UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of
report (Date of earliest event reported) August 16, 2006
LSB
INDUSTRIES, INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
1-7677
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73-1015226
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||
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
||
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16
South Pennsylvania, Oklahoma City, Oklahoma
(Address of principal executive offices) |
73107
(Zip
Code) |
|||
Registrant's
telephone number, including area code (405) 235-4546
Not
applicable
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Section
8 - Other Events
Item
8.01 Other
Events
On
August
22, 2006, the Registrant issued a press release to report that it has received
notice from the Securities and Exchange Commission of an informal inquiry
regarding its change from LIFO to FIFO of certain heat pump inventory in its
Climate Control segment, resulting in LSB’s December 2005 restatement of its
audited financial statements for year ended December 31, 2004. The press release
is attached hereto as Exhibit 99.1.
Section
9 - Financial Statements and Exhibits
Item
9.01 Financial
Statements and Exhibits.
(c) Exhibits.
Exhibit
No. Description
| 99.1 |
Press
Release dated August 22, 2006.
|
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: August
22, 2006.
LSB
INDUSTRIES, INC.
By:
/s/: Jim D. Jones
Jim
D.
Jones
Senior
Vice President-
Treasurer
& Corporate Controller
COMPANY
CONTACT: Tony
M.
Shelby
Chief
Financial Officer
(405)
235-4546
KCSA
CONTACT:
Leslie
A.
Schupak/Joe Mansi
(212)
682-6300, ext. 205/207
August
22, 2006
; AMEX:LXU
LSB
INDUSTRIES, INC.’S ANNOUNCES
INFORMAL
INQUIRY
Oklahoma
City, Oklahoma . . . August 22, 2006 . . . LSB Industries, Inc. (“LSB”), whose
common stock is traded on the American Stock Exchange under the symbol LXU
(AMEX: LXU), today announced that it has received from the Securities and
Exchange Commission (“SEC”) a letter advising LSB that the SEC is conducting an
informal inquiry regarding LSB’s change from LIFO to FIFO of certain heat pump
inventory in its Climate Control segment, resulting in LSB’s restatement in
December 2005 of its audited financial statements for year ended December 31,
2004. LSB intends to cooperate fully with the SEC in this informal
inquiry.
LSB
is a
diversified holding manufacturing, marketing and engineering company. LSB’s
principal business activities consist of the manufacture and sale of a broad
range of air conditioning and heating products consisting of water source heat
pumps, geothermal heat pumps, hydraulic fan coils, large custom air handlers
and
other products used in commercial and residential new building construction,
renovation of existing buildings and replacement of existing systems and the
manufacture and sale of chemical products for the industrial, mining and
agricultural markets.
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