LSB Industries extends shareholder rights plan to August 2026 to preserve NOL tax benefits

LSB INDUSTRIES, INC.

Entered Amended and Restated Section 382 Rights Agreement on Aug 22, 2023, extending Final Expiration Date from July 6, 2023 to Aug 22, 2026.
Plan protects net operating loss carry-forwards and other tax benefits from limitation under Section 382 of the Internal Revenue Code.
If stockholders do not approve plan at 2024 annual meeting, rights will cease to be exercisable.
Not adopted in response to any takeover effort; board approved on Aug 16, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LSB INDUSTRIES, INC. amended Amended and Restated Section 382 Rights Agreement with Computershare Trust Company, N.A. (effective 2023-08-22).

Action: amendment
Counterparty: Computershare Trust Company, N.A.
Effective: 2023-08-22

Exact text from the filing

On August 22, 2023, LSB Industries, Inc. (the “Company”) entered into an Amended and Restated Section 382 Rights Agreement (the “Amended and Restated Agreement”), which amended and restated the Section 382 Rights Agreement, dated as of July 6, 2020 (the “Original Rights Agreement”), between the Company and Computershare Trust Company, N.A., as rights agent.

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LSB INDUSTRIES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-044575

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