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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): February 24, 1994
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 jurisdiction (Commission (Employer Identification No.)
of incorporation) File No.)
3000 N. Sam Houston Parkway East, Houston, Texas 77032
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 987-5000
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Not Applicable
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(former name or former address, if changed since last report)
Page 1 of 4
Exhibit Index is at Page 3
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ITEM 5. OTHER EVENTS.
On February 24, 1994, 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 February 24, 1994.
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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
and General Counsel
Dated: February 25, 1994
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EXHIBIT INDEX
Exhibit Page
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Exhibit 99.1 Press Release Issued 4
February 24, 1994
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
NL INDUSTRIES, INC. SETTLES LITIGATION
AGAINST LOCKHEED CORPORATION
HOUSTON, TX...February 24, 1994...NL Industries, Inc. announced today that
it has settled its pending lawsuit against Lockheed Corporation and Lockheed's
directors. Under the settlement, Lockheed paid NL $27 million in cash. In
connection with the settlement, NL and Lockheed agreed to dismiss the pending
proceedings and to release all claims that each may have against the other.
NL stated that the litigation arose out of NL's claims, among others, that
Lockheed had violated the federal securities laws by making false an misleading
statements about its employee stock ownership plan that impacted the value of
the Lockheed stock formerly owned by NL. The jury concluded in December 1992
verdict that Lockheed violated the antifraud provisions of the federal
securities laws and awarded NL $30 million. Both companies appealed.
NL's Chairman, Harold C. Simmons, expressed satisfaction with the
resolution of the disputes with Lockheed and its management.
NL Industries, Inc., a producer of titanium dioxide pigments and specialty
chemicals, is headquartered in Houston, Texas. NL's common stock is traded on
the New York and Pacific Stock Exchanges under the symbol "NL".
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