COMPX ANNOUNCES REGULAR QUARTERLY DIVIDEND AND RESULTS OF THE ANNUAL STOCKHOLDER MEETING

Rhea-AI Summary

CompX International (CIX) declared a regular quarterly dividend of $0.25 per share on May 25, 2022, payable on June 14, 2022, to stockholders of record by June 6, 2022. At the same annual stockholder meeting, directors were elected for a one-year term, and stockholders approved the executive compensation package. The board expanded from seven to nine members, electing Kevin B. Kramer and Michael S. Simmons to fill the new positions, with Kramer appointed to the audit committee. CompX specializes in security products and marine components.

Positive

• Quarterly dividend declared at $0.25 per share enhances shareholder income.
• Board of directors expanded, indicating strategic growth and confidence in management.

Negative

• None.

Dallas, Texas, May 25, 2022 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American:  CIX) announced today that its board of directors has declared CompX’s regular quarterly dividend of twenty-five cents ($0.25) per share on its class A common stock, payable on June 14, 2022 to stockholders of record at the close of business on June 6, 2022.

CompX also announced that at its annual stockholder meeting held on May 25, 2022, its stockholders:

• elected each of Thomas E. Barry, Loretta J. Feehan, Robert D. Graham, Terri L. Herrington, Scott C. James, Ann Manix and Mary A. Tidlund as a director for a one year term; and
• adopted a resolution that approved, on a nonbinding advisory basis, the compensation of its named executive officers as disclosed in the proxy statement for the 2022 annual stockholder meeting.

Following the annual meeting of stockholders, today the CompX board of directors increased the size of the board from seven to nine and elected Kevin B. Kramer and Michael S. Simmons to fill the newly created vacancies.  The board of directors also appointed Mr. Kramer to serve on its audit committee.

CompX is a leading manufacturer of security products and recreational marine components.

FAQ

What is the dividend amount declared by CompX International (CIX)?

CompX International declared a quarterly dividend of $0.25 per share.

When is the dividend payment date for CIX?

The dividend is payable on June 14, 2022.

What is the record date for the dividend payment for CompX (CIX)?

The record date for the dividend payment is June 6, 2022.

Who was elected to the board of directors at the annual stockholder meeting for CIX?

Directors elected include Thomas E. Barry, Loretta J. Feehan, Robert D. Graham, Terri L. Herrington, Scott C. James, Ann Manix, Mary A. Tidlund, Kevin B. Kramer, and Michael S. Simmons.

What changes were made to the board of directors of CompX International (CIX)?

The board size increased from seven to nine members with the election of Kramer and Simmons.