<SEC-DOCUMENT>0001193125-14-130963.txt : 20140404
<SEC-HEADER>0001193125-14-130963.hdr.sgml : 20140404
<ACCEPTANCE-DATETIME>20140404102823
ACCESSION NUMBER:		0001193125-14-130963
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140331
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140404
DATE AS OF CHANGE:		20140404

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LSB INDUSTRIES INC
		CENTRAL INDEX KEY:			0000060714
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				731015226
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07677
		FILM NUMBER:		14744643

	BUSINESS ADDRESS:	
		STREET 1:		16 S PENNSYLVANIA
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73101
		BUSINESS PHONE:		4052354546

	MAIL ADDRESS:	
		STREET 1:		16 SOUTH PENNSYLVANIA
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73101
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d707104d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION 13 OR 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported): March&nbsp;31, 2014 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>LSB INDUSTRIES, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">1-7677</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">73-1015226</FONT></B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>16 South Pennsylvania Avenue, Oklahoma City, Oklahoma</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>73107</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code
<FONT STYLE="white-space:nowrap">(405)&nbsp;235-4546</FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not applicable </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or former address, if changed since last report) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2. below): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;1 - Registrant&#146;s Business and Operations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;1.02. Termination of a Material Definitive Agreement. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March&nbsp;31, 2014, El Dorado Chemical Company (&#147;EDCC&#148;), a wholly-owned subsidiary of LSB Industries, Inc. (the
&#147;Company&#148;), delivered to Orica International Pte Ltd. (&#147;Orica&#148;) notice of non-renewal of the Ammonium Nitrate Supply Agreement, dated effective January&nbsp;1, 2010, as amended (the &#147;Supply Agreement&#148;), between EDCC and
Orica. As a result of the notice, the Supply Agreement will terminate after the expiration of the initial term ending April&nbsp;9, 2015. During 2013, net sales to Orica under this Supply Agreement represented approximately 6% of the Company&#146;s
consolidated net sales. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section 9 &#150; Financial Statements and Exhibits </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item 9.01. Exhibits</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>The information contained in the
accompanying Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Exchange Act or the Securities Act, except as shall be expressly set forth by specific reference
to such Exhibit 99.1 in such filing. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(d) Exhibits. </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center"><B>Exhibit</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>Description</B></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP><B>99.1</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release issued by LSB Industries, Inc. dated April 4, 2014</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>SIGNATURES </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: April&nbsp;4, 2014 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">LSB INDUSTRIES, INC.</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Tony M. Shelby</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Tony M. Shelby,</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Executive Vice President of Finance and</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Chief Financial Officer</P></TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d707104dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g707104p1.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>FOR IMMEDIATE RELEASE</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>LSB INDUSTRIES, INC. ANNOUNCES THAT ITS </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EL DORADO CHEMICAL COMPANY SUBSIDIARY WILL NOT RENEW </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>ITS SUPPLY AGREEMENT WITH ORICA INTERNATIONAL IN 2015 AND </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>IT WILL RE-ESTABLISH DISTRIBUTION TO THE MINING SECTOR </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Oklahoma City, Oklahoma &#133; April&nbsp;4, 2014 &#133; LSB Industries, Inc. (NYSE:LXU) (&#147;Company&#148;) announced today that on March&nbsp;31, 2014,
its subsidiary El Dorado Chemical Company (&#147;EDCC&#148;) sent the required one year prior notice to Orica International Pte Ltd (&#147;Orica&#148;) that EDCC will not renew the Exclusive Ammonium Nitrate Supply Agreement, dated January&nbsp;1,
2010, as amended (&#147;Agreement&#148;) after the initial term ending April&nbsp;9, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jack Golsen, Company Chairman, stated that &#147;As a result
of the exclusivity provision in our current Agreement with Orica, we cannot sell ammonium nitrate produced at our El Dorado, Arkansas facility into the explosives market. Our strategy was to proactively notice Orica of our intention to let our
Agreement expire, and beginning in the second quarter of 2015, it is our intention to commence sales of ammonium nitrate to the explosives market. This is a market in which we have historically participated and have significant experience. Orica
represented approximately 6% of LSB&#146;s consolidated net sales for 2013.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">LSB is a manufacturing and marketing company. LSB&#146;s principal
business activities consist of the manufacture and sale of chemical products for the agricultural, mining, and industrial markets, and the manufacture and sale of commercial and residential climate control products, such as geothermal and water
source heat pumps, hydronic fan coils and modular geothermal chillers, and large custom air handlers. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally are identified by use of the words &#147;believes&#148;, &#147;expects&#148;, &#147;intends&#148;, &#147;anticipates&#148;, or similar expressions, including, without limitation, that EDCC will re-establish
distribution to the mining sector, beginning in the second quarter of 2015, commence sales of ammonium nitrate to the explosives market. Actual results may differ materially from the forward-looking statements as a result of various future events,
including without limitation, general economic conditions, acceptance of our product by the explosives market, inability to compete with our competitors, ability of our plant to produce, receipt of materials in a timely manner, and the &#147;Risk
Factors&#148; in our most recent 10-K. These forward looking statements speak only as of the date of this press release, and LSB expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in LSB&#146;s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. </I></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Company Contact: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tony M. Shelby, Chief Financial Officer </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(405) 235-4546 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mark Behrman, Senior Vice President </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(405) 235-4546 x11214 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investor Relations Contact: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fred Buonocore, CFA
(212)&nbsp;836-9706 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Linda Latman (212)&nbsp;836-9609 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Equity Group Inc. </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g707104p1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g707104p1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`9@!_`P$1``(1`0,1`?_$`-(```("`@(#`0``````
M``````D*!P@&"P`%`0(#!`$``00#`0````````````````$#!`8"!P@%$```
M!@(!`@,!"0L&"0T!```!`@,$!08'"``1"1(3"B$4%=6V-W=8>#DQ02(6EA>7
MM[AY&E$RUA@9.F&1<[,DM"6U.(&A0B-$Q%5E=94V=BAH$0`!`P(!!@8/!08%
M!0`````!``(#$00%(3%1$@8'07$RLA,T88&QT4)RDC-SLQ14=#87H2*3=1:1
MP5)BTC7PPB.#%4-C9"4F_]H`#`,!``(1`Q$`/P`:?<VW'VZJ'<6WAJM3VEV)
MK%8KNS^78>OUROYHR-#04'$,;4]191<1$Q]B;L(V.9HE`B2**9$TRAT*`!SK
M?93`\%GV8P^::TM7RNM(R7.B8226BI)+:DG25YLCWB1P!-*JCO\`7IW:^F%M
M#^GK*/\`2CE@_3^`^Y6GX,?]*PUWZ3^U-@^E3S_G;,^5-R668<TY7RLS@:#B
M!U!M<CY"MEV;0SE]8+ND]<12%DEI)./6>)-TRJF2`AE"D*!A$`#FG=[^&X?8
MV=BZR@AA<Z26NHQK*T:RE=4"M.RI5LYQK4DIT7FBE+0B^^U?[UC#M4[7WG&M
MRL^/[K`Q>+U(2W4V<D:Y9(@[[->.(UX>-F8EPUD&1G4>\604%,Y?&BJ8@]2F
M$.7+=[;V]UMC9V]TQDD#B^K7`.::12'*#D.45XTU,2(R1G"UO_\`:`[V_3,V
MA_3ED7X?YU%^G-G_`'&S_!9WE`Z6325X_M`=[?IF;0_IRR+\/\7].8![C9_@
ML1TDFDKT)W!MZ%?%Y6Z.SJGA'H;R\ZY#/X1_D-X;`/01X?IO`*5]@LZ>A8CI
M)-)7T_M`=[?IF;0_IRR+\/\`$_3FS_N-G^"SO(Z63247#L3[A[9Y0[J>K=&R
M3LWGJ_TJ<7RM[\U*Y96NECK<L###-_D6(2,-*S#E@\!G(-4ETO,3-X%4RF#H
M)0'E,WA8)@]IL?>7-K:6T<[>CHYD;6D5E8#0@5S9$["]SI`"2CB^JFSQFW!F
M+--GV%LNY*Q*]L63,JLI]WCBZ6"FN)MHPI]=<,FLLM`/V*C]NT76.=,BHF*0
MYA$``1YK_=%AUAB%U?B^ABF:R&,C78'4)<:D5S53UR7``M-$F5_:`[V_3,VA
M_3ED7X?YO3].;/\`N-G^"SO*)TLFDKX.-]-YG8%\_<3:-?R_N>#.>3@$OB#V
M^+R+$3^=T^_P;LY@`RBQM*>BC[A"37>>$K\8;U[LCX@#</:`1(;P'+^?K*0&
M(?H`B4Y1M'4AN@_<'H/,OT]@/#8VGX,?]/<1K2:3]J\_UZ=VOIA;0_IZRC_2
MCA^G\!]RM/P8_P"E&N_2?VHB/;:W`VTMF0]J6MJV?V$LK:%[;V_=LAV\_F7(
M<NA%6FLZ]664K=DC4I"PN$V,]7Y-$CAD\2`KAJN4#IG*8`'E;VIP3!H;2T=#
M:6S"[%+-II$P5:Z9H<TT;E!&0C,1G3D;W$NJ3R3W%4#NL?::;]?6PS/\;WW/
M8V/^5,.^#BYH6$OG'<95!.61-IP_TA'RN[O_`#=86^,E]YI'?5U+#_2R\UBF
M6OA)Z#G/RF(+WJ$_L@-Q?_2,2?KXQ?R\;MOG>Q\:3U,B9G\T[_&A:O'G6Z\U
M7_[5V$\=[%]P_4S#&684++C>ZY4:I6ZMG76;MK!&0D+,6,(204;G27&*DW40
MFBZ(0Y#*MS'(!@\77E<VNO[K#-F;R^LG:EW'"2UW\))`J*\-#DT'*G8FATC:
MZ4VSZFW2W5VB:%U3.&.\(XWQKDC'.8<<TF!GL<U"!I!G--N`2L;+5F;:UQA'
MM9B,3,U07:@N4YVJR("D8I3JE/I?=3CN,7&T3\/N;B66UD@>XMD<7_>90@BI
MR'/6E*\-5*N6-Z/6`H0D)^=%J`C.^GN^U]U'_P`OF']1N1^47>5\DWO^UZYB
M>@\Z$?SU??R0Z._.KF#XDUGFM]RW6\1]#'SW*3<\D<:1FYT$<Z@)K?TF5>@+
M'M;M8UL,%#3S9#7NKKH-YF+8RB*"XY(:)BLBF^07(DH9,?")B@`B'LYJ#?))
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M@_\`E.)0#]/&+^7C=K\[V7C2>ID3,_FBM7CSK=>:BL=CW[6#27YTY'XB6WE1
MV]^3K_T/^9J>@\X$Y)ZI3[*^3^L/A#_>4US1FZ/YO'PLW<"E7/FBM<'SJ%>>
MC.^GN^U]U'_R^8?U&Y'Y1=Y7R3>_[7KF)Z#SH1_/5]_)#H[\ZN8/B36>:WW+
M=;Q'T,?/<I-SR1QI&;G01SJ`FS_2-?\`%IMC]76K_K+9\T[OH_LEG\4[F%2K
M3E.[2E7U?/RA:-?_`%'.'^]\><@[E.K8CX\/<>L[K,$FWS>"A(F':Y^4K;S]
MU]W%_P!FNU<JVUO4[+\VLO7L3L>=WB'N+"NZQ]IIOU];#,_QO?<=V/\`E3#O
M@XN:$DOG'<95!.61-IP_TA'RN[O_`#=86^,E]YI'?5U+#_2R\UBF6OA)Z#G/
MRF*M6X6L5*W,UFS)K'D)](155R_3W%<<S44FDM)UZ30=M)FN65@@N)4'3JNV
M.,:/2(G,4BXH>68P`81#T\%Q6XP+%8<6M0#/"^H!S$$4+33@()%>"J1S0]NJ
M<Q6L-[A7:FVT[;UL.TS+4_QDQ3)2!VE+SY26SQ_C>SD.H<&;247,F9U2+0LD
M4!/&28)G,;K[G4<)@"@]9;-;8X/M3!K63]2]`JZ%U`]NDC@<.RW@S@%>;+$Z
M//R51C%65,AX.R-3<NXFMDI1LDX_G&UCI]LAC(A(0TLU`Q"+)D<I+M7""R*A
MT5T5DU$5T%#IJ%,0P@-@O+2VO[:2RO&"2TE;JN:>$=I-@EIJ,A3JNF'?.TV[
MD5$KVH/=NQ?C")LK^;KSF(N-M8%-KSDBU0YA)!2<Z@\<`3%EO!VN84_=*IX9
M110PIN&XB5`-$8]N\QS9>Y=C>Q<TSH@UU6-/^M&TYP*><:1H&L.$'.IL<S9!
MJR9_L*.HV[,?:@>((NFFB>MSEJY12<-G*%,;+(.&ZQ`417062='35163,!B&
M*(@8H@(>SFO3MWMD"6G$+H$?SGO)WH8OX0I2P]VO^WWK[D:NY=PIJ/A7&F3:
MB:2-6KM5*LG&S\*,Q%/8.4%@\*L<R(OHB17;J>S\))4P??Y#O]K-IL3M76-_
M>SRV;Z:S'.J#0U'["`5DV-C34``I=SU?7R0Z._.KF#XDUGFS=RW6\0]#'SW)
MFYY(XTC-SH(YU`11NUAW/;9VM\H91R?4<25[+KS)]!C*$ZBK%9Y*K-XAM&V)
M.PA(MW,;&2JCI=95($A3,0I0+[>OWN5+:_9.':ZTAM)YWP-BD+ZM:'5);JD9
M2.-/12=$2:5JNM[GW=$S!W1<J4?(&2J=5<;5W&58D:Q1*#4GLC+-(XLX^;R-
MAFI6<E2(.I:8F%V3<@B5%!%!!N0A">+QG.NR6R-ELC9R6UK(^669X<][J"M,
MC0`,P%3PDDDY:4")93*=`"&7RV)E&0[3>`LP66(WYV!BZ%81POC;MI[YU^T9
M(=1SEG5$[-;-?K1%PE7BY=PD1G,6%<X'65:MCJ*-VR1E%?``E\5(VRQ*RA?A
MV&OD;[=+BMH6LJ-;5;,TEQ&<-X*D4)R!/1-)#G>#JGN*M7=8^TTWZ^MAF?XW
MON>GL?\`*F'?!Q<T+&7SCN,J@G+(FTX?Z0CY7=W_`)NL+?&2^\TCOJZEA_I9
M>:Q3+7PD]!SGY3%S@A8M=J/3<E5.?H>0:M7[M2[3&N8>QU2TQ+*;@)R,=D$C
MAC)Q<@BX9NVZ@?\`1.0>@@`AT$`'CL%Q/:3-N;5[H[AAJUS2001F((RA!%10
MI+GND^F)>1YY_-W;;2%XRZ/I>Q:KS\O_`*2U`!%PH.%;7,N`!=$B?C\$#++^
M/\$"M79A$C;F]=D=[#3JV&U)H<@;<-'K6CGM'&WA422V\*-)NVJJ6:DV*<IE
MWK<Y4;;6Y!Q#V6J6F(?0E@@I-L84W,=,PTFW;OF#I(Q>AB*IEZAT$.H"`\WA
M%+%<1-G@<U\+A5KFD$$:00H1!%01E1NNUYWX]G.WT[@L;7EQ+;!:LHJI-%<8
MV*744M^/8X3F\;C$=KDE%C1B#8R@J>\KT58M8`$B0M#F%8*#M=N[PK:8/NX*
M6V,'+TC11KS_`-QHSG^9M#IULRD1W#F9#E"V#NG6\^LF^&,F^4];,DQESBDR
MH)66M.!)%7RA2BZ8*>\EZI[A4TK7Y`H^(I#F*=HZ\!CMEEDP`X\V8Y@&+;.W
MALL5B<R3@.=CQ_$QV9P^T9B`5.8]KQ5J6C]7U\D.COSJY@^)-9YM3<MUO$/0
MQ\]R8N>2.-(S<Z".=0%:[4S2#:'>:UVND:LXP/E*T4BO-;5:(M.UTNJ#%P+V
M2)$-GXN[K8:ZR=>;('!/RT%%%0Z]1*!?;SQL9Q_"-GX67&+S=%%([5:=5SJF
ME<S03FX<RS9&Y_)7XMI-+-IM*;5$4S:+"]IQ'-6)HY?UI68/$RT!9FK$Z"<@
MI7;56I&9K4R>.4<I@Y30='5;BH3S"E`Y1'+",>PC'H3/A$[)V-IK`5#FUS:S
M7`.%>`TH:(>QS#1P57N>NL$7+M2Y<RE!N-YL21-]LK7%MY[9._CZW8^/+/G%
M2E9"MZ]VR6@99."5<FC6,W'2`]2O$DBKF1442,82''I3-L+*SD;87KXVF[CQ
M6S#'T&L-:9H<*TJ01P5H#E3T1/WFU^[J%01W6/M--^OK89G^-[[D_8_Y4P[X
M.+FA8R^<=QE4$Y9$VG#_`$A'RN[O_-UA;XR7WFD=]74L/]++S6*9:^$GH.<_
M*8J3]Q_/%_U@T5VBV"Q8I#(Y$Q+B:P7&H*V&,&9A"34;[G]S&DXL'+,7S4/,
M'Q)^:3K_`"\][9?#K;%MH;3#;S6]FFF#7:IH:'0<M#VEA(XM87#.`D2OXH;N
MH_\`BVO/Z&EOZ7\Z$^DNR&BZ_%']"A^TO["N)V]_4,=Q?9/>'5O`>39+""N/
M\MY>KU+MZ<#BM2)F3PDD1V9R6,E#6=W[A=B*)?"IY9_#_)SQ-I=V>R^%[/W>
M)6@N/:882YM9`14:1JBH[:<CGD>\-R4)1$_588`PNKIS3-D/S;U=#.L7G#'N
M/4,HLX\C&VN:5.PUN7D*U+R#041G8L5HE`R!'H+BT,0?(%/QG\59W/XC??\`
M-R87TKSAYMWR=&35H<US*.`X#E-:4K7*ENFMZ/6X4@-SHY043_LRYUOV!.YA
MJ1-469?1R&0LNU+#M[BF[M5&/M5%R7*(U:5B)EJ4?(?HL5I%)^U\TIO(>-4U
M"=#%Z\J6W6'VV([)WL=RT'HH'2,/"U[!K`@\&;5-,[20G87%L@[*9:]7U\D.
MCOSJY@^)-9YJK<MUO$/0Q\]RE7/)'&D9N=!'.H";/](U_P`6FV/U=:O^LMGS
M3F^C^R6?Q3N85*M.4[M*\GJ\DR#@'3-02$%0F:\A$(H)"BH0BE":F4(4_3Q%
M(H9,HF`!Z&$H=?N!RO[E/[A?C@Z!G/*<NN2$B9SH-043#M<_*5MY^Z^[B_[-
M=JY5MK>IV7YM9>O8G8\[O$/<6%=UC[33?KZV&9_C>^X[L?\`*F'?!Q<T))?.
M.XRJ"<LB;3A_I"/E=W?^;K"WQDOO-([ZNI8?Z67FL4RU\)/0<Y^4Q#![TOV4
M^]WU?+?_`-TY;-A/G##OB6_O3<WFG<2U1W.PUY:)#V>_M2M#A_\`Z*IW^;D.
M5;;<TV0Q#X9WVT">@/\`JM'#E3F_JJ_LRZ]_@VAQ((_^PW_FC=SY_P#JG_!R
M<YBE7(K%3LK73\Z;7GJ[7;4^T1T9^M?@K]84'SP-JOEC$?@Y>85G'YQO&$U_
MZOOY(='?G5S!\2:SS3FY;K>(^ACY[E,N>2.-(S<Z".=0$V?Z1H/_`-9[9#]X
M-=JL'_+^<IF/-.;Z#_Z2S/\`Y;N85*M.4[M*[_J\G;4N"-,6)G")7JV9<CNT
M6@JD!RJU:T5@DY<IHB/F'0;JNTBG.`>$IE"@/M,'*_N4!]OOW9:=#']KBG+O
MDA(H\Z#4%$P[7/RE;>?NONXO^S7:N5;:WJ=E^;67KV)V/.[Q#W%A7=8^TTWZ
M^MAF?XWON.['_*F'?!Q<T))?..XRJ"<LB;5@,";6;*:LOK))ZWYPR+A.1N32
M.86M[CR=/!.;`RAUG3B*:R:J:2HN$6"[Y8Z8>SPBH;^7GFXA@^%8LUK<4MX[
MAK"2T/:'!I.>@.F@637N:?NFBL:[[O/=%(U<G+OKLR4Q4%3%,&0W/4H@F80$
M/]%^Z`\\QNQ>R1<!_P`=:9Q_TQIXUGTTFDK8"=R"9EK'V*L^V&>D'4O.SVCD
M%,S4J^4\Y[)RTI2ZR^D9!XMT#S73UXN=10W0/$<PCSG#9B-D6\.WBC`;&W$'
M``9@`]P`'8`4Z7S)XEJ[N=:+S%DE-N-JQY;JO?J+8)6IW6E3\5::E9X-T=E,
M5^Q0;U&1B9>-=)_A(.V+UN0Y1]I1Z=#`)1$!9N((;J!]M<-#[>1I:YIR@M(H
M0>TE!(.L,X5_=VN[%NWW!J?0<?[*9%@YBEX\=DF(ZMTVHL*5%S]I39*1R=QM
M[>/7<%FK$@Q<+)HB3W.R;`NJ*+9,RAA&N8!L;@&S<\MSA<3FW$HH2YY>6MK7
M494"C3DK6KC05*<?,^1NJY#>Y:4TKM=M3[1'1GZU^"OUA0?/`VJ^6,1^#EYA
M6<?G&\837_J^_DAT=^=7,'Q)K/-.;ENMXCZ&/GN4RYY(XTC-SH(YU`4I8KSC
MFC!<I*S>%,M9&Q',SK!**FY;&]PG:;(R\6@X!XC'23R!>LG#QDD[*"I4CF,0
M%`\0!UY$N["QQ!@COX8IHVFH#VAP!T@$&A[*R#G-Y)(7IE+-V9LY2L?.YJRU
MDG+DU$,CQL3*9)NMAN;V*CU%?/591B\_(/C,&RRP`<Y$O`!S``FZB`<+2PL<
M/:66$,4+'&I#&-:#QT`J@N<[E$E1AR6L43#M<_*5MY^Z^[B_[-=JY5MK>IV7
MYM9>O8G8\[O$/<3A6RGI@M=]EMA<V;#6#9S.%:G<VY,MF39>O0L!0%X>$D+;
M*+2CJ,C%W\4J]59-%%A*F94QE!*'M'KS26%;V<2PK#+?#([.W?';Q-C#BY]2
M&BE30TJ>PI3K9CG%Q)J2H2_A%=7_`*6^P?Y-XU^!N3_K3BON-MY4G?2>R,TE
M<_A%=7_I;[!_DWC7X&X?6G%?<;;RI.^CV1FDKYK>D1U>6242';C80`43.F(A
M6\:]0`Y1*(A_L;[W7BC?3BH-18VU?&D[Z/9&:2F+,XZA5;.6E=MTHF+=88*H
M6W"L;A1S=(MM&+69G$1D+&PB4TW:NT#Q1Y-1&,*<Q3)BEXC#T#ITYK##\;FL
M,?9C[6-=,RX,NH2=4DDFE10TRJ0YH<PL.8A+K_PBNK_TM]@_R;QK\#<V=]:<
M5]QMO*D[ZC^R,TE<_A%=7_I;[!_DWC7X&X?6G%?<;;RI.^CV1FDKG\(KJ_\`
M2WV#_)O&OP-P^M.*^XVWE2=]'LC-)7/X175_Z6^P?Y-XU^!N'UIQ7W&V\J3O
MH]D9I*E[7_TN>NFON=<.9W@]H,Y6":PWDNFY,B8*7@,?(Q4Q(TR=9SK2,D5F
M44D\29/5V8)JF2,"@$$?"(#R#B>]O$\2PV?#GV=NUL\3F$ASZ@.!!.4D<*5M
MLQK@X$Y"B8=TGM3XU[IE6P]5LCY4OF+FV';+:;+%.J+'5V07F'%JB(Z(<MI$
MMA9NTTD6J4<4Z8I`4PF,/BZARJ[([87.R,L\UM#',9VM:0\N`&J2<FJ1IX4[
M)&)*`\"#E_"*ZO\`TM]@_P`F\:_`W+Q]:<5]RMO*D[Z9]D9I*\?PBNK_`-+?
M8/\`)O&OP-P^M.*^XVWE2=]'LC-)7/X175_Z6^P?Y-XU^!N'UIQ7W&V\J3OH
M]D9I*[B+](YJ$B"WOUM'LM(B82>Y_>YKBV(\H`\7F>:#BF3'GB<1#IT\OP]!
M^[U]C<F^?&R1T5I:-'9Z0_YPCV1FDJR&O?II=3=<Y[)E@JV=]BYQSE'7[..N
MTPC87F-3H1]6SQ1)&@6.;C/>Z@,%"S\/&21UF(JBHV!<H>:DH3J4?+Q+>IC6
M)QQ1S6]JT17,4PH),KH7A[0:O.0D4=PTS$'*LFV[&URG**(AZG=NT<3W72[?
M`9)L*NT*MK_$H::ECF\FA4K)^*1KP+!:Y^\85<@!6R^?YONH4O$($\7C_!YJ
M]2%@.QO>[[=>J&Q4KJSG++ECJ.7X1]3&$O&DQAD"7K\<I?&$5)U]P[MD5`.X
M!)D=A,H*N%A7\MJ43>8)?";HE:&B%*.X_=6TMT,R!B_&6R>0K#5;=F.,]^*"
MT@<?7.Z,Y6/&>:UL%UI*KP\FQC_%*O$R`"QR")#>/^:'7BH44;+=\;MM:C9H
MN>OV>,W3%2RG0/>4+3`-L7Y)L"$>-@@8VRQ?AEX&L2$4Z\^'ED%1\I8X$$XE
M-T,`@!V.%"Z[`'?B[7.R^6*=A+%NR2#C(F09%.%I45::'D&EL;'/N/"#&OL)
MVSUF-A`FI0PB1HW4<)G=*AY:7B4,0AA"RV0[S^@,7N(30]YDVU)[)J93B\,E
MJ1<77]2&_'^8*S.PC!MY($U9]RJ%?I]77NGW.3K[3!T'@A=[5>[UHQ=-T7_;
M_@,C6=SLY&W2W8_=5!;&MZ:PI;/1X"4LMB9DN3B$3JZB+6(AW"A%@<^4L8H%
M(83&`!$*K#SU(G:E:3UBK)<M92D)FJ.YYI/M(?7C-,P:."L.EV<Z]<&C::Y*
M2+C56QQ5=#T;D('B$X%$!XE<M-"%-^-^^!V[<L:][`[0TG*=ND<.:PN:,TS#
M/N<3Y%CI"!6R-(&BZH$?`/:^C,SY7SP@E.+-%8$`]JGA#V\7@JA0I2O4A=I[
M(-TJ%`J^:[X\L]ZM$!3JXS7P=EADB[GK-*M(6(;+/'=52:M$EY!ZF4RJABII
M@/B,(``CQ*Y:(649O]0CVN]=\NY*P=E3,=UA,B8DM\Q1KQ%M,,Y0F&,;8X)P
M+62:MYB,K3F,D4$EPZ`L@H=(_P!T!$.%<M$+LM?N_P!]LG9[,^.L!8>R]=)[
M)F59XM;I<3(8<R;`L9&6,Q>2)45YF8K;2+8)"T8J&\Q94A.H`'7J(<5"D+#?
M>J[?>>L[WG6[&N3[9+Y9QS&97E[7"/<5Y"AV#)CA4'IL@J(3DG`-HAZ>+"/5
M\HJ2IC.N@>5X^H<$*K:7J<^S\L=JF7.]]*9ZL@@W%3!&7DRG4<*$32+XCU,`
M#Q&4#[OW`X(5D=H.^#V\-/<SN<`9RR;=H3*3:OT^S&K]?Q!DJXE5B[Y&)RU8
M%J_K-<DF3MY(,U2CY"9S+$./@,4#>S@A85BSO_\`;0S+=+#CNA9+R;(W6KX_
MRMDN8K3W`>8(F80K6%J'8,D7\B<=(U%N\<3L=5ZP[.A&D(+UXX(5NBF=8Y2"
M(2PQ?[WB;ZT0_LK<$(>WJ1R`IWA=H$S?S3U[")!Z"(#T-AJG`(@(>T!#KS$\
MH(71[W;@*[GX[[/%ZGYA.6R7C3&<E@W*WB4*+\MJQGFNKP\7,/R@<R@JVNG>
M]LD*A@#S57"O3KX1XI0IL[QL='S'J&;C$2S%G)Q4KGW3V,E(R0;I.X^1C7]4
MPTT?1[YHN11!TR>M5CIJI'*8BB9A*8!`1#BD"M>&B%5':VH5;&7?$R92L=5^
M)H]1I_<4J<;5*U5F*$'"5J/;Y8J+ALP@HZ/*BVBF3594PI)(%(FEUZ$*4```
M2@S\*%>J]?WJME^\CQS_`*M5^*A3/K9_>VKEU^EKL_\`XQPGD<."%$?9SOM(
MUQ[A7<1PGL9(-,+Y(SUAC8/`.-(;+3,:8W>Y4M]^-)5ZH3<M9$6D=4S6MAX1
M:.'ZC=F\\1"E4-YB8&0!"-=V0>RMF+"VKN\>M?<KPE!-\<['2V$';:IPN586
MP$LT?CAI89%X9>;QG8SR,&:.GSL3DZKHF7#KT\1`,'%0@3>G0U'P!M!W)\L4
M[-U%"XUW"F.K9EG&D>,[8(8*[?<?9YQS%U*<]T0<G'.9'WK8OE2>0Y.JW5\7
M50AQ`."%V<%*4*&]4;<)7*,C3XG'['?/-2UIDK^[A&%-:1XU*\IIJS[RQJ)0
M;=H+Y1("&<&`GGB0"_AB7F/A]I"KYVVAA)'U`&'W%*",>51;=[,+ZMJ5A-NM
M`&J_OCDMQ%NX7WL(+`L`$29,Z!T0!N5OX1+T)TYDA3CVI/MG=Q?\./NY9_B%
M*WCTXISH4M>E+F<&0NR>SBV=Y;$T5"N,#TY&O*Y;?4YC&+3/X_-CJ)0I[DJD
MV4D@;>TQ4!%7P?=]G,17A0I&[P5H@]?_`%(NO>P67FTG3L(P\[J/=U+X^KTH
MYK;ZI4IJW:VF8@56S)=.PMJNX)T=D9`NHW$O02]?"`JA$?PGI-F^$[ZF0N\&
M=/%!NW',P66\KLMCX?,6-9"MJ4%_K"I77%S7AXV=5F6\2A.L7)GJZB(>YR)J
M++>$H&-P0AN%_O>)OK1#^RMP0L'[GFML=N!ZD7(^L\BZ,P_._5JU7(B1*<4P
MCK4VU#<3M-?J&`>GN=I;(ED=4!Z@*0&`>8GE!"6HJT)-5G+U4J]C8KQ=@K66
M:Y7Y^*<E.1:,GH2[L(J88JI']J:[209J)']@#U)Q14#+G0CQ=WS^\56'ZQ>F
M7Q<PMS(Y^TA5GWE^WKS?^\AK'ZT:;Q$*Y%Z_O5;/]Y'CG_5JOP0IFUM]OJVK
ME];79_\`YL*9''B(5B<W9^U9[^D'OK%9$U)/@+.^A.NF5\P4#8FIY!8V"V6H
MF+Y2;8(T"U1OXG0;>9I<XM$`<R+U5RJP!03-#HJ>(QUK4TX4*X/I4MQ-AL]8
M!V:Q3FC(TSDFH:Y_FQ;XE/:%/?.SUJ!M<)=%I&KGM+D5)67@6(UUN$>D\.L=
MBGXDDS^5X"$$(77I1U@<]T3:-R!1(#G6K+#D""/B$@.-@\5K`01Z``B4#].O
MW^G!"K)(86Q=L7ZF?)&#\UT^/O\`BK)&]&:8&[4V4<231A/Q2=9N<JDT<.HA
M['2;<$9&.06*=!=(X'2#V].H#B:Z_:1P*/.W[1(K!?J'\>X@Q>_FZW3<;;U9
MEQ57$4Y5VM(&Q]59G(M?8UR5D/,36E&KR#C$FSKS1-[H+U$X&$>9=Q"E3M2?
M;/;C?-_W+/\`-7#BG.A=%Z<30#5KN"YZSU2=IZ$^OU>QMB"IW>GLV5KLU3-&
MV-S=FT6L\.XK$G%N'A#LNA/+6,=,/N@7K[>8C]Z$R#W"-V]:M@.X;2NQSL9I
M;'Y6HMXEL:5N!S>KD@L-:,<2EZQN>UL;=2&:-2<34)8:X1L1`%4)1,KL"]%R
MG1,=$Q7+1""1VQX7*&..Z#N)V087.N07FF.8&.]&M=LA)@(J3D&D?&XGR/"1
MN1:FS=ME8>I7PI`(H\48HI,Y$Q>CA`X>'P*A$U#7C0O^(U',`=PU7^M=^?H9
M7^I__5@S!Y?XR_F`")_%7\^7N#\W?_QC_:WNSS?(_P"S=?-]G!"R?)6#-8'?
MJ9J5EZ0WDJ43L"WGZ0JTU%5U^SD\LL@NWUK=Q#-L3-+2&/B)L:0@##+%.HZ`
MJ21?<Y^BX^'B'.$(1/<6U;[8-U[G^=+O7>Z'CG"DY);"0S^WX2<:F;/9!-7,
MNL9B#1R%"1]^HE3/1)%M.W=HX7\YHLJV:N':A#*""8B"E"G/NNZNZIW_`+Q^
M0[I(=T''>`MBY/)>O"E:PS8-1]DLE/:S?6%.QJSQ\@^NU4@%\<S*<X_;,7G7
MW2#5!-R"3DQ1(KT#^Y"KPXT_TVA>Z6SL.Z/=[IMWV!B=OZQ,YQQY6M*]F:O/
MV[+C&\0SPM.86>-J3W&U>0G+$FS9F>MC*1S9JH*A#]`\?!"G_:[5#7>W][Z^
MW#"W=;I&(=R9K;&HRF/\0S6G&Q-YEJ5FT&=:+"UA>XL:^?%-B9B^13.+I1R$
M<+=82KG*!3F`0I-T)U<P?1.^_#77+7=$I6=]V(O,6>7&1<+P>HF?\;R=JRJ_
MQI?&=M8(7:8@D\30<9!QKMR\3.W=&9K-VA$FISBH01$*K>KVF=27N?<,=Z8=
MY6@L$I'#6<%-OXIGHMLD]6K^O+NV2CB]M%7MMK:"3UY%*BNW\Z`%>352!8[<
MADQ$P(,YIG0C">F8PCK-B&K;L(Z][LU/;EI8AQ*-K=UK`F;<+$QX5E#9!3B@
M>(Y>AXI:S!-(.EU">]X*>0#405Z"H3JJ%6_TY>O>I6*=^L]6;!/<&I>U=UD]
M?[_%S.,Z[K7L'AY_6H1UF/'#][9U[7E:"C*S*MXR5:(,#-&RAG2IW8+$`4DU
M!`0L+QOKGI^T]1@]RLP[BU(ELZFW,RM/GU53UBV+9V%.UO:I=$)*@CF!W`%Q
M49Y"MG"JYY$'7O>N#<2)F$QR=<3RNS1"C37K6?2^+[^9<FP?<LHEIS1_7NSA
M9`UH;ZJ[+1$\-RD;/D5:7QO^=64KR>,_=U=<.UT3RGNGWM="T$R)Q*H3KDA=
MQVZM:]-*IW2]GKG1>Y+1<J9%F*9O@WL.&X_5K9.H2E/:65.S?CD_<WBU5YM3
M9LF-@64\]-FL=24\D?<8'\1>!0J[=JO25^7).01[7G>OA5,@ITROGRL6@Z&[
M))OG%`)8T#1R3X<E4TT>DU6F@Z%%O_UY3#^%^!UX@IP(5V>X1K%CJ_\`?8J=
MQQKW-Z-@'>E5WKPWQ=B&:U,SMDV3:7N)Q='-(60?7")@SXC=L+7$HKNUD73I
M-NT:K'2=&3,4W0.<(4/:4:EU*M]WS+<M`]V7'V1^X\^C]VH23J[;3#/U7>0>
GP]FP_DB'F;NK(6"";8G?L,:V9][\J1J#DS65;,?<K0QQ53ZJA?_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
