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)
May
23, 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 May 23, 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 May 23, 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: May
23, 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 May 23, 2008 issued by the
registrant.
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VALHI,
INC. ANNOUNCES ISSUANCE OF
RADIOACTIVE
BYPRODUCT DISPOSAL LICENSE
DALLAS,
TEXAS ... May 23, 2008 ... Valhi, Inc. (NYSE: VHI) announced today that the
Texas Commission on Environmental Quality (“TCEQ”) has decided to issue
to its wholly owned subsidiary, Waste Control Specialists LLC (“WCS”), a radioactive material
license authorizing byproduct material disposal. Byproduct
material is
comprised of the residues left over from uranium mining, including uranium or
thorium mill tailings as well as equipment, pipe and other material used to
handle and process mill tailings.
“We are
pleased the TCEQ has decided to issue the byproduct disposal license and we
intend to immediately begin construction so we can permanently dispose of
byproduct material currently stored at our facility,” 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 will provide WCS with a significant and valuable
competitive advantage over its competitors, give WCS the widest breadth of
storage and disposal licenses of any commercial enterprise in the U.S. for
hazardous, toxic, low-level, mixed low-level and byproduct radioactive wastes
and allow WCS to achieve its goal of being a ‘one-stop shop’ for waste
generators,” Mr. Lindquist said.
“This is
a very important step in the growth of WCS,” said Steven L. Watson, President
and Chief Executive Officer of Valhi. “Since our initial investment
more than 12 years ago, WCS and the citizens of Andrews and Lea Counties have
worked together to create a significant business and employment opportunity for
west Texas and east New Mexico and offer a solution to a pressing public
problem—the safe and permanent disposal of material that plays a prominent role
in our modern society. The issuance of the byproduct disposal license
is a vital part of this solution and will accelerate WCS’ growth and employment
base for the area,” Mr. Watson said.
Information
about WCS and the remaining licensing process may be found at
www.wcstexas.com.
The WCS
facility in Andrews County, Texas is currently licensed for the processing,
storage and disposal of a broad range of hazardous, toxic and byproduct
wastes and certain types of low-level and mixed low-level radioactive
wastes.
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.