UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C.
20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF
1934
Date of
report (Date of earliest event reported): August 19, 2010
LSB INDUSTRIES, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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1-7677
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73-1015226
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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16 South Pennsylvania Avenue,
Oklahoma City, Oklahoma
(Address of principal executive offices) |
73107
(Zip
Code) |
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Registrant's telephone number,
including area code (405) 235-4546
Not applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Section
8 – Other Events
Item
8.01. Other Events
On August 16, 2010, the Golsen Family,
L.L.C. (“GFLLC”) established a prearranged trading plan in accordance with Rule
10b5-1 of the Securities Exchange Act of 1934, as amended. The
trading plan (the “Plan”), executed during the most recent open trading window
of LSB Industries, Inc. (the “Company”), is effective for one-year beginning
September 16, 2010. The Plan provides for the sale of up to 100,000
shares of the Company’s common stock at prices of not less than $19.00 per share
and no transactions may occur under the Plan until on or after September 16,
2010. The Plan was approved by the Company’s legal department on
August 18, 2010, pursuant to the Company’s pre-clearance procedures and was
countersigned by the broker on August 19, 2010. GFLLC entered into
the Plan as part of its members’ long-term estate and tax planning
strategy.
All of the outstanding membership
interests in GFLLC are beneficially owned, directly or indirectly, by Jack E.
Golsen (Chief Executive Officer and Chairman of the Board of the Company) and
members of his family, including Barry H. Golsen (President and member of the
Board of Directors of the Company) and Steven J. Golsen (President of certain
subsidiaries of the Company).
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Dated: August
23, 2010
LSB
INDUSTRIES, INC.
By: /s/Jack E. Golsen
Name: Jack
E. Golsen
Title: Chief
Executive Officer and
Chairman of
the Board