CompX International Declares Quarterly Dividend and Elects Directors
CompX International Declares Quarterly Dividend
CompX International Inc. (NYSE: CIX) has made an important announcement regarding its quarterly dividend. The board of directors has declared a dividend of thirty cents ($0.30) per share for its class A common stock. This dividend is set to be paid on June 17, 2025, to stockholders who hold shares by the close of business on June 9, 2025.
Annual Stockholder Meeting Highlights
In conjunction with the dividend announcement, CompX held its annual stockholder meeting where several key decisions were made. Stockholders took part in the election of directors for the upcoming year. Renowned names such as Thomas E. Barry, Loretta J. Feehan, and Scott C. James were re-elected for their positions, affirming their continued leadership in the company. This re-election signifies trust in these individuals to steer CompX towards a prosperous future.
Board of Directors Elected
During the annual meeting, stockholders elected not just one but several directors for a term of one year. The complete list includes esteemed individuals like Terri L. Herrington, Ann Manix, Gina A. Norris, Michael S. Simmons, and Mary A. Tidlund. Each of these directors brings a wealth of experience and dedication to their roles, which is instrumental in guiding CompX.
Compensation Resolution Approved
CompX’s stockholders also approved a non-binding advisory resolution regarding the compensation of its named executive officers. This resolution aligns with the disclosures provided in the proxy statement prepared for the annual stockholder meeting. The approval of this resolution reflects the stockholders’ confidence in the management and their strategies moving forward.
About CompX International
CompX International continues to be a leading name in the manufacturing of security products and components used in recreational marine industries. Their reputation for quality and innovation secures their position in the market, ensuring a committed customer base and operational success.
Commitment to Stakeholders
As a company, CompX is dedicated to maintaining transparency with its stockholders and continues to prioritize clear communication. The recent announcements of dividends and stockholder meeting results showcase their ongoing commitment to shareholder value and corporate governance.
Investor Relations
For further inquiries, investors and stakeholders can reach out to:
Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700
Frequently Asked Questions
What is the declared dividend for CompX International?
CompX International has declared a quarterly dividend of thirty cents ($0.30) per share.
When is the dividend payment date?
The dividend will be paid on June 17, 2025.
Who were elected as directors at the annual stockholder meeting?
Directors elected include Thomas E. Barry, Loretta J. Feehan, and six others.
What was approved regarding executive compensation?
A non-binding resolution approving executive compensation was adopted at the meeting.
How can stakeholders contact CompX for more information?
Stakeholders can reach out to Bryan A. Hanley, Senior Vice President and Treasurer, at 972-233-1700.
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