LSB Industries +3.5% after boardroom shakeup

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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs