LSB Industries (LXU) 10-Q2017 Q1 Quarterly report

Filed: 24 Apr 17, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: acquire, advisor, ago, ahead, America, approach, ASC, behalf, Behrman, belief, bring, broker, Canada, challenge, citizen, daily, Daniel, DEF, derecognized, duly, EBITDA, EIA, elevated, employer, exploring, fulfil, Greenwell, Harold, headquartered, indefinite, inflow, Jr, land, Letter, lowest, mark, merger, methodology, Midwest, Morgan, newly, outflow, physical, pressure, put, ranch, reevaluated, rendered, rental, Rieker, Shakedown, small, smaller, spending, stable, Stanley, statutory, steadily, strict, suppressed, Task, undersigned, undrawn, WASDE, windfall, withholding

Removed: accelerated, aforementioned, automatically, Bayer, begin, borrow, broad, calculation, calendar, choose, chosen, closing, Coffeyville, commencing, commercially, commissioning, committed, compensatory, comprised, conform, consisted, constitute, Conversion, converted, corporate, corrected, correction, country, currency, custom, CVR, cycle, default, delivering, designated, discussing, dollar, drawn, eliminating, exclusive, experienced, family, fan, fiscal, fluctuated, forecast, geothermal, governance, half, heat, hedging, highest, HVAC, hydronic, idled, implementing, indeterminable, indexed, installment, instrument, involvement, issuable, leverage, liquidated, master, MaterialScience, maximum, modular, multiple, multiplied, multiplier, netting, NYMEX, Orica, output, pertaining, propose, Pte, published, realized, reclassified, region, registered, registrable, registration, regulatory, relate, replacement, resale, restriction, revised, schedule, scope, segment, shareholder, shutting, source, strategically, subsequent, sulfur, surrendered, survive, swap, temporary, ton, tracking, trailing, unilaterally, unit, unpurchased, upgrade, variability, yield

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

LXU similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 10.1

March 8, 2017

Jack E. Golsen

Executive Chairman

LSB Industries, Inc.

16 South Pennsylvania

Oklahoma City, OK 73107

Re:	Termination of that certain Continuation Agreement dated April 1, 1981, as amended July 15, 1982, May1, 1991 and March 1, 1993 by and between Jack E. Golsen and LSB Industries, Inc. (the “Continuation Agreement”)

Dear Mr. Golsen,

On February 14, 2017, the Board of Directors of LSB Industries, Inc., by a unanimous vote of the disinterested Directors, approved the termination of the referenced Continuation Agreement. and directed Mr. Greenwell and I to provide notice of such termination.

Pursuant to section 8(b) of the Continuation Agreement, please accept this letter as written notice of the termination of the Continuation Agreement. The termination shall be effective immediately upon delivery of this letter.

Please let us know if you have any questions or comments related to this matter.

Very truly yours,


	/s/ Daniel Greenwell		/s/ Michael Foster
	Daniel D. Greenwell		Michael J. Foster
	Chief Executive Officer and President		Senior Vice President, General Counsel & Secretary

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.