- LSB Industries (NYSE: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.
LSB Industries +3.5% after boardroom shakeup
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LSB Industries, Inc. |