NL Industries Enters Material Definitive Agreement
Ticker: NL · Form: 8-K · Filed: Feb 13, 2025 · CIK: 72162
| Field | Detail |
|---|---|
| Company | Nl Industries Inc (NL) |
| Form Type | 8-K |
| Filed Date | Feb 13, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $151.1 m, $56.1 m, $35 m, $10.55 million, $9.6 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
NL Industries signed a big deal, details TBD.
AI Summary
On February 10, 2025, NL Industries, Inc. entered into a material definitive agreement. The filing does not provide specific details about the agreement, its counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant new contract or partnership for NL Industries, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.
Key Players & Entities
- NL Industries, Inc. (company) — Registrant
- February 10, 2025 (date) — Date of earliest event reported
- New Jersey (jurisdiction) — State of incorporation
- Dallas, Texas (location) — Principal executive offices
FAQ
What type of material definitive agreement did NL Industries, Inc. enter into?
The filing states that NL Industries, Inc. entered into a material definitive agreement, but does not specify the nature of the agreement.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the name of the other party involved in the material definitive agreement.
What is the effective date of this material definitive agreement?
The earliest event reported in relation to this agreement is February 10, 2025.
Are there any financial terms or obligations associated with this agreement disclosed in the filing?
No, the filing does not provide any details regarding financial terms or obligations related to the material definitive agreement.
Where are NL Industries, Inc.'s principal executive offices located?
NL Industries, Inc.'s principal executive offices are located at 5430 LBJ Freeway, Suite 1700, Dallas, Texas 75240-2620.
Filing Stats: 894 words · 4 min read · ~3 pages · Grade level 9 · Accepted 2025-02-13 16:18:18
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 — erms of the consent decree, NL will pay $56.1 million, plus interest, toward the global
- $35 m — agreed to a structured settlement with $35 million, plus $.5 million in stipulated i
- $10.55 million — settlement. Two additional payments of $10.55 million each, plus interest, are due 6 months a
- $9.6 million — t decree, NL will receive approximately $9.6 million from the other private companies, which
- $31.4 million — gnize aggregate income of approximately $31.4 million in the first quarter of 2025 related to
Filing Documents
- nl-20250210x8k.htm (8-K) — 46KB
- 0000072162-25-000003.txt ( ) — 164KB
- nl-20250210.xsd (EX-101.SCH) — 3KB
- nl-20250210_lab.xml (EX-101.LAB) — 16KB
- nl-20250210_pre.xml (EX-101.PRE) — 10KB
- nl-20250210x8k_htm.xml (XML) — 5KB
01
Item 1.01 Entry into a Material Definitive Agreement. On February 10, 2025, the United States District Court for the District of New Jersey entered an order approving a consent decree relating to the Raritan Bay Slag Superfund Site ("RBS Site") in Middlesex County, New Jersey. The 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 RBS Site. The consent decree is a global settlement of all such claims relating to the RBS Site and resolves a lawsuit captioned United States of America, et al. v. NL Industries, Inc., et al. (United States District Court for the District of New Jersey, Civil Action No. 3:24-cv-08946) as well as all claims asserted by NL and the 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 consent decree, NL will pay $56.1 million, plus interest, toward the global settlement. NL has agreed to a structured settlement with $35 million, plus $.5 million in stipulated interest, due within 7 business days of the order approving the settlement. Two additional payments of $10.55 million each, plus interest, are due 6 months and 12 months, respectively, after the date of the initial payment. NL can prepay the installments early and without penalty. Under the terms of the consent decree, NL will receive approximately $9.6 million from the other private companies, which funds are in escrow for NL's benefit. A full copy of the consent decree is available at: https://www.justice.gov/enrd/media/1366311/dl?inline. NL has elected to