Kronos Worldwide, Inc. Declares Dividend and Shareholder Updates
Kronos Worldwide, Inc. Dividend Announcement
Kronos Worldwide, Inc. (NYSE: KRO) has made an exciting announcement regarding its regular quarterly dividend. Stockholders will receive five cents ($0.05) per share on their common stock. This dividend is scheduled to be paid on June 18. To qualify, stockholders must hold their shares through the close of business on June 9.
Highlights from the Annual Stockholder Meeting
During the annual stockholder meeting, stockholders participated in important decisions that shape the company's future. Notably, they elected several board members for a one-year term. The board includes:
Board Members Elected
The elected directors are James M. Buch, Loretta J. Feehan, John E. Harper, Kevin B. Kramer, Meredith W. Mendes, Cecil H. Moore, Jr., Michael S. Simmons, and R. Gerald Turner. This diverse group of directors brings valuable experience and leadership to Kronos Worldwide.
Executive Compensation Approval
Additionally, the stockholders adopted a resolution that approves, on a nonbinding advisory basis, the compensation of the company's named executive officers. This approval highlights transparency and alignment with stockholder interests as outlined in the proxy statement for the annual meeting.
Company Overview
Kronos Worldwide, Inc. stands out as a leading international producer of titanium dioxide products. This critical ingredient is widely used in various industries, contributing to the production of paints, coatings, plastics, and more. The company is committed to innovation and quality in its product offerings.
Looking Forward
As Kronos Worldwide continues to grow and adapt to market demands, the board is focused on promoting sustainable practices and investing in research and development. They aim to maintain strong financial performance while delivering value to stockholders.
Investor Relations
For more inquiries, investors and stakeholders can reach out to:
Investor Relations Contact
Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700
Frequently Asked Questions
What is the value of the dividend declared by Kronos Worldwide?
The declared dividend is five cents ($0.05) per share on common stock.
When will the dividend be paid to shareholders?
The dividend will be paid on June 18.
Who were elected as directors at the annual stockholder meeting?
The elected directors include James M. Buch, Loretta J. Feehan, John E. Harper, and others.
What was the outcome regarding executive compensation?
Stockholders approved the compensation of named executive officers on a nonbinding advisory basis.
What is the primary business of Kronos Worldwide?
Kronos Worldwide is a major international producer of titanium dioxide products utilized in various industries.
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