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United States. Securities and Exchange Commission

CompX International Inc. Announces Leadership Changes and Executive Promotions

Strategic Insights

— 1 min read

CompX International Inc., a global leader in the design, engineering, and manufacturing of engineered products for various industries, has announced key leadership changes and promotions effective June 1, 2021. In a filing with the Securities and Exchange Commission (SEC), the company disclosed the appointment of Michael S. Simmons as senior vice president and chief financial officer, replacing Amy Allbach Samford, who will assume the role of senior vice president and chief financial officer of the company's affiliates Valhi, Inc. and NL Industries, Inc.

Key Takeaways:

  • Michael S. Simmons, age 49, has been elected as senior vice president and chief financial officer of CompX International Inc., effective June 1, 2021.
  • Simmons has served in various accounting and financial positions, including officer positions, in companies related to CompX International Inc. and Contran since 2018.
  • Simmons previously served as vice president and chief accounting officer of Valhi and vice president, finance of Kronos Worldwide.
  • Amy E. Ruf continues to serve as the registrant's vice president and controller.
  • The company's board of directors appointed Simmons, who is an employee of Contran and provides his services under an intercorporate services agreement between CompX International Inc. and Contran.
  • The filing discloses potential conflicts of interest of officers who serve more than one corporation, as described in the 2021 proxy statement.

Statistics:

  • Age of newly appointed senior vice president and chief financial officer Michael S. Simmons: 49
  • Total years of experience in accounting and financial positions, including officer positions, served by Simmons: 17 (from 1994 to 2018 at PricewaterhouseCoopers LLP and 3 years since 2018 in companies related to CompX International Inc. and Contran)
  • Number of companies whereby Simmons has served in accounting and financial positions: at least 4, including CompX International Inc., Valhi, Inc., NL Industries, Inc., and Kronos Worldwide
  • Number of years Simmons served as a managing director at PricewaterhouseCoopers LLP: at least 10 years (from 1994 to 2018)

Sources:

  • United States Securities and Exchange Commission, [https://www.sec.gov](https://www.sec.gov), Form 8-K (Current Report) Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934, filed on June 2, 2021.

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