Valhi, Inc. Declares Dividend and Highlights Stockholder Meeting
Valhi, Inc. Declares Quarterly Cash Dividend
Dallas, Texas — Valhi, Inc. (NYSE: VHI) has made a significant announcement regarding its financial performance and shareholder engagements. The company's board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share. This dividend is set to be paid on June 26 to stockholders who are on record by the close of business on June 9.
Annual Stockholder Meeting Highlights
In addition to the dividend declaration, Valhi recently held its annual stockholder meeting. This event is crucial as it brings together shareholders to discuss the company’s direction and decisions. During the meeting, several key accomplishments were shared, reflecting the company’s commitment to transparency and growth.
Election of Directors
One of the major highlights from the meeting was the election of new board members. Stockholders voted to elect a strong slate of directors for one-year terms, including Thomas E. Barry, Loretta J. Feehan, Terri L. Herrington, W. Hayden McIlroy, Gina A. Norris, Michael S. Simmons, and Mary A. Tidlund. Their diverse backgrounds and expertise are expected to contribute positively to Valhi's strategic goals.
Compensation Approval for Executives
Another important resolution adopted during the meeting involved the approval of executive compensation. This nonbinding advisory vote reflects the shareholders' support of the remuneration packages for the company’s named executive officers, as detailed in the proxy statement prepared for the meeting. Such transparency is essential for maintaining shareholder trust and confidence in the company's governance.
Valhi’s Business Operations
Valhi, Inc. operates across various industries, primarily focusing on chemicals, component products, and real estate management. The company is known for producing titanium dioxide (TiO2), which serves as a key ingredient in numerous products, including coatings and plastics. Additionally, Valhi offers security products and recreational marine components, showcasing its diverse portfolio.
Commitment to Shareholders
The recent announcements reflect Valhi's ongoing commitment to its shareholders and the community. The declared dividend, in conjunction with the outcomes of the annual meeting, signifies a proactive approach to shareholder engagement and corporate governance. It emphasizes the importance of maintaining open lines of communication and ensuring that stockholders are informed about decisions that impact their investments.
Future Outlook
Looking ahead, Valhi plans to continue its focus on strategic growth and value creation for its shareholders. The company is dedicated to exploring opportunities that enhance its market position and profitability while remaining committed to sustainable practices and community involvement.
Contact Information
For further inquiries, interested parties can reach out to Valhi’s investor relations contact:
Contacts:
Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700
Frequently Asked Questions
What is the declared dividend amount by Valhi, Inc.?
Valhi, Inc. has declared a quarterly cash dividend of eight cents ($0.08) per share.
When will the dividend be payable?
The declared dividend will be payable on June 26 to stockholders recorded as of June 9.
Who were elected as directors during the annual meeting?
Directors elected include Thomas E. Barry, Loretta J. Feehan, Terri L. Herrington, W. Hayden McIlroy, Gina A. Norris, Michael S. Simmons, and Mary A. Tidlund.
What resolution was passed regarding executive compensation?
A resolution was adopted to approve, on a nonbinding advisory basis, the compensation of the named executive officers as disclosed in the proxy statement.
What industries does Valhi, Inc. operate in?
Valhi, Inc. operates in the chemicals industry, specifically in TiO2, security products, recreational marine components, and real estate management.
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