyl represents the sale of TEL in North America and certain petroleum additives manufacturing operations. NewMarket Development manages the property that the Company owns in Richmond, Virginia consisting of approximately 60 acres. NewMarket Services provides various administrative services to NewMarket, Afton, Ethyl and NewMarket Development. It has operations in the United States, Canada, Europe, India and Latin America, among others.
