TXI Announces Corporate Governance Changes

by CNN Money, January 13, 2010.

DALLAS, Jan. 13, 2010 (Globe Newswire) — The Board of Directors of Texas Industries, Inc. (NYSE:TXI) has voted unanimously to take action to effect the following changes in its corporate governance policies:

* Terminate the current Shareholder’s Rights Plan as of November 1, 2012.

* Begin “Declassifying” the Board of Directors with the class of Directors elected at the 2010 Annual Meeting of Shareholders.

* Elect directors in the future based upon Majority rather than Plurality standards.

The Board of Directors believes these proactive governance changes reflect the desires of the majority of its shareholders…(continue reading)


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