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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
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| Item 8.01. | Other Events |
On October 28, 2021, NewMarket Corporation (the “Company”) issued a press release reporting that the Company’s Board of Directors had declared a dividend of $2.10 per share of the Company’s common stock, payable on January 3, 2022 to the Company’s shareholders of record as of December 15, 2021. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The Company also reported that the Board of Directors approved a new share repurchase program authorizing management to repurchase up to $500 million of the Company’s outstanding common stock through December 31, 2024, as market conditions warrant and covenants under the Company’s existing debt agreements permit. The new repurchase program replaces the Company’s existing $500 million repurchase program approved by the Board of Directors in December 2018, which was set to expire on December 31, 2021. Under the new program, the Company may conduct share repurchases in the open market, in privately negotiated transactions, through block trades or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The new program does not require the Company to acquire any specific number of shares and may be terminated or suspended at any time.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits.
| Exhibit 99.1 | Press release regarding the quarterly dividend and new share repurchase program issued by the Company on October 28, 2021. | |
| Exhibit 104 | Cover Page Interactive Data File (Embedded within the inline XBRL document) | |
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 hereunto duly authorized.
Date: October 28, 2021
| NEWMARKET CORPORATION | ||
| By: | /s/ Brian D. Paliotti | |
| Brian D. Paliotti | ||
| Vice President and Chief Financial Officer | ||
