Kronos Worldwide Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Kronos Worldwide Inc. on November 16, 2004. The report addresses corporate governance changes effective as of the filing date.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and board composition changes.
Material Changes
Effective November 16, 2004, the Board of Directors expanded the number of board members and elected Mr. Keith R. Coogan to fill the newly created vacancy. Mr. Coogan was also appointed to the Audit Committee.
Management Commentary and Risks
Mr. Coogan, age 52, brings significant experience as an "audit committee financial expert." His background includes serving as a director and audit committee chairman for affiliates CompX International, Inc. and Keystone Consolidated Industries, Inc. He is the Chief Executive Officer of Software Spectrum, Inc., a subsidiary of Level 3 Communications, Inc., and previously held executive roles at that company from 1990 to 2002.
Key Facts for Investor Verification
- Keith R. Coogan was elected as a new Director on November 16, 2004.
- Mr. Coogan was appointed to the Audit Committee.
- Mr. Coogan is identified as an "audit committee financial expert."
- The Board size was increased to accommodate this new appointment.