Valhi, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Valhi, Inc. is holding its 2024 annual stockholder meeting on May 23, 2024, urging prompt voting.</b>

AI Summary

VALHI INC /DE/ (VHI) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. The 2024 annual meeting of stockholders for Valhi, Inc. will be held on May 23, 2024. The meeting will take place at 10:00 a.m. local time at Three Lincoln Centre Conference Center in 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 Michael S. Simmons, Vice Chairman, President and CEO, signed the notice.

Why It Matters

For investors and stakeholders tracking VALHI INC /DE/, this filing contains several important signals. The filing is a Definitive Proxy Statement (DEF 14A), indicating it's the final version provided to shareholders for voting on corporate matters. The company is soliciting votes for its annual meeting, a standard procedure for public companies to ensure shareholder participation in corporate governance.

Risk Assessment

Risk Level: — VALHI INC /DE/ shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, 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 influence corporate governance.

Key Numbers

• 2024 — Annual Meeting Year (2024 annual meeting of stockholders)
• May 23 — Meeting Date (May 23, 2024)
• 10:00 a.m. — Meeting Time (10:00 a.m., local time)
• 0000059255-24-000029 — Filing Number (0000059255-24-000029)
• 20240403 — Filing Date (20240403)

Key Players & Entities

• VALHI INC /DE/ (company) — VALHI INC /DE/
• Michael S. Simmons (person) — Michael S. SimmonsMember
• Robert D. Graham (person) — Robert D. GrahamMember
• Loretta J. Feehan (person) — Loretta J. Feehan Chair of the Board
• May 23, 2024 (date) — May 23, 2024
• April 3, 2024 (date) — April 3, 2024
• Dallas, Texas (location) — Dallas, Texas 75240-2620
• Three Lincoln Centre (location) — Three Lincoln Centre

FAQ

Industry Context

Valhi, Inc. operates in the industrial inorganic chemicals sector. This filing is a routine proxy statement for its annual shareholder meeting.

Regulatory Implications

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

What Investors Should Do

1. Review the proxy statement for proposals and director nominations.
2. Vote your shares by the meeting date to ensure your voice is heard.
3. Attend the annual meeting on May 23, 2024, if possible.

Key Dates

• 2024-05-23: Annual Meeting of Stockholders — Key date for shareholder voting and participation.
• 2024-04-03: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, which is the definitive proxy statement for the upcoming annual meeting, following preliminary filings or as the primary disclosure document.

Filing Documents

• vhl-20240523xdef14a.htm (DEF 14A) — 1069KB
• vhl-20240523xdef14a001.jpg (GRAPHIC) — 11KB
• vhl-20240523xdef14a002.jpg (GRAPHIC) — 4KB
• vhl-20240523xdef14a003.jpg (GRAPHIC) — 7KB
• vhl-20240523xdef14a004.jpg (GRAPHIC) — 2KB
• vhl-20240523xdef14a014.jpg (GRAPHIC) — 55KB
• vhl-20240523xdef14a015.jpg (GRAPHIC) — 47KB
• vhl-20240523xdef14a017.jpg (GRAPHIC) — 3KB
• vhl-20240523xdef14a018.jpg (GRAPHIC) — 1KB
• vhl-20240523xdef14a019.jpg (GRAPHIC) — 1KB
• vhl-20240523xdef14a020.jpg (GRAPHIC) — 4KB
• vhl-20240523xdef14a021.jpg (GRAPHIC) — 3KB
• 0000059255-24-000029.txt (&nbsp;) — 1912KB
• vhl-20240523.xsd (EX-101.SCH) — 4KB
• vhl-20240523_def.xml (EX-101.DEF) — 3KB
• vhl-20240523_lab.xml (EX-101.LAB) — 6KB
• vhl-20240523_pre.xml (EX-101.PRE) — 4KB
• vhl-20240523xdef14a_htm.xml (XML) — 114KB

SECURITY OWNERSHIP

SECURITY OWNERSHIP 5 5 7 PROPOSAL 1: ELECTION OF DIRECTORS 8 Nominees for Director 8 EXECUTIVE OFFICERS 10 CORPORATE GOVERNANCE 12 Controlled Company Status, Director Independence and Committees 12 2023 Meetings and Standing Committees of the Board of Directors 12 Audit Committee 12 Management Development and Compensation Committee 12 Risk Oversight 13 Identifying and Evaluating Director Nominees 13 Leadership Structure of the Board of Directors and Independent Director Meetings 14 Stockholder Proposals and Director Nominations for the 2025 Annual Meeting of Stockholders 14 Communications with Directors 14 Compensation Committee Interlocks and Insider Participation 15 Code of Business Conduct and Ethics 15 Corporate Governance Guidelines 15 Availability of Corporate Governance Documents 15 Employee, Officer and Director Hedging 15 COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS AND OTHER INFORMATION 16 Compensation Discussion and Analysis 16 Compensation Committee Report 18 Summary of Cash and Certain Other Compensation of Executive Officers 19 No Grants of Plan-Based Awards 20 No Outstanding Equity Awards at December 31, 2023 20 No Option Exercises or Stock Vested 20 Pension Benefits 20 Nonqualified Deferred Compensation 20 Pay Ratio Disclosure 20 Director Compensation 21 Pay Versus Performance 23 Compensation Policies and Practices as They Relate to Risk Management 24 Compensation Consultants 25 SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 25 CERTAIN RELATIONSHIPS AND TRANSACTIONS 25 Related Party Transaction Policy 25 Relationships with Related Parties 26 Intercorporate Services Agreements 26 Risk Management Program 27 Tax Matters 29 Related Party Loans for Cash Management Purposes 29 Subordinated, Unsecured Term Loan from Contran to Kronos Worldwide 30 IT Data Services Pr

SECURITY OWNERSHIP

SECURITY OWNERSHIP Valhi Common Stock (1) Amount and Nature of Percent of Name of Beneficial Owner Beneficial Ownership Class (2) 5% Stockholders Harold C. Simmons Family Trust No. 2 25,862,190 (3)(4) 91.4 % Lisa K. Simmons 25,862,190 (3)(4) 91.4 % Directors and Named Executive Officers Thomas E. Barry 9,232 (5) * Loretta J. Feehan 5,191 (5) * Terri L. Herrington 4,608 (5) * W. Hayden McIlroy 7,149 (5)(6) * Gina A. Norris -0- (5) -0- Michael S. Simmons -0- (5) -0- Mary A. Tidlund 4,941 (5) * Andrew B. Nace -0- (5) -0- Courtney J. Riley -0- (5) -0- Amy A. Samford 1,000 (5) * John A. Sunny -0- (5) -0- Current directors and executive officers as a group (17 persons) 34,621 (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 power and sole voting power as to all shares

View Full Filing

View this DEF 14A filing on SEC EDGAR