LSB INDUSTRIES, INC. (NYSE:LXU) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
On May23, 2018, LSB Industries, Inc. (the “Company”) held its 2018 Annual Meeting of Stockholders (the “2018 Annual Meeting”). At the 2018 Annual Meeting, the stockholders: (i)elected the one director nominee listed in the Company’sproxy statementto serve on the Board of Directors for terms expiring in 2021; (ii)ratified the appointment of Ernst& Young LLP as the Company’s independent registered public accounting firm for 2018; and (iii)approved, on an advisory basis, a resolution approving the 2018 compensation of the Company’s named executive officers, which is commonly referred to as a “say-on-pay” vote.
The final voting results for each of these matters are set forth below.
1. Election of four nominees to the Company’s Board of Directors whose term expires in 2021
|
Name |
NumberofVotesFor | NumberofVotesWithheld |
|
Mark R. Genender |
19,077,106 | 1,867,576 |
|
Barry H. Golsen |
18,915,421 | 2,029,261 |
|
Richard W. Roedel |
15,776,431 | 5,168,251 |
|
Lynn F. White |
16,355,703 | 4,588,979 |
In addition, there were 6,262,978 broker non-votes associated with respect to each nominee. All director nominees were duly elected at the 2018 Annual Meeting. Each of the individuals named in the above table will serve as director until the 2021 annual meeting of stockholders or until his/her successor is duly elected and qualified.
2. Ratification of the appointment of Ernst& Young LLP as the independent registered public accounting firm for 2018
|
For |
Against |
Abstain |
|
26,750,000 |
339,256 | 118,404 |
There were no broker non-votes on this matter.
3. Approval, on an advisory basis, of the compensation of the Company’s named executive officers
|
For |
Against |
Abstain |
Broker Non-Votes |
|
13,770,985 |
6,134,491 | 1,039,206 | 6,262,978 |
About LSB INDUSTRIES, INC. (NYSE:LXU)
LSB Industries, Inc. is a diversified holding company engaged in manufacturing operations through its subsidiaries. The Company’s segments are Chemical Business, Climate Control Business and Other. Its Chemical Business segment manufactures and sells nitrogen-based chemical products for the agricultural, industrial and mining markets. Its Climate Control Business manufactures and sells a range of heating, ventilation and air conditioning (HVAC) products that include water source and geothermal heat pumps, hydronic fan coils, custom air handlers, modular geothermal and other chillers, and other related products and services. These products are used in commercial or institutional and residential new buildings construction, renovation of existing buildings and replacement of existing systems. Its Other segment sells industrial machinery and related components to machine tool dealers and end users located in North America.