LSB Industries, Inc. announced that it has appointed Diana M. Peninger as an independent member of the Board of Directors of the Company effective March 5, 2020. Ms. Peninger will stand for direct election by shareholders for the first time at the annual meeting of stockholders on May 14, 2020. In addition, the Board nominated Steven L. Packebush to stand for election as a member of the Board to replace Jack E. Golsen upon his retirement from the Board of Directors at the 2020 Annual Meeting of Stockholders. Ms. Peninger is a highly accomplished executive with a career spanning 30 years in the global chemical sector. She is currently the CEO of Geneva Lake Partners, an advisory firm working with middle market private industrial companies. In addition, Ms. Peninger serves on the board of Rogers Group, Inc. where she chairs the compensation committee and is a member of the audit committee.
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.