On March 3, 2016, in accordance with the provisions of LSB Industries, Inc's bylaws, the Board of Directors of the company unanimously adopted a resolution to reduce the size of the board from 14 to 11 directors, effective upon the following resignations. In order to effectuate the reduction in the size of the board, each of Webster L. Benham, Andrew K. Mittag and Louis S. Massimo resigned from the board and all committees thereof, effective as of the end of the board meetings on March 3, 2016. Accordingly, on March 3, 2016, Richard Sanders, Jr. resigned as a director from the class with a term expiring at the 2018 annual meeting of stockholders and was immediately appointed to the Board as a director to the class with a term expiring at the 2016 annual meeting of stockholders, and Marran H. Ogilvie resigned as a director from the class with a term expiring at the 2018 annual meeting of stockholders and was immediately appointed to the Board as a director to the class with a term expiring at the 2017 annual meeting of stockholders.

The resignations and reappointments of Ms. Ogilvie and Mr. Sanders were effected solely to rebalance the Board classes and were not due to any disagreement with the Board, the company or its management on any matter relating to the company's operations, policies or practices.