form_8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported):   June 30, 2011 

LSB INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

 
Delaware
 
1-7677
 
73-1015226

(State or other jurisdiction
of incorporation)
 
(Commission File
Number)
 
(IRS Employer
Identification No.)
         
16 South Pennsylvania Avenue, Oklahoma City, Oklahoma

(Address of principal executive offices)
 
 73107
(Zip Code)
         
Registrant's telephone number, including area code     (405) 235-4546

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


Section 8 – Other Events

Item 8.01.  Other Events
 
As previously reported, LSB Industries, Inc.’s (the “Company”) subsidiary operating a chemical manufacturing facility in Pryor, Oklahoma suffered damage to the ammonia plant caused by a pipe failure in the primary reformer in June 2010. As of June 30, 2011, the Company and its insurer agreed to a payment to the Company of approximately $8.6 million for the Company’s lost profits and extra expense insurance claim in connection with the damage. This insurance recovery will be reflected in our second quarter 2011 unaudited financial statements.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Dated:  July 6, 2011

 
LSB INDUSTRIES, INC.
 
 
By: /s/Tony M. Shelby            
Name:  Tony M. Shelby
Title:    Executive Vice President and
     Chief Financial Officer