LSB Industries +3.5% after boardroom shakeup

|About: LSB Industries, Inc. (LXU)|By:, SA News Editor

LSB Industries (LXU +3.5%) and Starboard Value reach an agreement that will add two Starboard nominees to the company's board and form a committee to provide recommendations related to strategic matters; the board size remains at 10.

Starboard agrees not to solicit proxies or participate in any withhold campaign in connection with the 2014 annual meeting and to vote in support of all LSB's director nominees.

Starboard owns ~4.9% of LSB's outstanding shares.