COMPX ANNOUNCES REGULAR QUARTERLY DIVIDEND AND RESULTS OF THE ANNUAL STOCKHOLDER MEETING

Rhea-AI Summary

CompX International (NYSE American: CIX) announced a regular quarterly dividend of $0.30 per share for its class A common stock, payable on June 18, 2024, to stockholders of record on June 10, 2024.

During the annual stockholder meeting on May 22, 2024, CompX stockholders elected eight directors for a one-year term and approved, on a nonbinding advisory basis, the compensation of its named executive officers. CompX is a prominent manufacturer of security products and recreational marine components.

Positive

• Announcement of a regular quarterly dividend of $0.30 per share.
• Dividend payable on June 18, 2024, indicating a return on investment to shareholders.
• Stockholders elected eight directors for a one-year term, ensuring continuity in leadership.
• Approval of executive compensation suggests shareholder alignment with management.

Negative

• The approval of executive compensation was nonbinding, which may limit its impact.
• No mention of financial performance or earnings, leaving investors without a clear picture of the company’s financial health.

Dallas, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American:  CIX) announced today that its board of directors has declared CompX’s regular quarterly dividend of thirty cents ($0.30) per share on its class A common stock, payable on June 18, 2024 to stockholders of record at the close of business on June 10, 2024.

CompX also announced that at its annual stockholder meeting held on May 22, 2024, its stockholders:

• elected each of Thomas E. Barry, Loretta J. Feehan, Terri L. Herrington, Scott C. James, Ann Manix, Gina A. Norris, Michael S. Simmons and Mary A. Tidlund as a director for a one-year term; and
• adopted a resolution that approved, on a nonbinding advisory basis, the compensation of its named executive officers as disclosed in the proxy statement for the 2024 annual stockholder meeting.

CompX is a leading manufacturer of security products and recreational marine components.

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Investor Relations Contact

Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700

FAQ

When is CompX's next dividend payout date for 2024?

CompX's next dividend payout date is June 18, 2024.

What is the dividend amount declared by CompX for its class A common stock?

The dividend amount declared is $0.30 per share.

Who was elected to CompX's board of directors in 2024?

Thomas E. Barry, Loretta J. Feehan, Terri L. Herrington, Scott C. James, Ann Manix, Gina A. Norris, Michael S. Simmons, and Mary A. Tidlund were elected.

When was CompX's 2024 annual stockholder meeting held?

The annual stockholder meeting was held on May 22, 2024.

What was approved on a nonbinding advisory basis at CompX's 2024 annual meeting?

The compensation of named executive officers was approved on a nonbinding advisory basis.