Valhi, Inc. (NYSE:VHI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 13, 2020, Kelly D. Luttmer, executive vice president and chief tax officer of the registrant, provided notice to the registrant that, effective as of June 1, 2020, she will retire as an officer of the registrant. In connection with her retirement from the registrant, Ms. Luttmer has also provided notice to Kronos Worldwide, Inc. (“Kronos”), NL Industries, Inc. (“NL”) and CompX International Inc. (“CompX”), affiliates of the registrant, that she will also retire as an officer of those companies as of such date. Following such retirements, Ms. Luttmer will continue to be employed by Contran Corporation (“Contran”), the privately-held parent corporation of the registrant, and will continue to serve as executive vice president and chief tax officer of Contran.
Following such retirement notice of Ms. Luttmer, the registrant’s board of directors took action, also effective as of June 1, 2020, to:
Ms. McCoy, age 47, has served in various tax accounting positions with various companies related to the registrant and Contran since 2003 and currently serves as vice president, tax of Kronos. Beginning June 1, 2020, she will also serve as an executive officer of Kronos as its vice president, tax.
Ms. Scott, age 45, has served in various tax accounting positions with various companies related to the registrant and Contran since 2006 and currently serves as vice president, tax of the registrant. Beginning June 1, 2020, she will also serve as an executive officer of each of CompX and NL as its vice president, tax.
Ms. McCoy and Ms. Scott are employees of Contran and will provide their services to the registrant under an intercorporate services agreement between the registrant and Contran. For a description of the intercorporate services agreement, see “Certain Relationships and Transactions” in the registrant’s 2019 proxy statement, which description is incorporated herein by reference. In addition, for a discussion of potential conflicts of interest of officers who serve more than one corporation, see “Certain Relationships and Transactions” in the 2019 proxy statement, which discussion is also incorporated herein by reference.
About Valhi, Inc. (NYSE:VHI)
Valhi, Inc. is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Chemicals segment operates through Kronos Worldwide, Inc., which produces and markets titanium dioxide pigments. The Component Products segment operates through CompX International Inc., which manufactures security products used in the recreational transportation, postal, cabinetry, tool storage, healthcare and a range of other industries. The Waste Management segment operates through Waste Control Specialists LLC, which offers processing, treatment, storage and disposal of hazardous, toxic and other wastes. The Real Estate Management and Development segment operates through Basic Management, Inc. (BMI) and The LandWell Company (LandWell). BMI provides utility services to industrial and municipal customers. LandWell develops land holdings for commercial, industrial and residential purposes.
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