NL Industries Files 8-K: Other Events Reported

TL;DR

NL Industries filed an 8-K for 'Other Events' on 9/4. Details TBD.

AI Summary

NL Industries, Inc. filed an 8-K on September 5, 2024, reporting "Other Events" as of September 4, 2024. The filing does not contain specific details about the nature of these events, dollar amounts, or other named entities.

Why It Matters

This filing indicates a material event has occurred for NL Industries, Inc. that requires public disclosure, though the specifics are not yet detailed.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' without immediate disclosed financial impact or significant corporate changes.

Key Players & Entities

• NL Industries, Inc. (company) — Registrant
• 0000072162 (company) — Central Index Key
• 13-5267260 (company) — IRS Employer Identification No.
• September 4, 2024 (date) — Date of earliest event reported
• September 5, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $151.1 m — her private companies to pay a total of $151.1 million, plus interest, to resolve all fe
• $56.1 m — ed consent decree, NL has agreed to pay $56.1 million, plus interest, toward the global
• $35 m — agreed to a structured settlement with $35 million, plus interest, due within 7 busi
• $10.55 million — sent decree. Two additional payments of $10.55 million each, plus interest, will be due 6 mont
• $56.1 million — he date of the initial payment. Of NL's $56.1 million payment obligation, NL expects to recov
• $9.57 million — yment obligation, NL expects to recover $9.57 million from the twenty-two other private compa

Filing Documents

• nl-20240904x8k.htm (8-K) — 42KB
• 0000072162-24-000031.txt ( ) — 159KB
• nl-20240904.xsd (EX-101.SCH) — 3KB
• nl-20240904_lab.xml (EX-101.LAB) — 16KB
• nl-20240904_pre.xml (EX-101.PRE) — 10KB
• nl-20240904x8k_htm.xml (XML) — 5KB

01

Item 8.01 Other Events On September 4, 2024, the United States of America, on behalf of several agencies of the United States, joined by the New Jersey Department of Environmental Protection ("NJDEP"), the Commissioner of the NJDEP, and the Administrator of the New Jersey Spill Compensation Fund, filed a complaint and concurrently lodged a proposed consent decree with the United States District Court for the District of New Jersey in a lawsuit captioned United States of America, et al. v. NL Industries, Inc., et al. (Civil Action No. 3:24-cv-08946). The proposed consent decree requires the United States Army Corps of Engineers (and other federal agencies), the State of New Jersey, the Township of Old Bridge, NL, and twenty-two other private companies to pay a total of $151.1 million, plus interest, to resolve all federal and state law claims for past and future response costs under CERCLA and the NJ Spill Act, including natural resource damages, contribution, and indemnification, relating to the Raritan Bay Slag Superfund Site ("the RBS Site"). If approved by the court, the proposed consent decree will be a global settlement of all such claims relating to the RBS Site, including all the claims asserted by NL and other settling parties in NL Industries, Inc. v. Old Bridge Township, et al. (United States District Court for the District of New Jersey, Civil Action No. 3:13-cv-03943). Under the terms of the proposed consent decree, NL has agreed to pay $56.1 million, plus interest, toward the global settlement. NL has agreed to a structured settlement with $35 million, plus interest, due within 7 business days of judicial approval of the consent decree. Two additional payments of $10.55 million each, plus interest, will be due 6 months and 12 months, respectively, after the date of the initial payment. Of NL's $56.1 million payment obligation, NL expects to recover $9.57 million from the twenty-two other private companies as part of the global settlement. All monet

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