As filed with the Securities and Exchange Commission on September 28, 2006 Registration No. 033-53633 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------- POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 -------------------- VALHI, INC. (Exact name of registrant as specified in its charter) Delaware 87-0110150 (State or other jurisdiction (I.R.S. Employer of incorporation or Identification No.) organization) Lincoln Centre 5430 LBJ Freeway, Suite 1700 Dallas, Texas 75240-2697 (Address of principal (Zip Code) executive offices) -------------------- VALHI, INC. 1987 STOCK OPTION - STOCK APPRECIATION RIGHTS PLAN (Full title of the plan) -------------------- A. Andrew R. Louis, Esq. Three Lincoln Centre 5430 LBJ Freeway, Suite 1700 Dallas, Texas 75240-2697 (972) 233-1700 (Name, address and telephone number including area code of agent for service) ================================================================================ DEREGISTRATION There are no outstanding stock options or other rights issued under the Valhi, Inc. 1987 Stock Option - Stock Appreciation Rights Plan (the "Plan") and the Plan has terminated according to its terms. Accordingly, the registrant hereby deregisters any and all shares of the registrant's common stock, par value $0.01 per share, registered pursuant to this registration statement that will never be issued or sold under the Plan. SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Dallas, Texas, on September 28, 2006: VALHI, INC. By: /s/ Gregory M. Swalwell --------------------------- Gregory M. Swalwell Vice President and Controller Pursuant to the requirements of the Securities Act, this Post-Effective Amendment No. 1 to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated: Signature Title Date ------------------------- ----------------- ----------------- /s/ Harold C. Simmons Chairman of the Board September 28, 2006 ------------------------- Harold C. Simmons /s/ Glenn R. Simmons Vice Chairman of the Board September 28, 2006 ------------------------- Glenn R. Simmons /s/ Steven L. Watson President, Chief Executive September 28, 2006 ------------------------- Officer and Director (Principal Steven L. Watson Executive Officer) /s/ Bobby D. O'Brien Vice President and Chief September 28, 2006 ------------------------- Financial Officer (Principal Bobby D. O'Brien Financial Officer) /s/ Gregory M. Swalwell Vice President and Controller September 28, 2006 ------------------------- (Principal Accounting Officer) Gregory M. Swalwell /s/ Thomas E. Barry Director September 26, 2006 ------------------------- Thomas E. Barry /s/ Norman S. Edelcup Director September 28, 2006 ------------------------- Norman S. Edelcup /s/ W. Hayden McIlroy Director September 28, 2006 ------------------------- W. Hayden McIlroy /s/ J. Walter Tucker, Jr. Director September 26, 2006 ------------------------- J. Walter Tucker, Jr.