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Chemical Week Magazine :: Business & Finance :: United States/Americas

LSB Industries counters moves by activist shareholder Engine Capital

5:54 AM MST | January 24, 2014 | —Clay Boswell

Jack Golsen, chairman and CEO of LSB Industries, has issued an open letter to shareholders defending the company’s business strategy against criticism from shareholder Engine Capital. The letter, which appeared on 21 January, follows the 17 January resignation of four members of LSB’s board, a move meant to block Engine Capital from forcing major changes on the company, according to a report by Forbes. Engine Capital, in a letter issued on 30 December 2013, criticizes LSB’s governance, corporate structure, communication with shareholders, and...

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