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
23, 2008
Kronos
Worldwide, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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1-31763
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76-0294959
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(State
or other jurisdiction of incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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5430
LBJ Freeway, Suite 1700, Dallas, Texas
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75240-2697
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
(972)
233-1700
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(Former
name or former address, if changed since last report.)
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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):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
7.01
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Regulation
FD Disclosure.
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The
registrant hereby furnishes the information set forth in its two press releases
issued on May 23, 2008, a copy of each of which is attached hereto as Exhibit
99.1 and Exhibit 99.2, respectively, and incorporated herein by
reference.
The
information, including the exhibits, 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
U.S. Securities and Exchange Commission shall not incorporate this information
by reference, except as otherwise expressly stated in such filing.
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
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Exhibits
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Item
No.
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Exhibit
Index
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99.1
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Press
release dated May 23, 2008 issued by the registrant.
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99.2
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Press
release dated May 23, 2008 issued by the
registrant.
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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.
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KRONOS
WORLDWIDE, INC.
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(Registrant)
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By: /s/ A. Andrew R. Louis
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Date: May
23, 2008
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A.
Andrew R. Louis, Secretary
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INDEX
TO EXHIBITS
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Item
No.
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Exhibit
Index
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99.1
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Press
release dated May 23, 2008 issued by the
registrant.
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KRONOS
WORLDWIDE, INC. ANNOUNCES AN ENERGY RELATED SURCHARGE AND A NEW PRICE INCREASE
FOR ALL TITANIUM DIOXIDE PRODUCTS IN NORTH AMERICA
CRANBURY,
NEW JERSEY – May 23, 2008 – Kronos Worldwide, Inc. (NYSE: KRO)
announced an energy related surcharge and a new price increase for all titanium
dioxide grades sold in North America. Kronos Worldwide will implement these
changes to partially offset its continuing cost increases, primarily energy, raw
materials and distribution. Prior efforts to implement increases to
cover these higher costs have not been successful, and currently
almost all of the industry producers of TiO2 are operating at a
loss. The first of what could be a number of plant shutdowns in the
industry has recently occurred, and Kronos believes this situation, which if
continued could lead to significant reductions in industry wide production
capacity, should be of concern for both producers and consumers of
TiO2.
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·
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Effective June 9, 2008
a US$0.03 per pound surcharge will be added to all North American
invoices for all Kronos titanium dioxide products. This
surcharge represents further implementation of previously announced North
American price increases.
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·
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Effective June 15, 2008
or as contracts permit, prices for all Kronos titanium dioxide
pigments sold in North America will be increased by US$0.05 per
pound.
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Kronos
Worldwide, Inc. is a major international producer of titanium dioxide
pigments.
The
statements in this release relating to matters that are not historical facts are
forward-looking statements that represent the Company’s beliefs and assumptions
based on currently available information. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable, it
cannot give any assurances that these expectations will prove to be correct.
Such statements by their nature involve substantial risks and uncertainties that
could significantly impact expected results, and actual future results could
differ materially from those described in such forward-looking statements. The
factors that could cause actual future results to differ materially include, but
are not limited to, the factors discussed from time to time in the Company’s
periodic filings with the Securities and Exchange Commission.
* * * *
*
KRONOS
WORLDWIDE, INC. ANNOUNCES AN ENERGY RELATED SURCHARGE AND A NEW PRICE INCREASE
FOR ALL TITANIUM DIOXIDE PRODUCTS IN EUROPE
CRANBURY,
NEW JERSEY – May 23, 2008 – Kronos Worldwide, Inc. (NYSE: KRO)
announced an energy related surcharge and a new price increase for all titanium
dioxide grades sold in Europe including Eastern Europe. Kronos Worldwide will
implement these changes to partially offset its continuing cost increases,
primarily energy, raw materials and distribution. Prior efforts to
implement increases to cover these higher costs have not been successful, and
currently almost all of the industry producers of TiO2 are operating at a
loss. The first of what could be a number of plant shutdowns in the
industry has recently occurred, and Kronos believes this situation, which if
continued could lead to significant reductions in industry wide production
capacity, should be of concern for both producers and consumers of
TiO2.
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·
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Effective June 9, 2008
a surcharge of 40 Euro/mt will be added to all European invoices
for all Kronos titanium dioxide
products.
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·
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Effective June 15, 2008
or as contracts permit, prices for all Kronos titanium dioxide
pigments sold in Europe will be increased by 50
Euro/mt.
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Kronos
Worldwide, Inc. is a major international producer of titanium dioxide
pigments.
The
statements in this release relating to matters that are not historical facts are
forward-looking statements that represent the Company’s beliefs and assumptions
based on currently available information. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable, it
cannot give any assurances that these expectations will prove to be correct.
Such statements by their nature involve substantial risks and uncertainties that
could significantly impact expected results, and actual future results could
differ materially from those described in such forward-looking statements. The
factors that could cause actual future results to differ materially include, but
are not limited to, the factors discussed from time to time in the Company’s
periodic filings with the Securities and Exchange Commission.
* * * *
*