LSB Industries Announces Retirement of Jack E. Golsen as Founder and Board Executive Chairman
July 02, 2017
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LSB Industries announced that Jack E. Golsen is retiring as founder and board executive chairman at the end of this year. It also said LSB and Golsen will enter into a transition agreement on Jan. 1, 2018, that will keep Golsen on the board after his retirement, serving as its chairman emeritus. In that role, Golsen will be paid an annual cash retainer of $480,000, and will receive $4,400 a month to cover certain expenses.
LSB Industries, Inc. is primarily engaged in the manufacturing and marketing of chemical products for the agricultural, industrial and mining markets. The Company manufactures products for three principal markets: agricultural, industrial and mining. Its agricultural products include ammonia, fertilizer-grade ammonium nitrate (AN), high-density ammonium nitrate (HDAN) and urea ammonia nitrate (UAN). Its industrial products include high-purity and commercial-grade ammonia, high-purity AN, sulfuric acids, concentrated, blended and regular nitric acid, mixed nitrating acids, carbon dioxide, and diesel exhaust fluid (DEF). Its mining products include industrial-grade AN (LDAN) and AN solutions. It owns and operates three multi-plant facilities in El Dorado, Arkansas, Cherokee, Alabama, and Pryor, Oklahoma. Its products are sold through distributors and directly to end customers throughout the United States and parts of Canada and the North America.
LSB INDUSTRIES, INC. 
