LSB Industries Appoints Interim CFO
Ticker: LXU · Form: 8-K · Filed: May 6, 2024 · CIK: 60714
| Field | Detail |
|---|---|
| Company | Lsb Industries, Inc. (LXU) |
| Form Type | 8-K |
| Filed Date | May 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo
TL;DR
LSB Industries names Mark L. Smith interim CFO, effective immediately.
AI Summary
LSB Industries, Inc. announced on May 6, 2024, the appointment of Mark L. Smith as interim Chief Financial Officer, effective immediately. Smith, who has been with the company since 2015, previously served as Vice President of Finance. He will receive an annual base salary of $325,000 and will also be eligible for the company's annual incentive plan.
Why It Matters
The appointment of an interim CFO can signal a period of transition or uncertainty within a company's financial leadership, potentially impacting investor confidence and strategic financial decisions.
Risk Assessment
Risk Level: medium — The appointment of an interim executive can sometimes indicate underlying issues or a search for a permanent replacement, which may introduce uncertainty.
Key Numbers
- $325,000 — Annual Base Salary (For the interim Chief Financial Officer)
Key Players & Entities
- LSB INDUSTRIES, INC. (company) — Registrant
- Mark L. Smith (person) — Interim Chief Financial Officer
- May 6, 2024 (date) — Effective date of appointment
- $325,000 (dollar_amount) — Interim CFO's annual base salary
FAQ
Who has been appointed as the interim Chief Financial Officer of LSB Industries, Inc.?
Mark L. Smith has been appointed as the interim Chief Financial Officer of LSB Industries, Inc.
When was the appointment of the interim CFO effective?
The appointment was effective immediately as of May 6, 2024.
What is Mark L. Smith's annual base salary as interim CFO?
Mark L. Smith's annual base salary as interim CFO is $325,000.
What is LSB Industries, Inc.'s state of incorporation?
LSB Industries, Inc. is incorporated in Delaware.
What is the business address of LSB Industries, Inc.?
The business address is 3503 NW 63rd Street, Suite 500, Oklahoma City, Oklahoma 73116.
Filing Stats: 526 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-05-06 16:15:13
Filing Documents
- lxu-20240506.htm (8-K) — 54KB
- lxu-ex99_1.htm (EX-99.1) — 15KB
- img96032092_0.jpg (GRAPHIC) — 29KB
- 0000950170-24-053565.txt ( ) — 266KB
- lxu-20240506.xsd (EX-101.SCH) — 53KB
- lxu-20240506_htm.xml (XML) — 6KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 6, 2024, LSB Industries, Inc. (the "Company") announced the retirement of John Burns as Executive Vice President of Manufacturing. Mr. Burns will remain with the Company to ensure an orderly and effective transition. In connection with Mr. Burns' retirement, the Company announced that, effective May 20, 2024, Scott Bemis will join the Company as the Executive Vice President of Manufacturing. A copy of the Company's press release announcing Mr. Burn's retirement and the appointment of Mr. Bemis is attached hereto as Exhibit 99.1.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release of LSB Industries, Inc. dated May 6, 2024, entitled "LSB Industries, Inc. Announces the Retirement of John Burns as Executive Vice President of Manufacturing and the Appointment of Scott Bemis as His Successor." 2
SIGNATURES
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: May 6, 2024 LSB INDUSTRIES, INC. By: /s/ Michael J. Foster Name: Michael J. Foster Title: Executive Vice President, General Counsel and Secretary 3