SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Section 7 - Regulation FD
Item 7.01 — Regulation FD Disclosure
On April 14, 2021, Peter R. Chase, Executive Chairman of Chase Corporation (the “Company”) informed the Company that the Peter R. Chase Insurance Trust (the “Trust”) intends to establish a pre-arranged stock trading plan to sell a portion of its stock in the Company over time as part of Mr. Chase’s individual long-term strategy for asset diversification and liquidity. Mr. Chase indicated that he intends the Trust to adopt the stock trading plan in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 and the Company’s policies regarding stock transactions.
Rule 10b5-1 permits insiders to implement written, pre-arranged stock trading plans when they are not in possession of material non-public information. These plans establish predetermined trading parameters that do not permit the person adopting the plan to exercise any subsequent influence over how, when, or whether to effect trades. Using these plans, insiders can gradually diversify their investment portfolios, spread stock trades out over an extended period of time to reduce market impact, and avoid concerns about transactions occurring at a time when they might possess inside information.
Under the plan Mr. Chase proposes to adopt with respect to the Trust, the Trust would sell up to 30,000 shares of the Company’s common stock over a period ending not later than November 12, 2021.
Mr. Chase indicated that the transactions under this plan would commence no earlier than May 14, 2021 and will be disclosed publicly through required filings with the Securities and Exchange Commission.
Section 9 — Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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, thereunto duly authorized.
Dated: April 16, 2021
/s/ Michael J. Bourque
Michael J. Bourque
Treasurer and Chief Financial Officer