LXU - Dividend announcements

Issues Letter to Stockholders to Outline the Case for Meaningful Change Atop Trecora Following Years of Stagnation and Underperformance Ortelius Advisors, L.P., which collectively with its affiliates is the largest stockholder of Trecora Resources (NYSE:TREC), today issued the following open letter to fellow stockholders. *** February 7, 2022 Fellow Stockholders, Ortelius Advisors, L.P. (together with its affiliates, "Ortelius," "we," or "us") owns approximately 11.3% of the outstanding common stock of Trecora Resources ("Trecora" or the "Company"), making us the Company's largest stockholder.1 While we believe that Trecora has significant upside potential based on its top-quality asse

As LSB Industries, Inc. ("LSB" or "the Company"), (NYSE:LXU), previously announced, the New York Stock Exchange ("NYSE") halted trading on LSB's common stock on October 12, 2021 in order to address the impact on the stock price of the dividend paid by the Company on October 8, 2021 to shareholders of record on September 24, 2021 of 0.30 shares of LSB common stock for every share owned. Before trading began on the October 12, 2021 ex-dividend date, the NYSE communicated, via an NYSE Group Info Notice, that LSB's 0.3:1 common stock dividend applied to ALL approximately 79.4 million of the Company's shares of common stock that were outstanding prior to the dividend payment date. That was inco

LSB Industries, Inc. ("LSB" or "the Company"), (NYSE:LXU), today announced that the New York Stock Exchange halted trading on LSB's common stock in order to address the stock price adjustment applied to the Company's common stock as a result of the fact that the 49,066,005 shares of common stock issued to LSB Funding LLC, an affiliate of Eldridge, in the exchange transaction that closed on September 27, 2021 did not receive the dividend because such shares were not outstanding on the dividend record date of September 24, 2021. We are currently working with the NYSE to address the stock price adjustment in order to enable the Company's common stock to commence trading. About LSB Industries,

LSB Urges Stockholders to Vote "FOR" ALL Transaction-Related Proposals Stockholders Needing Assistance in Voting Should Contact LSB's Proxy Solicitor, Okapi Partners LLC, at (877) 869-0171 or info@okapipartners.com LSB Industries, Inc. (NYSE:LXU) ("LSB" or the "Company") today announced that independent proxy advisory firm, Glass Lewis, has recommended that LSB shareholders vote "FOR" all of the proposals in the Definitive Proxy Statement filed by the Company on August 26, 2021 relating to the Company's agreement (the "Exchange Agreement") with LSB Funding LLC, an affiliate of Eldridge Industries, LLC ("Eldridge"), to exchange the shares of LSB Series E-1 and Series F-1 Redeemable Preferr

LSB Urges Stockholders to Vote "FOR" ALL Transaction-Related Proposals Stockholders Needing Assistance in Voting Should Contact LSB's Proxy Solicitor, Okapi Partners LLC, at (877) 869-0171 or info@okapipartners.com LSB Industries, Inc. (NYSE:LXU) ("LSB" or the "Company") today announced that independent proxy advisory firm, Institutional Shareholder Services ("ISS"), has recommended that LSB shareholders vote "FOR" all of the proposals in the Definitive Proxy Statement filed by the Company on August 26, 2021 relating to the Company's agreement (the "Exchange Agreement") with LSB Funding LLC, an affiliate of Eldridge Industries, LLC ("Eldridge"), to exchange the shares of LSB Series E-1 an

LSB Industries, Inc. ("LSB" or "the Company"), (NYSE:LXU), today announced that its Board of Directors has declared the previously approved conditional and contingent special dividend (the "Dividend"), such Dividend to be effected in the form of a stock dividend of 0.3 shares of the Company's common stock, par value $0.10 ("Common Stock"), for each outstanding share of Common Stock (exclusive of Common Stock, if any, held in the treasury), and payable on October 8, 2021, to holders of record of Common Stock on September 24, 2021 (the "Record Date"), with any fractional share amounts issuable to a holder of record on the Record Date to be rounded up to the nearest whole share. The broker cut

Special Meeting to be held on September 22, 2021 at 8:30 am CDT for LSB Industries stockholders of record as of August 2, 2021 to approve Exchange Transaction and Special Dividend LSB Industries, Inc. ("LSB" or "the Company"), (NYSE:LXU), today announced that it has filed a definitive proxy statement with the Securities and Exchange Commission ("SEC") and established August 2, 2021 as the record date (the "Record Date") for its special meeting of stockholders (the "Special Meeting") to be held to, among other things, approve a definitive agreement (the "Exchange Agreement") with LSB Funding LLC, an affiliate of Eldridge Industries, LLC ("Eldridge"), to exchange the shares of LSB Series E-1

Transformative Transaction to Simplify Capital Structure, Lower Cost of Capital and Provide Greater Financial Flexibility to Pursue Growth Initiatives LSB Industries, Inc. ("LSB" or "the Company"), (NYSE:LXU), led by a Special Committee of the Board of Directors representing the disinterested stockholders of the Company (the "Special Committee") today announced that it has signed a definitive agreement (the "Exchange Agreement") with LSB Funding LLC, an affiliate of Eldridge, to exchange the shares of LSB Series E-1 and Series F-1 Redeemable Preferred Stock held by Eldridge for shares of LSB common stock. Under the terms of the agreement, LSB would exchange, at the closing, approximately $

Double-Digit Revenue and Adjusted EBITDA Growth Driven by Improving End-Market Fundamentals LSB Industries, Inc. (NYSE:LXU) ("LSB" or the "Company") today announced results for the first quarter ended March 31, 2021. First Quarter Highlights Net sales of $98.1 million compared to $83.4 million in the first quarter of 2020 Adjusted EBITDA(1) of $17.3 million compared to $15.6 million in the first quarter of 2020 Commenced sales under new seven-year nitric acid offtake agreement Total liquidity of approximately $56.0 million as of March 31, 2021 Hired senior professional to assist in our efforts in developing a green ammonia strategy "We generated year-over-year improvement in n

OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the fourth quarter ended December 31, 2020. Fourth Quarter and Full Year 2020 Highlights Record total recordable injury rate (TRIR) of 1.06 for 2020, an improvement of 58% compared to 2019 Net sales of $88.9 million reflects a 31% increase from stronger sales volumes, partially offset by a 11% decrease from weaker pricing relative to the prior year fourth quarter Adjusted EBITDA(1) of $10.4 million reflects a $16.3 million benefit from stronger production and sales volumes, partially offset by a $9.6 million net impact from weaker pricing and $2.2 million fr