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 the earliest event reported)
October
23, 2007
Valhi,
Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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1-5467
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87-0110150
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(State
or other jurisdiction of incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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5430
LBJ Freeway, Suite 1700, Dallas, Texas
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75240-2697
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
(972)
233-1700
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(Former
name or former address, if changed since last report.)
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
7.01
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Regulation
FD Disclosure.
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The
registrant hereby furnishes the information set forth in its press release
issued on August 31, 2007, a copy of which is attached hereto as Exhibit 99.1
and incorporated herein by reference.
The
information, including the exhibit, the registrant furnishes in this report
is
not deemed “filed” for purposes of section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
section. Registration statements or other documents filed with the
U.S. Securities and Exchange Commission shall not incorporate this information
by reference, except as otherwise expressly stated in such filing.
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
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Exhibits
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Item
No.
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Exhibit
Index
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99.1
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Press
release dated October 23, 2007 issued by the
registrant.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Valhi,
Inc.
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(Registrant)
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By: /s/
A. Andrew R. Louis
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Date: October
24, 2007
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A.
Andrew R. Louis, Secretary
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INDEX
TO EXHIBITS
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Item
No.
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Exhibit
Index
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99.1
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Press
release dated October 23, 2007 issued by the
registrant.
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VALHI,
INC. ANNOUNCES RADIOACTIVE
BYPRODUCT
LICENSE DECISION
DALLAS,
TEXAS . . . October 23,
2007 . . . Valhi, Inc.
(NYSE: VHI) reported today that its wholly owned subsidiary, Waste Control
Specialists LLC (“WCS”), received notification that the Executive Director of
the Texas Commission on Environmental Quality (“TCEQ”) has prepared a draft
license and made a preliminary decision that this license meets all
statutory and regulatory requirements for the disposal of byproduct
material at WCS’ site in Andrews County, Texas. Byproduct
material includes uranium or thorium mill tailings as well as equipment,
pipe and other materials used to handle and process the mill
tailings.
“This
is
a great accomplishment for our company and I am very proud of our team
of professionals that prepared the license application,” said Rodney A.
Baltzer, President of WCS. “The byproduct license application was a result
of thousands of hours spent by WCS analyzing and documenting the
characteristics of our site and describing the design and operations of the
proposed byproduct disposal facility.”
“The
byproduct license recommendation is a result of a very thorough and detailed
review by TCEQ and the Texas Department of State Health Services,” Mr.
Baltzer said.
“When
approved, this license will allow us to safely dispose of the 3,776 canisters
received from the Fernald, Ohio site remediation and currently in storage
at our site as well as provide a more economical disposal facility for
uranium miners in Texas and New Mexico,” Mr. Baltzer said. “We
have a great facility and a supportive community who welcomes the addition
of jobs that this will bring to the area.”
Steven
L.
Watson, President and Chief Executive Officer of Valhi, said “Valhi’s
involvement with WCS started in 1995 and since then WCS has continued to develop
and expand its waste handling capabilities consistent with its long term
strategy to provide “one-stop shopping” for hazardous toxic, low-level and mixed
low-level radioactive wastes. We believe these achievements will provide a
competitive advantage and the ability to offer unique processing and disposal
solutions and alternatives to numerous environmental sites and businesses
throughout the USA.”
The
WCS
facility in Andrews County, Texas is currently licensed for the processing,
storage and disposal of a broad range of hazardous, toxic and certain types
of low-level and mixed low-level radioactive waste.
Valhi
is engaged in the titanium dioxide pigments, component products (security
products, furniture components and performance marine components) and waste
management industries.
Statements
in this release that are not historical in nature are forward-looking in nature
and represent Valhi’s beliefs and assumptions based on currently available
information. In some cases, these forward-looking statements can be
identified by the use of words such as
“believes,” “intends,” “may,” “should,” “could,” “anticipates,” “expected”
or comparable terminology. Although Valhi believes the expectations
reflected in such forward-looking statements are reasonable, Valhi does not
know
if these expectations will be correct. Forward-looking statements by
their nature involve substantial risks and uncertainties that could
significantly impact expected results. Actual future results could differ
materially from those predicted. Among the factors that could cause
Valhi’s actual future results to differ materially from those described herein
are the risks and uncertainties described from time to time in the Valhi’s
filings with the U.S. Securities and Exchange Commission.