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)
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