Company: KRO
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001257640-25-000009
Chunk: 24

Company: KRONOS WORLDWIDE INC
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 24
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 and took action by written consent on one occasion in 2024. Each of our incumbent directors attended at least 90% of the board meetings and meetings of the committees on which he or she served that were held while he or she was in office during 2024. It is expected that each director nominee will attend our 2025 annual meeting of stockholders, which is held immediately before the annual meeting of the board of directors. All of our directors who were elected at our 2024 annual stockholder meeting attended such meeting. The board of directors has established and delegated authority to two standing committees, which are described below. The board of directors is expected to elect the members of the standing committees at the board of directors annual meeting immediately following the annual stockholder meeting. The board of directors from time to time may establish other committees to assist it in the discharge of its responsibilities. Audit Committee. Our audit committee assists with the board of directors’ oversight responsibilities relating to our financial accounting and reporting processes and auditing processes, and to our management of risk. The purpose, authority, resources and responsibilities of our audit committee are more specifically set forth in its charter. Applying the requirements of the NYSE corporate governance standards (without additional categorical standards) and SEC regulations, as applicable, the board of directors has determined that:

| ● | each member of our audit committee is independent, financially literate and has no material relationship with us other than serving as our director; and |

| ● | Cecil H. Moore, Jr., John E. Harper and Meredith W. Mendes are each an “audit committee financial expert.” |

No member of our audit committee serves on more than three public company audit committees. For further information on the role of our audit committee, see the Audit Committee Report in this proxy statement. The current members of our audit committee are Cecil H. Moore, Jr. (chairman), Kevin B. Kramer, John E. Harper, Meredith W. Mendes and R. Gerald Turner. Our former director Thomas P. Stafford was a member of our audit committee until his death in March 2024. Our audit committee held nine meetings in 2024. Management Development and Compensation Committee. The principal responsibilities of our management development and compensation committee are:

| ● | to recommend to the board of directors whether or not to approve any proposed charge to us or any of our privately held subsidiaries pursuant to our ISA with Contran; |

| ● | to review certain matters regarding our employee benefit plans or programs, including discretionary incentive bonuses and salaries we