Bryan A. Hanley
About Bryan A. Hanley
Bryan A. Hanley, 44, serves as Senior Vice President (since 2022) and Treasurer (since 2017) at CompX; he also holds parallel treasurer roles across related public companies Valhi, Kronos Worldwide, and NL Industries, and is Vice President and Treasurer of Contran, the controlling parent . Prior to joining the Contran group, he was Assistant Treasurer and Director, Investor Relations at Pier 1 Imports (2013–2017) and Assistant Treasurer (2010–2013) . CompX’s pay design provides useful context for alignment: the company does not grant equity awards to employees or officers, and executive bonuses for CIX-employed officers are discretionary without formulaic performance targets; many officers (other than the CEO) are employed by Contran and compensated via an intercorporate services agreement (ISA) not tied to CIX performance .
Company performance context (Pay vs Performance disclosure):
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| CompX TSR – Value of initial $100 investment | 100 | 165 | 152 | 218 | 250 |
| Net Income ($ thousands) | 10,323 | 16,568 | 20,871 | 22,593 | 16,587 |
Past Roles
| Organization | Role | Years | Strategic impact / Notes |
|---|---|---|---|
| Pier 1 Imports, Inc. | Assistant Treasurer and Director, Investor Relations | 2013–2017 | Publicly traded retailer; treasury and investor relations leadership |
| Pier 1 Imports, Inc. | Assistant Treasurer | 2010–2013 | Publicly traded retailer; treasury function |
External Roles
| Organization | Role | Years |
|---|---|---|
| Contran | Vice President and Treasurer | Current (as of 2025) |
| Valhi, Inc. (VHI) | Senior Vice President and Treasurer; Investor Relations contact in releases | Current (as of 2025) |
| Kronos Worldwide, Inc. (KRO) | Senior Vice President and Treasurer | Current (as of 2025) |
| NL Industries, Inc. (NL) | Senior Vice President and Treasurer; Investor Relations contact in releases | Current (as of 2025) |
Fixed Compensation
- Hanley-specific cash compensation is not individually disclosed by CIX. For officers employed by Contran, CIX pays a fixed ISA fee reimbursing Contran’s employment costs allocated by estimated time devoted; the ISA amount is not dependent on CIX’s financial performance . CIX does not grant equity awards to employees or officers (including those providing services under the ISA) .
| Component | Disclosed? | Notes |
|---|---|---|
| Base Salary | Not disclosed | For Contran-employed officers, cost flows via ISA allocation; not formula-linked to CIX performance |
| Annual Cash Bonus | Not disclosed for Hanley | CIX-employed executives’ bonuses are discretionary and non-formulaic; many officers are Contran employees |
| Long-term Equity (RSUs/PSUs/Options) | Not granted | CIX does not grant equity awards to employees or officers |
| Other Benefits | Not disclosed | ISA includes employer costs like benefits/overhead in allocations |
Performance Compensation
- Design: No formulaic metrics disclosed for executive bonuses at CIX; awards (for CIX-employed executives) are discretionary based on judgment, with no specific weighting and no preset financial targets; equity is not used . For Contran-employed officers (which includes Hanley given he serves as Contran’s VP & Treasurer), compensation is determined by Contran and charged to CIX via the ISA .
| Incentive | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Discretionary annual cash bonus (CIX-employed executives) | Qualitative (responsibility, performance, attitude, potential; financials considered but no formula) | None (discretionary) | N/A | N/A | Discretionary | Cash; no vesting |
| Equity incentives | N/A | N/A | N/A | N/A | N/A | Not granted by CIX |
Equity Ownership & Alignment
- CIX reported beneficial ownership for directors and named executive officers only; Hanley was not included in that table (as he is not an NEO or director), so current CIX beneficial ownership for him is not disclosed in the 2025 proxy . On initial Form 3 filings in August 2017, Hanley reported no beneficial ownership in CIX, VHI, KRO, or NL . CIX has not adopted a hedging policy (employees/directors must still comply with the insider trading policy); pledging and ownership guidelines are not disclosed .
| Company | Filing | Date | Reported Beneficial Ownership |
|---|---|---|---|
| CompX (CIX) | Form 3 | 2017-08-31 | No securities beneficially owned |
| Valhi (VHI) | Form 3 | 2017-08-31 | No securities beneficially owned |
| Kronos Worldwide (KRO) | Form 3 | 2017-08-31 | No securities beneficially owned |
| NL Industries (NL) | Form 3 | 2017-08-31 | No securities beneficially owned |
Additional alignment context:
- Controlled company: 87.3% of CIX Class A is beneficially owned via NL/Family Trust; this concentrates control and reduces free float/insider selling pressure from management grants .
- Hedging/policies: CIX has not adopted employee/director hedging policies; trading remains subject to the insider trading policy .
Employment Terms
| Item | Detail |
|---|---|
| Current titles | Senior Vice President (since 2022) and Treasurer (since 2017), CompX |
| Cross-company roles | Senior Vice President & Treasurer at Valhi, Kronos Worldwide, NL; Vice President & Treasurer at Contran |
| Employment basis | Many CompX officers are employed by Contran and provide services to CIX via an Intercorporate Services Agreement (ISA) |
| ISA economics | Fixed fee reimbursing Contran costs (salary, estimated bonus based on prior year, employer taxes/benefits/overhead) allocated by estimated time; not dependent on CIX performance |
| ISA term/renewal | Generally renews quarterly; either party may terminate effective next quarter with 30 days’ written notice |
| Employment agreement | CIX states no written employment agreement with its CEO; no Hanley-specific agreement disclosed |
| Severance/CoC | Not disclosed for Hanley; no golden parachute terms disclosed in proxy |
Investment Implications
- Minimal insider selling overhang: CIX does not grant equity awards to employees/officers; Hanley reported no beneficial holdings on 2017 Form 3s across group companies, reducing forced selling risk from vesting or option exercises .
- Pay-for-performance alignment risk: For Contran-employed officers, costs charged to CIX under the ISA are not tied to CIX performance; CIX’s only formulaic linkage is absent (bonuses for CIX-employed officers are discretionary with no set metrics), which may weaken direct incentive alignment for Hanley at the CIX level .
- Governance/controls: CIX is a controlled company with 87.3% ownership via NL/Family Trust, which aligns management with the control group but may mute minority investor influence; CIX has not adopted a hedging policy for employees/directors (transactions remain subject to the insider trading policy) .
- Retention/continuity: Hanley holds centralized treasury/IR roles across CIX, VHI, NL (listed as IR contact in multiple releases), indicating deep integration; however, ISA’s quarterly renewals and 30-day termination rights create theoretical reallocation risk of shared executives across the group .
- Performance backdrop: Over 2020–2024, CIX TSR increased from 100 to 250 (value of $100 initial investment) with net income ranging $10.3–$22.6 million, providing a supportive performance context during Hanley’s tenure .
- Shareholder sentiment: Say‑on‑pay support was high at 90.3%, suggesting limited current investor pushback on compensation structures at CIX despite discretionary design and ISA usage .