Form 12b-25

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25


NOTIFICATION OF LATE FILING

 

Check One:    [X]Form 10-K    [   ]Form 20-F    [   ]Form 11-K    [   ]Form 10-Q
                      [   ]Form N-SAR

For Period Ended:   December 31, 2000

[ ]Transition Report on Form 10-K                                            SEC FILE NUMBER
                                                                                                              1-7677
[ ]Transition Report on Form 20-F

[ ]Transition Report on Form 11-K                                             CUSIP NUMBER

[ ]Transition Report on Form 10-Q

[ ]Transition Report on Form N-SAR

For the Transition Period Ended: _______________________________

     Read Instruction (on back page) Before Preparing Form. Please Print or Type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

______________________________________________________________________________

PART I -- REGISTRANT INFORMATION
______________________________________________________________________________

Full Name of Registrant
Former Name if Applicable

LSB Industries, Inc.
_______________________________________________________________________________
Address of Principal Executive Office (Street and Number)

16 South Pennsylvania
________________________________________________________________________________
City, State and Zip Code

Oklahoma City, Oklahoma 73107
_________________________________________________________________________________

 

PART II -- Rules 12b-25(b) and (c)
_________________________________________________________________________________
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to 12b-25(b) [Paragraph 23,047], the following should be completed.

(Check box if appropriate.) [X]

(a)  The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

(b) The subject annual report, semiannual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date or the subject quarterly report of transition report on Form 10-Q, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

(c)  The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

_________________________________________________________________________________

PART III -- NARRATIVE
________________________________________________________________________________
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report, or portion thereof, could not be filed within the prescribed time period.

Additional time is needed to complete development of appropriate disclosures for inclusion in the "Notes to Condensed Consolidated Financial Statements" and "Managements Discussion and Analysis of Liquidity and Capital Resources" sections of its Form 10-K.
________________________________________________________________________________

PART IV -- OTHER INFORMATION
________________________________________________________________________________

(1)  Name and telephone number of person to contact in regard to this notification.

           Heidi L. Brown                              405                      235-4546

        ____________________________________________________________________________ 
        (Name)                                       (Area Code)         (Telephone Number)

________________________________________________________________________________

(2) Have all other periodic reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 ("Exchange Act") or Section 30 of the Investment Company Act of 1940 during the preceding twelve months (or for such shorter period that the registrant was required to filer such reports) been filed?
                                                                                                                                        [X] YES [ ] NO
If the answer is no, identify reports.
________________________________________________________________________________

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report, or portion thereof?
                                                                                                                                         [X] YES [ ] NO
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

The Registrant's Form 10-K, when filed, will report audited consolidated net income for the year ended December 31, 2000, of approximately $7.2 million (after an extraordinary gain of approximately $20 million from the purchase by the Registrant's subsidiary, ClimaChem, Inc., and another subsidiary which is not a ClimaChem subsidiary, of ClimaChem's public bonds and before preferred stock dividend requirements) compared to an audited consolidated net loss for the year ended December 31, 1999, of approximately $49.8 million (before preferred stock dividend requirements).
_______________________________________________________________________________

LSB Industries, Inc.
___________________________________________
Name of Registrant as Specified in Charter

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

Date: April 2, 2001                                                                         LSB INDUSTRIES, INC.


                                                                                                        By: /s/ Jimmie D. Jones          
                                                                                                             Jimmie D. Jones
                                                                                                            Vice President and
                                                                                                            Chief Accounting Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).


GENERAL INSTRUCTIONS

 

1.  This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules and Regulations under the Securities Exchange Act of 1934.

2.  One signed original and four conformed copies of this form and amendments thereto must be completed and filed with the Securities and Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and Regulations under the Act. The information contained in or filed with the Form will be made a matter of public record in the Commission files.

3. A manually signed copy of the form and amendments thereto shall be filed with each national securities exchange on which any class of securities of the registrant is registered.

4. Amendments to the notifications must also be filed on Form 12b-25 but need not restate information that has been correctly furnished. The form shall be clearly identified as an amended notification.

5. Electronic Filers. This form shall not be used by electronic filers unable to timely file a report solely due to electronic difficulties. Filers unable to submit a report within the time period prescribed due to difficulties in electronic filing should comply with either Rule 201 or Rule 202 of Regulation S-T (Section 232.201 or Section 232.202 of this chapter) or apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T (Section 232.12(c) of this chapter). [Added in Release No.34-31905 (Paragraph 85,111), (effective April 26, 1993, 58 FR 14628.]