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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 2, 1998
NL INDUSTRIES, INC.
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(Exact name of registrant as specified in charter)
New Jersey 1-640 13-5267260
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(State or other (Commission File No.) (Employer ID No.)
jurisdiction of
incorporation)
16825 Northchase Dr., Suite 1200, Houston, Texas 77060
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (281) 423-3300
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Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Events.
On July 2, 1998, the Registrant issued the press release attached
hereto as Exhibit 99.1 and incorporated herein in its entirety by this
reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
(i) Exhibit 99.1. Press Release dated July 2, 1998.
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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 thereunto duly authorized.
NL INDUSTRIES, INC.
(Registrant)
/s/ David B. Garten
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David B. Garten
Vice President, Secretary
& General Counsel
Dated: July 7, 1998
Dennis G. Newkirk
(281) 423-3332
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
NL INDUSTRIES, INC. ANNOUNCES COMPLETION OF SETTLEMENT
OF SHAREHOLDER LAWSUIT
HOUSTON, TEXAS -- July 2, 1998 -- NL Industries, Inc. (NYSE:NL) announced today
that NL and Valhi, Inc. have completed the previously reported settlement of a
shareholder derivative action (Seinfeld v. Simmons, et al) which was pending in
the Chancery Division of the New Jersey Superior Court. Under the final, court
approved settlement, Valhi has transferred $14.4 million in cash to NL, and NL
will pay plaintiffs' attorneys' fees and expenses of $3.2 million.
NL Industries, Inc. is a major international producer of titanium dioxide
pigments.
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