康诺斯全球 2024年度报告

OR Securities registered pursuant to Section12(b)of the Act: Indicate by check mark: If the Registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☐No☒ If the Registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act.Yes☐No☒ Whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 duringthe preceding 12months and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulation S-T during the preceding 12months (or for such shorter period that the Registrant was required to submit such files).Yes☒No☐ Whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controlover financial reporting under Section404(b)of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Whether the Registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☒ The aggregate market value of the 21.7million shares of voting stock held by nonaffiliates of Kronos Worldwide,Inc. as of June30, 2024(the last business day of the Registrant’s most recently-completed second fiscal quarter) approximated$272.2million. Number of shares of the registrant’s common stock, $.01 par value per share, outstanding on February28, 2025:115,036,016. Documents incorporated by reference The information required by PartIII is incorporated by reference from the Registrant’s definitive proxy statement to befiled with the Commission pursuant to Regulation 14A not later than 120days after the end of the fiscalyear covered by this report. Forward-Looking Information This Annual Report on Form10-K contains forward-looking statements within the meaningof the Private Securities Litigation Reform Act of 1995, as amended. Statements in this AnnualReport that are not historical facts are forward-looking in nature and represent management’s beliefsand assumptions based on currently available information. In some cases, you can identify forward-looking statements by the use of words such as “believes,” “intends,” “may,” “should,” “could,”“anticipates,” “expects” or comparable terminology, or by discussions of strategies or trends.Although we believe the expectations reflected in such forward-looking statements are reasonable,we do not know if these expectations will be correct. Such statements by their nature involvesubstantial risks and uncertainties that could significantly impact expected results. Actual futureresults could differ materially from those predicted. The factors that could cause our actual futureresults to differ materially from those described herein are the risks and uncertainties discussed in thisAnnual Report and those described from time to time in our other filings with the SEC and include,but are not limited to, the following: ●Future supply and demand for our products●Our ability to realize expected cost savings from strategic and operational initiatives●Our ability to integrate acquisitions, including Louisiana Pigment Company, L.P., intoour operations and realize expected synergies and innovations●The extent of the dependence of certain of our businesses on certain market sectors●The cyclicality of our business●Customer and producer inventory levels●Unexpected or earlier-than-expected industry capacity expansion●Changes in raw material and other operating costs (such as energy and ore costs)●Changes in the availability of raw materials (such as ore)●General global economic and political conditions that harm the worldwide economy,disrupt our supply chain, increase materia