Company: KRO
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001257640-25-000009
Chunk: 52

Company: KRONOS WORLDWIDE INC
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 52
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 of the Contran Term Loan in comparison to such notes, our global revolving credit facility and the comparable debt transactions reviewed. |

As part of such August 2024 presentation to our audit committee, our chief financial officer, after consultation with our treasurer and other members of our management, advised the audit committee that he believed the terms of the amended Contran Term Loan are fair and reasonable to us, and are on terms no less favorable than we could otherwise obtain from unrelated parties, and provided the audit committee with his recommendation that they approve the amended

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Contran Term Loan. After considering the information contained in the presentations, including the recommendation of our chief financial officer, our audit committee approved the amended Contran Term Loan. IT Data Services Program . We and Contran participate in a combined information technology data services program that Contran provides from off-site centers for failover and primary data processing. The program’s costs are apportioned among us and Contran. We paid Contran $0.4 million for such services in 2024. We expect that this relationship with Contran will continue in 2025. In February 2024, our management made a presentation to our audit committee regarding our participation in the combined IT data services program. Among other things during such presentation, the committee was informed of the following (in addition to the matters described above):

| ● | the third-party cost of the IT data services program is passed through to the companies participating in the IT data services program, including us, without markup; |

| ● | such third-party cost is allocated to the companies participating in the IT data services program, including us, based on the data hardware occupied and the communication bandwidth required by each of the companies participating in the IT data services program; |

| ● | the site made available to us under the IT data services program is sufficient and adequate for our purposes; and |

| ● | the benefits to our participating in the IT data services program include, among others, the ability to share in the cost of a third-party, off-site data centers at a reduced cost as compared to the cost to be incurred if we were to obtain a third-party, off-site data centers by ourselves, as well as the shared administration of the third-party, off-site data centers as compared to the cost of administering such a sites by ourselves. |

As part of such presentation, our chief financial officer, after consultation with other members of our management, advised the committee of his belief that our participation in the IT data services program, including the