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)
March
17, 2008
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 March 17, 2008, 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 March 17, 2008 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: March
17, 2008
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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 March 17, 2008 issued by the
registrant.
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VALHI,
INC. ANNOUNCES ISSUANCE OF DRAFT
RADIOACTIVE
BY-PRODUCT LICENSE
DALLAS,
TEXAS ... March 17, 2008 ... Valhi, Inc. (NYSE: VHI) announced 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: (i) filed his Response to Public Comment on the application by
WCS for a radioactive material license authorizing by-product material disposal,
(ii) prepared a final draft license for the disposal of by-product material at
WCS’ site in Andrews County, Texas and (iii) made a decision that the final
draft license meets all statutory and regulatory requirements and recommended
the issuance of the license to the TCEQ Commissioners. By-product material
includes uranium and thorium mill tailings as well as equipment, pipe and other
materials used to handle and process such mill tailings.
“We are
pleased that the Executive Director and his staff have recommended the issuance
of the license to the TCEQ Commissioners after an exhaustive and thorough review
of our application,” said William J. Lindquist, Chief Executive Officer of WCS.
“This license along with the recently issued initial draft license for the
disposal of Class A, B and C low-level radioactive waste (“LLRW”) will allow WCS to
provide “one-stop shopping” for the treatment, storage and disposal of
hazardous, toxic, LLRW and mixed LLRW. We believe these licenses when
issued will provide WCS with a significant competitive advantage,” Mr. Lindquist
said.
Steven L.
Watson, President and Chief Executive Officer of Valhi, said “We
are very pleased with the licensing developments at WCS. Since our initial
investment in 1995, WCS has built and operated its facility in Andrews County,
Texas in a manner that demonstrates its commitment to a safe workplace and the
protection of the environment. The citizens of Andrews County and WCS have
worked together to create a significant business opportunity in West Texas and a
solution for many critical institutions for the safe and economical disposal of
waste generated.”
A
timeline of the remaining licensing process and the draft by-product
license may be found at www.wcstexas.com under Documents &
Forms.
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
that represent the Company’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 the Company believes the
expectations reflected in such forward-looking statements are reasonable, the
Company 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 the Company’s actual future results to differ
materially from those described herein are the risks and uncertainties described
from time to time in the Company’s filings with the Securities and Exchange
Commission.