{"schema_version":"secwatch.filing_event.v1","accession":"0001257640-24-000031","form_type":"8-K","ticker":"KRO","cik":"0001257640","company_name":"KRONOS WORLDWIDE INC","filed_at":"2024-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.407676+00:00","generated_at":"2026-05-31T20:09:28.659649+00:00","sec_items":["1.01","2.02","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Kronos buys remaining 50% of LPC for $185M, cuts dividend to $0.05, prelim Q2 EBITDA $49-56M","bullets":["Acquired 50% JV interest in LPC for $185M upfront plus up to $15M earn-out based on 2025-2026 EBITDA; financed via $132M revolver draw and cash.","Amended credit facility: maximum increased from $225M to $300M, maturity extended to July 2029, LPC added to borrowing base.","Preliminary Q2 2024 net sales $495-510M (up ~12-15% YoY); EBITDA $49-56M vs $3.6M in Q2 2023; TiO2 sales volumes up 29% YoY.","Board cuts quarterly dividend to $0.05/share (from $0.19), payable Sep 19 to holders of record Sep 6, to strengthen balance sheet.","Expects non-cash charges of ~$10M in Q2 and ~$5M in Q3 from Canada sulfate line closure; full-year 2024 outlook improved."],"urls":{"canonical":"https://secwatch.observer/filing/0001257640-24-000031","json":"https://secwatch.observer/filing/0001257640-24-000031.json","markdown":"https://secwatch.observer/filing/0001257640-24-000031.md","text":"https://secwatch.observer/filing/0001257640-24-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1257640/000125764024000031/0001257640-24-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1257640/000125764024000031/kro-20240716x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T20:09:28.659649+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}