Filing Details

 

CUSIP No. 747316107

 

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   Durable Capital Partners LP
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)       ☐ (b)       ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   Delaware
NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH  REPORTING PERSON WITH:		5	SOLE VOTING POWER   1,288,333
		6	SHARED VOTING POWER   0
		7	SOLE DISPOSITIVE POWER   1,288,333
		8	SHARED DISPOSITIVE POWER   0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   1,288,333
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   7.2%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)   IA, PN

Item 1(a).

Name of Issuer:

 

Quaker Chemical Corporation (the “Issuer”)

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

 

901 E. Hector Street, Conshohocken, PA 19428

 

Item 2(a).

Names of Person Filing:

 

The name of the person filing this report is:

Durable Capital Partners LP (the “Reporting Person”)

 

Item 2(b).

Address of Principal Business Office or, if None, Residence:

 

The address of the principal business office of the Reporting Person is:

4747 Bethesda Avenue, Suite 1002

Bethesda, Maryland 20814

 

Item 2(c).

Citizenship or Place of Organization:

 

The Reporting Person is a limited partnership organized under the laws of the State of Delaware.

 

Item 2(d).

Title of Class of Securities:

 

Common Stock, $1 par value (“Common Stock”)

 

Item 2(e).

CUSIP Number:

 

747316107

 

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

  

(a)

☐

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

☐

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

☐

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

☐

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

(e)

☒

An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).

 

(f)

☐

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

 

(g)

☐

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

 

 

(h)

☐

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

 

(i)

☐

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

 

(j)

☐

A non-U.S. institution that is the functional equivalent of any of the institutions listed in § 240.13d-1 (b)(1)(ii)(A) through (I), so long as the non-U.S. institution is subject to a regulatory scheme that is substantially comparable to the regulatory scheme applicable to the equivalent U.S. institution.

 

(k)

☐

Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

Item 4.

Ownership.

 

The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The ownership percentages reported are based on 17,931,664 outstanding shares of Common Stock as of October 31, 2022, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 3, 2022.

 

Durable Capital Master Fund LP directly holds 1,288,333 shares of Common Stock (the “Shares”). The Reporting Person, as the investment adviser to Durable Capital Master Fund LP, has sole power to direct the vote and disposition of the Shares. Durable Capital Partners GP LLC (“Durable GP”) is the general partner of the Reporting Person, and Henry Ellenbogen is the chief investment officer of the Reporting Person and the managing member of Durable GP.

 

Item 5.

Ownership of Five Percent or Less of a Class.

 

Inapplicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

 

See disclosure of relationships among parties under Item 4. The economic benefits of the Shares are shared based on agreements among the parties.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

See control and Shares holding disclosure in Item 4.

 

Item 8.

Identification and Classification of Members of the Group.

 

Inapplicable.

 

 

Item 9.

Notice of Dissolution of Group.

 

Inapplicable.

 

Item 10.

Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

SIGNATURE

 

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Date:     February 13, 2023

 

DURABLE CAPITAL PARTNERS LP
By:	/s/ Julie Jack
	Name:	Julie Jack
	Title:	Authorized Person