LSB Industries (NYSE: LXU) ends NYSE listing for preferred rights
Rhea-AI Filing Summary
LSB INDUSTRIES, INC. (LXU) is having its Preferred Stock Purchase Rights removed from listing and/or registration on the New York Stock Exchange LLC under Section 12(b) of the Securities Exchange Act of 1934. The Exchange certifies it has followed its own rules and 17 CFR 240.12d2-2(b) to strike this class of securities. The company is also stated to have complied with Exchange rules and 17 CFR 240.12d2-2(c) governing voluntary withdrawal of this class from listing and registration.
Positive
- None.
Negative
- None.
Key Figures
Commission File Number: 001-07677
Issuer telephone number: (405) 235-4546
Form expiration date: March 31, 2018
3 metrics
Commission File Number
001-07677
File number for LSB INDUSTRIES, INC. under the Securities Exchange Act of 1934
Issuer telephone number
(405) 235-4546
Telephone number of LSB INDUSTRIES, INC. principal executive offices
Form expiration date
March 31, 2018
Printed expiration date on the Form 25
Key Terms
Form 25, Section 12(b) of the Securities Exchange Act of 1934, Preferred Stock Purchase Rights, voluntary withdrawal, +1 more
5 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Section 12(b) of the Securities Exchange Act of 1934 regulatory
"under SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934"
Preferred Stock Purchase Rights financial
"Preferred Stock Purchase Rights (Description of class of securities)"
voluntary withdrawal regulatory
"governing the voluntary withdrawal of the class of securities"
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
FAQ
What action is being taken regarding LSB INDUSTRIES, INC. (LXU) securities in this Form 25?
The filing removes Preferred Stock Purchase Rights of LSB INDUSTRIES, INC. from listing and/or registration on the New York Stock Exchange LLC under Section 12(b) of the Securities Exchange Act of 1934, using the Form 25 process.
Which class of LSB INDUSTRIES, INC. (LXU) securities is affected in this Form 25?
The class affected is the company’s Preferred Stock Purchase Rights. The notification applies specifically to this class and not to other classes of securities unless separately stated.
What regulatory provisions are cited for LXU’s removal of Preferred Stock Purchase Rights?
The removal references 17 CFR 240.12d2-2(a)(1)-(4), and states compliance with 17 CFR 240.12d2-2(b) by the Exchange and 17 CFR 240.12d2-2(c) by the issuer for voluntary withdrawal from listing and registration.
Does this Form 25 for LXU indicate voluntary withdrawal by the issuer?
Yes. The text states that the issuer has complied with Exchange rules and the requirements of 17 CFR 240.12d2-2(c) that govern the voluntary withdrawal of the class of securities from listing and registration.
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