News Release
VALHI ANNOUNCES ONE-FOR-TWELVE REVERSE STOCK SPLIT, QUARTERLY CASH DIVIDEND AND RESULTS OF ANNUAL STOCKHOLDER MEETING
No fractional shares will be issued in connection with the reverse stock split. Stockholders otherwise entitled to receive a fractional share as a result of the reverse stock split will receive a cash payment in lieu of such fractional shares. As part of the amendment to the company’s certificate of incorporation effecting the reverse stock split, the number of authorized shares of Valhi’s common stock and preferred stock will be reduced to 50,000,000 and 500,000, respectively. Additional information regarding the reverse stock split can be found in the company’s definitive proxy statement filed with the Securities and Exchange Commission on April 7, 2020.
In addition to the objectives of the reverse stock split when approved by the company’s board in
The company also announced today that its board of directors has declared a quarterly dividend of
- elected each of
Thomas E. Barry ,Loretta J. Feehan ,Robert D. Graham ,Terri L. Herrington ,W. Hayden McIlroy andMary 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 2020 annual stockholder meeting.
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SOURCE:Valhi, Inc. CONTACT:Janet G. Keckeisen , Vice President, Corporate Strategy and Investor Relations, 972.233.1700
Source: Valhi, Inc.