Kristin B. McCoy
About Kristin B. McCoy
Kristin B. McCoy is Executive Vice President, Tax at CompX International Inc. (since May 2023), age 52 in 2025. She also serves as EVP, Global Tax at Kronos Worldwide and EVP, Tax at Valhi, NL Industries, and Contran, with prior tax accounting roles across related companies since 2003 . CompX is a controlled company (NL owns ~87.3% of Class A), which frames governance and compensation decisions . Company-level performance over 2020–2024 shows TSR rising (100→250), while revenues and EBITDA peaked in 2022 then moderated in 2023–2024; management emphasizes discretionary cash bonuses without formulaic performance targets for the CEO and uses an ISA model for Contran-employed executives, including tax leadership roles like McCoy’s .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| CompX International Inc. | Executive Vice President, Tax | May 2023–present | Group tax leadership for a controlled, multi-entity structure |
| Kronos Worldwide, Inc. | Executive Vice President, Global Tax | Current | Global tax oversight supporting manufacturing operations |
| Valhi, Inc. | Executive Vice President, Tax | Current | Parent-level tax strategy, consolidated tax group participation |
| NL Industries, Inc. | Executive Vice President, Tax | Current | Tax governance within Contran-controlled portfolio |
| Contran Corporation | Executive Vice President, Tax | Current | Consolidated group tax elections and ISA cost allocation support |
| Related companies (Contran affiliates) | Various tax accounting positions | 2003–present | Progressive tax roles across affiliates, institutional knowledge |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Kronos Worldwide, Inc. | EVP, Global Tax | Current | Align global tax strategy with operating footprint |
| Valhi, Inc. | EVP, Tax | Current | Parent-level tax policy for controlled group |
| NL Industries, Inc. | EVP, Tax | Current | Coordination within Contran Tax Group framework |
| Contran Corporation | EVP, Tax | Current | Centralized tax elections and allocation among affiliates |
Fixed Compensation
- Compensation for Contran-employed executives is charged to CompX via an Intercorporate Services Agreement (ISA). Charges are based on Contran’s employment cost (base salary, estimated bonus, payroll taxes, benefits/overhead) multiplied by estimated time allocation; the board’s independent directors approve the aggregate ISA fee annually. For 2024, CompX paid Contran ~$3.2 million and expects ~$3.4 million in 2025. Individual amounts attributable to Kristin McCoy are not disclosed .
- CompX does not grant equity compensation to employees or officers; only non-employee directors receive annual stock grants. Management has no stock ownership requirements or guidelines (directors do) .
Performance Compensation
- CompX’s CEO receives discretionary cash bonuses without formulaic performance targets; Contran-employed executives (including tax roles) are compensated via ISA allocations not linked to CompX performance. No PSUs/RSUs/options are granted to employees, so there are no performance-vesting schedules for executives like McCoy .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable | — | — | — | — | No equity awards for employees/officers |
Equity Ownership & Alignment
- Beneficial ownership tables cover directors and named executive officers; McCoy is not a named executive officer, and her individual CompX share ownership is not disclosed .
- No outstanding options or equity awards for named executive officers; company policy states employees/officers do not receive equity awards, implying McCoy has no vesting schedule or option overhang at CompX .
- Hedging: CompX has not adopted specific hedging policies for employees/directors beyond its insider trading policy (filed as Exhibit 19.1 to the 2024 Form 10-K). Pledging is not disclosed .
Employment Terms
- Executives serve at the pleasure of the board; the CEO has no written employment agreement. Contran-employed executives provide services under the ISA; individual employment contracts, severance, change-of-control terms, non-compete/non-solicit, garden leave, and consulting arrangements for McCoy are not disclosed .
Performance & Track Record
CompX financial performance (FY 2020–2024):
| Metric | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Revenues ($USD) | $114,537,000 | $140,815,000 | $166,562,000 | $161,287,000 | $145,941,000 |
| EBITDA ($USD) | $15,644,000* | $24,365,000* | $29,413,000* | $29,408,000* | $20,714,000* |
| Net Income ($USD) | $10,323,000 | $16,568,000 | $20,871,000 | $22,593,000 | $16,587,000 |
*Values retrieved from S&P Global.
Total Shareholder Return (value of $100 invested at 12/31/2019, dividends reinvested):
| Metric | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| CompX TSR ($) | 100 | 165 | 152 | 218 | 250 |
| Peer Group TSR ($) | 124 | 110 | 74 | 88 | 124 |
Additional context:
- CEO bonuses cited strong cash flow enabling a $2.00/share special dividend in August 2024, despite softened Marine Components demand .
- Say-on-Pay approval remained high: 90.3% in 2024 and 90.2% in 2023, indicating broad shareholder acceptance of the compensation framework .
Compensation Committee Analysis
- CompX is a controlled company under NYSE American standards and operates with a Management Development and Compensation Committee composed of independent directors; membership in 2025: Chair Ann Manix; members Thomas E. Barry and Terri L. Herrington. The committee reviews/discusses the ISA aggregate fee and compensation practices; there is no charter for the compensation committee by choice of the controlled company .
- ISA approval is by independent directors after committee recommendation and CFO concurrence; cost-based allocations are reviewed annually for reasonableness vs. third-party alternatives .
Governance and Policies
- Insider trading policy governs transactions and hedging; company has not adopted separate hedging policies. Non-employee directors have stock ownership guidelines; management does not .
- Board and committee structures, independence determinations, and controlled-company status are disclosed; risk oversight is shared between the Audit Committee and the Compensation Committee .
Investment Implications
- Alignment: McCoy’s compensation is through Contran’s ISA cost-sharing, not tied to CompX’s formulaic performance metrics; combined with no equity awards or ownership requirements for management, direct pay-for-performance alignment at the individual executive level is limited. However, cross-entity tax leadership and long tenure across Contran affiliates supports execution consistency within the controlled group .
- Retention and selling pressure: Absence of equity grants/options at CompX means no vest-driven selling pressure for McCoy; insider trading windows still apply, but lack of award vesting reduces forced liquidity events for trading signal analysis .
- Disclosure gaps: No individual compensation, ownership, severance/change-of-control, or restrictive covenants disclosed for McCoy—reducing visibility into incentive alignment and retention risk. Portfolio investors should monitor future 8-K Item 5.02 filings for any compensatory arrangements or role changes .
- Company performance: TSR outperformance versus peers since 2020, but 2024 revenue and EBITDA softened from 2022 peaks; the compensation framework emphasizes discretionary cash bonuses and ISA allocations rather than explicit financial KPIs—focus remains on cash generation and prudence (e.g., 2024 special dividend) and financial table above.
Note: Where specific executive-level compensation and ownership details for Kristin B. McCoy are not disclosed by CompX, analysis is based on the company’s stated policies and structures (ISA model, no equity grants, controlled company governance).