Kronos Worldwide, Inc. Announces Quarterly Dividend and Results of Annual Stockholder Meeting

Rhea-AI Summary

Kronos Worldwide, Inc. (NYSE: KRO) declared a quarterly dividend of $0.19 per share, payable on June 16, 2022, to stockholders of record by June 6, 2022. During its 2022 annual stockholder meeting, shareholders elected new board members and approved the compensation for executive officers. The board size increased from seven to nine members, with R. Colin Gouveia and James M. Buch elected to fill the new seats. Kronos is a leading global manufacturer of titanium dioxide products.

Positive

• Declaration of a $0.19 per share dividend, demonstrating commitment to returning value to shareholders.
• Election of experienced directors signifying strong governance.
• Increase in board size may enhance decision-making capabilities.

Negative

• None.

News Market Reaction – KRO

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In the trading session that priced this news, KRO gained 9.34%, reflecting a notable positive market reaction.

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Dallas, Texas, May 18, 2022 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

Kronos Worldwide, Inc. (NYSE: KRO) announced that its board of directors has declared a regular quarterly dividend of nineteen cents ($0.19) per share on its common stock, payable on June 16, 2022 to stockholders of record at the close of business on June 6, 2022.

Kronos Worldwide also announced that at its 2022 annual stockholder meeting held today its stockholders had:

• elected each of Loretta J. Feehan, Robert D. Graham, John E. Harper, Meredith W. Mendes, Cecil H. Moore, Jr., Thomas P. Stafford, and R. Gerald Turner 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 2022 annual stockholder meeting.

Following the annual meeting of stockholders, today the Kronos Worldwide board of directors increased the size of the board from seven to nine and elected R. Colin Gouveia and James M. Buch to fill the newly created vacancies.  The board of directors also appointed Mr. Gouveia to serve on its audit committee. 

Kronos Worldwide, Inc. is a major international producer of titanium dioxide products.

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Contact: Janet Keckeisen, Vice President, Investor Relations, (972) 233-1700

FAQ

When will the dividend for KRO be paid?

The dividend will be paid on June 16, 2022.

What is the amount of the dividend declared by KRO?

The declared dividend is $0.19 per share.

Who were elected to the KRO board during the annual meeting?

Loretta J. Feehan, Robert D. Graham, John E. Harper, Meredith W. Mendes, Cecil H. Moore, Jr., Thomas P. Stafford, R. Gerald Turner, R. Colin Gouveia, and James M. Buch were elected.

What is the significance of increasing the board size for KRO?

Increasing the board size may enhance governance and decision-making.