COMPX International Inc. Announces Departure of Director Robert D. Graham and Appointment of New Vice Chairman

Strategic Insights -

CompX International Inc. has announced the retirement of Robert D. Graham, vice chairman of the board, effective December 31, 2022. Graham's retirement will also involve his departure as an officer and director from affiliates Valhi, Inc., Kronos Worldwide, Inc., and NL Industries, Inc. In connection with Graham's retirement, the board of directors has appointed Michael S. Simmons as vice chairman of the board, effective January 1, 2023. Simmons has served as a director and executive vice president of CompX International Inc. since June 2022 and has a long history in accounting and financial positions, including a tenure at PwC from 1994 to 2018.

Key Takeaways:

  • Robert D. Graham, vice chairman of the board, has provided notice of his retirement, effective December 31, 2022, as a director and officer of CompX International Inc.
  • Graham's retirement will also involve his departure as an officer and director from affiliates Valhi, Inc., Kronos Worldwide, Inc., and NL Industries, Inc.
  • Michael S. Simmons has been appointed as vice chairman of the board of CompX International Inc., effective January 1, 2023
  • Simmons has served as a director and executive vice president of CompX International Inc. since June 2022 and has experience in accounting and financial positions
  • Simmons will continue to serve as a director and executive vice president of Contran Corporation, the privately-held parent corporation of CompX International Inc.

Statistics:

  • The size of the CompX International Inc. board of directors will be reduced from nine to eight members upon Graham's retirement
  • Simmons has served in various accounting and financial positions since 2018 and was most recently employed by PwC from 1994 to 2018
  • Simmons is an employee of Contran Corporation and provides his services to CompX International Inc. under an intercorporate services agreement

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) December 12, 2022 COMPX INTERNATIONAL INC.