UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of the earliest event reported)
May 24, 2006
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Kronos Worldwide, Inc.
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(Exact name of Registrant as specified in its charter)
Delaware 1-31763 76-0294959
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
5430 LBJ Freeway, Suite 1700, Dallas, Texas 75240-2697
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(972) 233-1700
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(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
(b) On May 24, 2006, Mr. James W. Brown ceased to hold the positions of
vice president and controller of the registrant. Mr. Brown has been appointed
vice president, corporate finance for Titanium Metals Corporation, a publicly
held corporation related to the registrant ("TIMET").
(c) On May 24, 2006, Mr. Tim C. Hafer, age 44, was appointed as vice
president and controller of the registrant to serve at the pleasure of the
registrant's board of directors. From 2003 to May 24, 2006, Mr. Hafer served as
director - finance and control of the registrant and of NL Industries, Inc., a
publicly held corporation related to the registrant ("NL"). From prior to 2001
to 2003, Mr. Hafer served as an assistant controller of Valhi, Inc., a publicly
held parent corporation of the registrant ("Valhi"), and Contran Corporation, a
privately held parent corporation of the registrant, NL, TIMET and Valhi
("Contran"). Mr. Hafer is an employee of Contran and provides his services to
the registrant under an intercorporate services agreement between Contran and
the registrant. For a description of the intercorporate services agreement, see
"Certain Relationships and Transactions" in the registrant's 2006 proxy
statement ("Proxy Statement") filed with the U.S. Securities and Exchange
Commission on April 13, 2006 (SEC File No. 1-31763), which description is
incorporated herein by reference.
On May 24, 2006, Mr. Hafer was also appointed as vice president and
controller of NL. For a discussion of potential conflicts of interest of
officers who serve more than one corporation, see "Certain Relationships and
Transactions" in the Proxy Statement, which discussion is incorporated herein by
reference.
Item 7.01 Regulation FD Disclosure.
The registrant hereby furnishes the information set forth in its press
release issued on May 24, 2006, a copy of which is attached hereto as Exhibit
99.1 and incorporated herein by reference.
The information, including the exhibit, the registrant furnishes in
this report is not deemed "filed" for purposes of section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that section. Registration statements or other documents filed with the
Securities and Exchange Commission shall not incorporate this information by
reference, except as otherwise expressly stated in such filing.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
Item No. Exhibit Index
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99.1 Press Release dated May 24, 2006 issued
by the registrant.
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.
KRONOS WORLDWIDE, INC.
(Registrant)
By: /s/ A. Andrew R. Louis
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A. Andrew R. Louis
Secretary
Date: May 26, 2006
INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Press Release dated May 24, 2006 issued by the registrant.
KRONOS WORLDWIDE, INC. Contact: Gregory M. Swalwell
Three Lincoln Centre Vice President, Finance and Chief
5430 LBJ Freeway, Suite 1700 Financial Officer
Dallas, Texas 75240-2697 (972) 233-1700
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PRESS RELEASE
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[LOGO GOES HERE]
FOR IMMEDIATE RELEASE
KRONOS WORLDWIDE, INC. ANNOUNCES QUARTERLY DIVIDEND AND
ANNOUNCES RESULTS OF ANNUAL STOCKHOLDER MEETING
DALLAS, TEXAS - May 24, 2006 - Kronos Worldwide, Inc. (NYSE: KRO)
announced that its board of directors has declared a regular quarterly dividend
of twenty five cents per share on its common stock, payable on June 26, 2006 to
stockholders of record at the close of business on June 9, 2006.
Kronos Worldwide also announced that its stockholders had re-elected
each of its seven directors for terms of one year at the annual stockholder
meeting held today. Kronos Worldwide's directors are: Cecil H. Moore, Jr., Keith
R. Coogan, George E. Poston, Glenn R. Simmons, Harold C. Simmons, R. Gerald
Turner and Steven L. Watson.
Kronos Worldwide, Inc. is a major international producer of titanium
dioxide pigments.
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