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): November 19, 1999
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
NOT APPLICABLE
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(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. Other Events.
On November 19, 1999, 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 November 19, 1999.
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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/ROBERT D. HARDY
Vice President & Controller
Dated: November 23, 1999
Susan E. Alderton
212/423-3332
EXHIBIT 99.1
For Immediate Release
NL Industries, Inc. Announces Share Repurchase Program
HOUSTON, TEXAS -- (November 19, 1999) -- NL Industries, Inc. (NYSE - NL)
announced today that its Board of Directors has authorized the repurchase of up
to 1.5 million shares of its Common Stock in open market transactions, including
block purchases, or in privately negotiated transactions. The shares to be
repurchased represent approximately 3 % of the Company's 51.6 million shares
outstanding. The stock may be purchased from time to time as the Company's
financial condition and market conditions permit.
The repurchase program does not include specific price targets or timetables and
may be suspended at any time. Depending on financial and market conditions, the
program could be terminated prior to completion. NL will use its cash on hand to
acquire the shares. Repurchased shares will be added to NL's treasury, and could
be used for employee benefit plans, future acquisitions or other corporate
purposes.
In the fourth quarter through yesterday the Company has purchased 205,600 shares
at an average price per share of $11.27 per share, which is included in the
program described above.
NL, headquartered in Houston, Texas, is a major international producer of
titanium dioxide pigments.
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