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)
February
13, 2009
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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||
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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 the press release
issued on February 13, 2009, a copy of which is attached hereto as Exhibit 99.1
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 February 13, 2009 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: February
16, 2009
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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 February 13, 2009 issued by the
registrant.
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KRONOS
WORLDWIDE, INC. SUSPENDS REGULAR QUARTERLY DIVIDEND
DALLAS,
TEXAS – February 13, 2009 – Kronos Worldwide, Inc. (NYSE: KRO)
announced today that that its board of directors suspended Kronos Worldwide’s
regular quarterly dividend of twenty five cents ($0.25) per share on its common
stock.
Steven L.
Watson, vice chairman of the board of Kronos, said, “The regular quarterly
dividend was suspended after considering the challenges and opportunities that
exist in the TiO2 pigment
industry. Due to the current economic and financial conditions, we
believe it is prudent to maintain our liquidity and strengthen our balance sheet
in order to take advantage of potential opportunities in the chemical markets,
including acquisitions of TiO2 pigment
manufacturing facilities, if and when such strategic opportunities
arise. The declaration and payment of future dividends will be
dependent upon the board’s consideration of Kronos Worldwide’s results of
operations, financial condition, cash requirements, contractual requirements and
restrictions, strategic plans and other factors deemed relevant by the board of
directors.”
Kronos
Worldwide, Inc. is a major international producer of titanium dioxide
pigments.
Statements
in this release relating to matters that are not historical facts are
forward-looking statements based upon management’s belief and assumptions using
currently available information. Although Kronos Worldwide believes
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. While it is not possible to identify all
factors, Kronos Worldwide continues to face many risks and
uncertainties. Among the factors that could cause actual future
results to differ materially include, but are not limited to, general economic
and political conditions, demand for office furniture, service industry
employment levels, competitive products and prices, fluctuations in currency
exchange rates, the introduction of trade barriers, potential difficulties in
integrating completed acquisitions and other risks and uncertainties detailed in
Kronos Worldwide’s U.S. Securities and Exchange Commission
filings. Should one or more of these risks materialize (or the
consequences of such a development worsen), or should the underlying assumptions
prove incorrect, actual results could differ materially from those forecast or
expected. Kronos Worldwide disclaims any intention or obligation to
publicly update or revise such statements whether as a result of new
information, future events or otherwise.
* * * *
*