LSB Industries, Inc.

LSB Provides Update on NYSE Trading Halt and Stock Dividend Impact

Retrieved on: 
Wednesday, October 13, 2021
Chemicals, Plastics, Mining, Minerals, Manufacturing, Agriculture, Natural Resources, Other Manufacturing, Dorado, Leadership, Risk, Bangladesh Securities and Exchange Commission, New, Environment, Growth, Security (finance), Mining, NYSE, ALL, Company, Annual report, Consumer, Private Securities Litigation Reform Act, Real estate, LSB, COVID-19, Cryptocurrency, Holding company, LSB Industries, Inc., Eldridge, LSB INDUSTRIES, INC., ELDRIDGE

As LSB Industries, Inc. (LSB or the Company), (NYSE: LXU), previously announced, the New York Stock Exchange (NYSE) halted trading on LSBs common stock on October 12, 2021 in order to address the impact on the stock price of the dividend paid by the Company on October 8, 2021 to shareholders of record on September 24, 2021 of 0.30 shares of LSB common stock for every share owned.

Key Points: 
  • As LSB Industries, Inc. (LSB or the Company), (NYSE: LXU), previously announced, the New York Stock Exchange (NYSE) halted trading on LSBs common stock on October 12, 2021 in order to address the impact on the stock price of the dividend paid by the Company on October 8, 2021 to shareholders of record on September 24, 2021 of 0.30 shares of LSB common stock for every share owned.
  • Before trading began on the October 12, 2021 ex-dividend date, the NYSE communicated, via an NYSE Group Info Notice, that LSBs 0.3:1 common stock dividend applied to ALL approximately 79.4 million of the Companys shares of common stock that were outstanding prior to the dividend payment date.
  • In actuality, the stock dividend was paid on only approximately 30.4 million of LSBs outstanding shares of common stock.
  • Thus, confirming that the stock dividend only resulted in an approximate 11.5% increase in the number of shares of the Companys common stock outstanding on the dividend payment date of October 8, 2021.

NYSE Halts Shares of LSB Industries, Inc. Due to Stock Dividend Price Adjustment

Retrieved on: 
Tuesday, October 12, 2021
Chemicals, Plastics, Mining, Minerals, Manufacturing, Agriculture, Natural Resources, Other Manufacturing, Dorado, Company, New, Mining, Real estate, COVID-19, Growth, Annual report, U.S. Securities and Exchange Commission, Private Securities Litigation Reform Act, Security (finance), Consumer, NYSE, Leadership, Risk, Environment, Risk management, LSB Industries, Inc., Eldridge, LSB INDUSTRIES, INC., ELDRIDGE

We are currently working with the NYSE to address the stock price adjustment in order to enable the Companys common stock to commence trading.

Key Points: 
  • We are currently working with the NYSE to address the stock price adjustment in order to enable the Companys common stock to commence trading.
  • LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets.
  • LSBs products are sold through distributors and directly to end customers primarily throughout the United States.
  • Eldridge invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media & Music, Real Estate, and Consumer landscapes.

LSB Industries, Inc. Announces Closing of Transformative Exchange Transaction

Retrieved on: 
Monday, September 27, 2021
Chemicals, Plastics, Manufacturing, Dorado, LSB, Consumer, Eldridge, Risk, Annual report, Security (finance), U.S. Securities and Exchange Commission, Real estate, Environment, CEO, Private Securities Litigation Reform Act, Sino-Japanese Journalist Exchange Agreement, Company, LLC, Growth, Mining, Leadership, COVID-19, NYSE, Eldridge Industries, LSB Industries, Inc., Eldridge, LSB INDUSTRIES, INC., ELDRIDGE

LSB Industries, Inc. (LSB or the Company), (NYSE: LXU), today announced that it has closed the previously announced transaction (the Exchange Transaction) with LSB Funding LLC, an affiliate of Eldridge Industries, LLC (Eldridge), to exchange the shares of LSB Series E-1 and Series F-1 Redeemable Preferred Stock held by Eldridge for shares of LSB common stock.

Key Points: 
  • LSB Industries, Inc. (LSB or the Company), (NYSE: LXU), today announced that it has closed the previously announced transaction (the Exchange Transaction) with LSB Funding LLC, an affiliate of Eldridge Industries, LLC (Eldridge), to exchange the shares of LSB Series E-1 and Series F-1 Redeemable Preferred Stock held by Eldridge for shares of LSB common stock.
  • In connection with the transaction, the Company will pay existing LSB common stockholders a special dividend in the form of 0.30 shares of LSB common stock for every share owned as of the September 24, 2021 special dividend record date.
  • Mark Behrman, LSBs President and CEO, stated, The closing of our exchange transaction with Eldridge represents a major step in LSBs progress towards becoming a Company that generates consistent growth in earnings and cash flow, and delivers increasing value to our stockholders.
  • LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets.

LSB Industries' Stockholders Overwhelmingly Approve Preferred Stock Exchange Transaction

Retrieved on: 
Wednesday, September 22, 2021
Agriculture, Natural Resources, Manufacturing, Mining, Minerals, Chemicals, Plastics, Dorado, Consumer, Risk, Annual report, Security (finance), U.S. Securities and Exchange Commission, Real estate, Environment, Private Securities Litigation Reform Act, Company, LLC, Mining, Growth, Leadership, COVID-19, Eldridge Industries, Risk management, LSB Industries, Inc., Eldridge Industries, LLC, LSB INDUSTRIES, INC., ELDRIDGE INDUSTRIES, LLC

LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets.

Key Points: 
  • LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets.
  • LSBs products are sold through distributors and directly to end customers primarily throughout the United States.
  • Eldridge Industries, LLC invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media & Music, Real Estate, and Consumer landscapes.
  • Eldridge Industries, LLC is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London.

Independent Proxy Advisory Firm Glass Lewis Recommends LSB Industries, Inc. Stockholders Vote “FOR” Exchange Transaction

Retrieved on: 
Wednesday, September 15, 2021
Chemicals, Plastics, Manufacturing, Dorado, AND, CEO, Eldridge Industries, Glass Lewis, Time, Risk, Consumer, U.S. Securities and Exchange Commission, Private Securities Litigation Reform Act, Annual report, Real estate, General counsel, Eldridge, Communication, Growth, COVID-19, AS, Canadian House of Commons Special Committee on Electoral Reform, Acquisition, Sale, Leadership, Security (finance), Committee, Prospectus, EBITDA, NYSE, Section 10 of the Canadian Charter of Rights and Freedoms, SEC, Board of directors, Company, Mining, LLC, Environment, LSB, Central Time Zone, WHEN, Securities Act of 1933, ANY, Director, Special, Bank, LSB Industries, Inc., Eldridge Industries, LLC, LSB INDUSTRIES, INC., ELDRIDGE INDUSTRIES, LLC

Based on these factors and the support of the board, we believe the exchange agreement is in the best interest of shareholders.

Key Points: 
  • Based on these factors and the support of the board, we believe the exchange agreement is in the best interest of shareholders.
  • We urge LSB stockholders to follow the Glass Lewis recommendation and vote `FOR' the transaction today.
  • In connection with the proposed transaction, LSB has filed with the SEC a proxy statement for the special meeting of LSB stockholders and may also file other relevant documents with the SEC regarding the proposed transaction.
  • This communication is not a substitute for the proxy statement or any other document that LSB may file with the SEC.

Independent Proxy Advisory Firm ISS Recommends LSB Industries, Inc. Stockholders Vote “FOR” Exchange Transaction

Retrieved on: 
Thursday, September 9, 2021
Chemicals, Plastics, Manufacturing, LSB Industries, Inc., Eldridge Industries, LLC, LSB INDUSTRIES, INC., ELDRIDGE INDUSTRIES, LLC

We strongly urge LSB stockholders to follow the ISS recommendation and vote `FOR' the transaction today.

Key Points: 
  • We strongly urge LSB stockholders to follow the ISS recommendation and vote `FOR' the transaction today.
  • Stockholders of record at the close of business on August 2, 2021 will be entitled to vote their shares at the Special Meeting.
  • LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets.
  • In connection with the proposed transaction, LSB has filed with the SEC a proxy statement for the special meeting of LSB stockholders and may also file other relevant documents with the SEC regarding the proposed transaction.

LSB Industries, Inc. Appoints Fred Buonocore as Vice President of Investor Relations

Retrieved on: 
Tuesday, September 7, 2021
Engineering, Chemicals, Plastics, Manufacturing, Agriculture, Commercial Building & Real Estate, Natural Resources, Construction & Property, Fred Buonocore, CFA, LSB Industries, Inc., FRED BUONOCORE, CFA, LSB INDUSTRIES, INC.

LSB Industries, Inc. (NYSE:LXU) (LSB or the Company) today announced that Fred Buonocore has joined the Company as Vice President of Investor Relations, effective September 7, 2021.Mr.

Key Points: 
  • LSB Industries, Inc. (NYSE:LXU) (LSB or the Company) today announced that Fred Buonocore has joined the Company as Vice President of Investor Relations, effective September 7, 2021.Mr.
  • Fred has nearly 20 years of experience in investor relations along with 5 years in equity research.
  • Most recently, he was a Senior Vice President with The Equity Group, an investor relations consulting firm, which he joined in 2012.
  • Previously, Fred was Director of Investor Relations & Corporate Communications for K&F Industries, a public Aerospace & Defense company that was acquired by Meggitt, PLC; Investor Relations Manager at Nike; Investor Relations Manager at J.D.

LSB Industries, Inc. Announces Board of Directors Declares Common Stock Dividend Contingent Upon the Closing Under the Previously Announced Exchange Agreement

Retrieved on: 
Monday, August 30, 2021
Commercial Building & Real Estate, Agriculture, Construction & Property, Natural Resources, Engineering, Chemicals, Plastics, Other Construction & Property, Manufacturing, Dorado, Company, Eldridge Industries, Real estate, LLC, Growth, U.S. Securities and Exchange Commission, Communication, Dividend, SEC, Leadership, Mining, Section 10 of the Canadian Charter of Rights and Freedoms, Private Securities Litigation Reform Act, Securities Act of 1933, Risk, Prospectus, Environment, Sale, Annual report, COVID-19, Security (finance), Consumer, LSB Industries, Inc., Eldridge Industries, LLC, LSB INDUSTRIES, INC., ELDRIDGE INDUSTRIES, LLC

LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets.

Key Points: 
  • LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets.
  • LSBs products are sold through distributors and directly to end customers primarily throughout the United States.
  • Eldridge Industries, LLC invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media & Music, Real Estate, and Consumer landscapes.
  • Eldridge Industries, LLC is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London.

LSB Industries, Inc. Announces Filing of Definitive Proxy Statement and Sets September 22, 2021 for Special Meeting of Stockholders to Vote on Exchange Transaction

Retrieved on: 
Thursday, August 26, 2021
Agriculture, Construction & Property, Natural Resources, Engineering, Chemicals, Plastics, Other Construction & Property, Mining, Minerals, Manufacturing, Dorado, AS, Eldridge, Proxy, Director, Sino-Japanese Journalist Exchange Agreement, Intention, SEC, Leadership, AND, Securities Act of 1933, Board, Exchange, Eldridge Industries, U.S. Securities and Exchange Commission, WHEN, Communication, Board of directors, Special, Risk, Prospectus, Canadian House of Commons Special Committee on Electoral Reform, Environment, CEO, Sale, ANY, Central Time Zone, Mining, Section 10 of the Canadian Charter of Rights and Freedoms, LSB, Consumer, Security (finance), Company, Real estate, LLC, Ammonia, Growth, Private Securities Litigation Reform Act, Date, Committee, NYSE, Annual report, COVID-19, General counsel, LSB Industries, Inc., Eldridge Industries, LLC, LSB INDUSTRIES, INC., ELDRIDGE INDUSTRIES, LLC

Stockholders of record at the close of business on the Record Date will be entitled to vote their shares at the Special Meeting.

Key Points: 
  • Stockholders of record at the close of business on the Record Date will be entitled to vote their shares at the Special Meeting.
  • The LSB industries Board of Directors unanimously recommends that stockholders vote FOR the transactions contemplated by the Exchange Agreement with Eldridge as well as the other proposals set forth in the proxy statement.
  • This communication is not a substitute for the proxy statement or any other document that LSB may file with the SEC.
  • The definitive proxy statement was mailed to LSB stockholders commencing on August 26, 2021.

LSB Industries, Inc. Announces Transaction to Exchange Outstanding Series E-1 and F-1 Preferred Stock for Common Stock; Plans to Pay 0.3:1 Special Common Stock Dividend to Existing Common Stockholders

Retrieved on: 
Tuesday, July 20, 2021
Commercial Building & Real Estate, Agriculture, Construction & Property, Natural Resources, Engineering, Chemicals, Plastics, Other Construction & Property, Manufacturing, Financial markets, Financial economics, Finance, Corporate finance, Equity securities, Stock market, Dividends, Preferred stock, Special dividend, Stock, Common stock, Ex-dividend date, LSB Industries, Inc., Eldridge, LSB INDUSTRIES, INC., ELDRIDGE

In connection with the transaction, existing unaffiliated LSB common stockholders will receive a special dividend in the form of 0.30 shares of LSB common stock for every share owned as of the record date.

Key Points: 
  • In connection with the transaction, existing unaffiliated LSB common stockholders will receive a special dividend in the form of 0.30 shares of LSB common stock for every share owned as of the record date.
  • Mark Behrman, LSBs President and CEO, stated, The Special Committee, the Board of Directors and management believe that the exchange of our outstanding Series E-1 and F-1 preferred stock for LSB common stock relieves the Company and our common stockholders from the expensive, compounding burden of the payment-in-kind dividend this preferred stock carries.
  • Over the last several years we have evaluated options to reduce or eliminate our preferred stock.
  • However, during that period, the nitrogen chemical market pricing environment has not been helpful as selling prices had been at multi-year lows.