LSB Industries (NYSE: LXU) holders approve directors, auditor and 2026 pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
LSB Industries, Inc. reported the results of its 2026 annual meeting of stockholders. Stockholders elected three directors—Jonathan Z. Ackerman, Diana M. Peninger, and Lynn F. White—to terms expiring in 2029, each receiving over 45.9 million votes in favor, with 12.5 million broker non-votes.
Stockholders also ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026, with 60.7 million votes for and minimal opposition. In addition, stockholders approved, on a non-binding advisory basis, the 2026 compensation of the company’s named executive officers in a “say-on-pay” vote, with approximately 48.2 million votes for and limited votes against or abstaining.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Votes for Jonathan Z. Ackerman: 48,373,376.44 votes
Votes for Diana M. Peninger: 48,253,931.44 votes
Votes for Lynn F. White: 45,987,148.44 votes
+4 more
7 metrics
Votes for Jonathan Z. Ackerman
48,373,376.44 votes
Director election for term expiring in 2029
Votes for Diana M. Peninger
48,253,931.44 votes
Director election for term expiring in 2029
Votes for Lynn F. White
45,987,148.44 votes
Director election for term expiring in 2029
Broker non-votes on director elections
12,505,940.71 votes
Applied to each director nominee
Votes for auditor ratification
60,696,746.14 votes
Ratification of PricewaterhouseCoopers LLP for 2026
Votes for say-on-pay
48,217,328.06 votes
Advisory approval of 2026 executive compensation
Broker non-votes on say-on-pay
12,505,940.71 votes
Advisory executive compensation resolution
Key Terms
independent registered public accounting firm, broker non-votes, non-binding, advisory basis, say-on-pay, +1 more
5 terms
independent registered public accounting firm financial
"ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
broker non-votes financial
"In addition, there were 12,505,940.71 broker non-votes with respect to each nominee"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
non-binding, advisory basis regulatory
"approved, on a non-binding, advisory basis, a resolution approving the 2026 compensation"
say-on-pay financial
"which is commonly referred to as a “say-on-pay” vote"
A say-on-pay is a shareholder vote that gives investors a chance to approve or disapprove a company’s executive compensation packages, typically held at annual meetings. It matters because the vote signals investor satisfaction with how leaders are paid—like customers rating how well managers are rewarded—and can push boards to change pay plans, reducing governance risk and affecting investor confidence and stock value even though the vote is usually advisory rather than legally binding.
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What did LSB Industries (LXU) stockholders vote on at the 2026 annual meeting?
Stockholders voted on three key items: electing three directors to terms ending in 2029, ratifying PricewaterhouseCoopers LLP as independent auditor for 2026, and approving, on an advisory basis, the 2026 executive compensation (“say-on-pay”) resolution.
Were LSB Industries (LXU) director nominees approved at the 2026 annual meeting?
Yes, all three director nominees were elected. Jonathan Z. Ackerman, Diana M. Peninger, and Lynn F. White each received strong majority support, with over 45.9 million votes in favor and 12.5 million broker non-votes recorded for each nominee.
Did LSB Industries (LXU) stockholders ratify PricewaterhouseCoopers as auditor for 2026?
Yes, stockholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026, with 60,696,746.14 votes for, 241,389.00 against, and 34,664.01 abstentions, and no broker non-votes reported on this proposal.
How did LSB Industries (LXU) stockholders vote on the 2026 say-on-pay proposal?
Stockholders approved the 2026 executive compensation on a non-binding advisory basis. The say-on-pay resolution received 48,217,328.06 votes for, 204,866.38 votes against, 44,664.00 abstentions, and 12,505,940.71 broker non-votes, indicating broad support.
What are broker non-votes in the LSB Industries (LXU) 2026 meeting results?
Broker non-votes are shares held by brokers that were not voted on certain proposals. LSB Industries reported 12,505,940.71 broker non-votes for the director elections and the say-on-pay proposal, but none for the auditor ratification item.