Kronos Worldwide Inc. Announces 2024 Annual Stockholder Meeting

TL;DR

<b>Kronos Worldwide, Inc. is holding its 2024 annual stockholder meeting on May 15, 2024, urging shareholders to vote.</b>

AI Summary

KRONOS WORLDWIDE INC (KRO) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. The 2024 annual meeting of stockholders for Kronos Worldwide, Inc. will be held on May 15, 2024. The meeting will take place at Three Lincoln Centre Conference Center, 5430 LBJ Freeway, Suite 350, Dallas, Texas. Stockholders are encouraged to vote their shares promptly, either online or via proxy card. The proxy statement details the matters to be acted upon at the meeting. Loretta J. Feehan, Chair of the Board, and James M. Buch, President and CEO, signed the notice.

Why It Matters

For investors and stakeholders tracking KRONOS WORLDWIDE INC, this filing contains several important signals. The filing is a definitive proxy statement (DEF 14A), indicating it's providing detailed information to shareholders for an upcoming meeting and soliciting their votes. The company is formally announcing its annual meeting date and location, a standard but crucial step for corporate governance and shareholder engagement.

Risk Assessment

Risk Level: — KRONOS WORLDWIDE INC shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, containing standard corporate governance information with no immediate financial or operational disclosures that would indicate high risk.

Analyst Insight

Review the proxy statement to understand the proposals being voted on and consider voting your shares to ensure your voice is heard.

Key Numbers

• 2024-05-15 — Annual Meeting Date (Date of the 2024 annual meeting of stockholders)
• 10:00 a.m. — Meeting Time (Time of the 2024 annual meeting of stockholders)

Key Players & Entities

• Kronos Worldwide, Inc. (company) — Registrant
• May 15, 2024 (date) — Date of annual meeting
• Loretta J. Feehan (person) — Chair of the Board
• James M. Buch (person) — President and Chief Executive Officer
• Dallas, Texas (location) — Meeting location

FAQ

Industry Context

Kronos Worldwide, Inc. operates in the industrial inorganic chemicals sector, primarily producing titanium dioxide pigments.

Regulatory Implications

This filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for details on proposals and director nominations.
2. Ensure your shares are voted by the deadline, either online or via proxy.
3. Consider attending the annual meeting on May 15, 2024, if possible.

Key Dates

• 2024-05-15: Annual Meeting of Stockholders — Key date for shareholder voting and participation.

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 annual meeting, following previous filings related to prior fiscal years and corporate actions.

Filing Documents

• kro-20240515xdef14a.htm (DEF 14A) — 867KB
• kro-20240515xdef14a001.jpg (GRAPHIC) — 15KB
• kro-20240515xdef14a002.jpg (GRAPHIC) — 7KB
• kro-20240515xdef14a003.jpg (GRAPHIC) — 8KB
• kro-20240515xdef14a004.jpg (GRAPHIC) — 3KB
• kro-20240515xdef14a011.jpg (GRAPHIC) — 57KB
• kro-20240515xdef14a012.jpg (GRAPHIC) — 50KB
• kro-20240515xdef14a014.jpg (GRAPHIC) — 8KB
• kro-20240515xdef14a015.gif (GRAPHIC) — 0KB
• kro-20240515xdef14a017.gif (GRAPHIC) — 2KB
• kro-20240515xdef14a018.gif (GRAPHIC) — 2KB
• 0001257640-24-000019.txt (&nbsp;) — 1738KB
• kro-20240515.xsd (EX-101.SCH) — 4KB
• kro-20240515_def.xml (EX-101.DEF) — 3KB
• kro-20240515_lab.xml (EX-101.LAB) — 7KB
• kro-20240515_pre.xml (EX-101.PRE) — 5KB
• kro-20240515xdef14a_htm.xml (XML) — 109KB

SECURITY OWNERSHIP

SECURITY OWNERSHIP 5 5 7 PROPOSAL 1: ELECTION OF DIRECTORS 8 Nominees for Director 8 EXECUTIVE OFFICERS 11 CORPORATE GOVERNANCE 13 Controlled Company Status, Director Independence and Committees 13 2023 Meetings and Standing Committees of the Board of Directors 13 Audit Committee 13 Management Development and Compensation Committee 13 Risk Oversight 14 Identifying and Evaluating Director Nominees 14 Leadership Structure of the Board of Directors and Independent Director Meetings 15 Stockholder Proposals and Director Nominations for the 2025 Annual Meeting of Stockholders 15 Communications with Directors 15 Compensation Committee Interlocks and Insider Participation 16 Code of Business Conduct and Ethics 16 Corporate Governance Guidelines 16 Availability of Corporate Governance Documents 16 Employee, Officer and Director Hedging 16 COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS AND OTHER INFORMATION 17 Compensation Discussion and Analysis 17 Compensation Committee Report 21 Summary of Cash and Certain Other Compensation of Executive Officers 22 No Grants of Plan-Based Awards 23 No Outstanding Equity Awards at December 31, 2023 23 No Option Exercises or Stock Vested 23 Pension Benefits 23 Nonqualified Deferred Compensation 23 Pay Ratio Disclosure 23 Director Compensation 24 Pay Versus Performance 26 Compensation Policies and Practices as They Relate to Risk Management 27 Compensation Consultants 28 SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 28 CERTAIN RELATIONSHIPS AND TRANSACTIONS 29 Related Party Transaction Policy 29 Relationships with Related Parties 29 Intercorporate Services Agreements 30 Risk Management Program 30 Tax Matters 32 Related Party Loans for Cash Management Purposes 33 Subordinated, Unsecured Term Loan from Contran 33 IT Data Services Program 3

SECURITY OWNERSHIP

SECURITY OWNERSHIP Kronos Worldwide Common Stock (1) Amount and Nature of Percent of Name of Beneficial Owner Beneficial Ownership Class (2) 5% Stockholder: Harold C. Simmons Family Trust No. 2 93,346,984 (3)(4) 81.2% Lisa K. Simmons 93,346,984 (3)(4) 81.2% Directors and Named Executive Officers: James M. Buch 300 (5) * Loretta J. Feehan 16,900 (5) * John E. Harper 11,900 (5) * Kevin B. Kramer 5,910 (5) * Meredith W. Mendes 9,400 (5) * Cecil H. Moore, Jr. 26,424 (5) * Michael S. Simmons -0- (5) -0- R. Gerald Turner 27,696 (5) * Brian W. Christian -0- (5) -0- Benjamin R. Corona 500 (5) * Tim C. Hafer -0- (5) -0- John A. Sunny -0- (5) -0- Current directors and executive officers as a group (22 persons) 118,983 (5) * * Less than 1%. (1) Beneficial ownership as reported in the above table has been determined in accordance with Rule 13d-3 under the Securities Exchange Act and is not necessarily indicative of beneficial ownership for any other purpose. Except as otherwise noted, the listed entities, individuals or group have sole investment powe

View Full Filing

View this DEF 14A filing on SEC EDGAR