LSB INDUSTRIES, INC. 8-K

What Happened
LSB Industries, Inc. announced in an 8-K that it entered a Settlement and Mutual Release Agreement with Benham Constructors (effective March 26, 2026; executed April 2, 2026) to resolve claims related to the El Dorado ammonia plant litigation. Under the agreement, Benham agreed to pay LSB approximately $20.9 million within 60 days of the effective date. The parties agreed to dismiss their claims against each other in the Union County Circuit Court action with prejudice. The settlement contains no admission of liability.

Key Details

• Settlement amount: approximately $20.9 million payable by Benham within 60 days of the March 26, 2026 effective date.
• Case: Global Industrial, Inc. v. Benham Constructors, LLC, et al.; cross-claims include LSB — Union County Circuit Court, Case No. 70CV-16-76.
• The settlement does NOT release LSB’s claims against Leidos Inc. or Leidos Engineering; LSB continues to pursue fraud and breach of contract claims versus those parties.
• LSB seeks actual and punitive damages in excess of $300 million against Leidos; trial currently scheduled for October 2026.

Why It Matters
For investors, the settlement with Benham could provide a near-term cash inflow if the payment is received as scheduled and reduces litigation exposure with that defendant. However, LSB’s larger dispute with Leidos remains active and could materially affect results depending on trial outcome; the company continues to seek more than $300 million there. The filing also highlights timing and collection risks (the payment may be delayed or not received) and notes usual litigation uncertainties that could affect future financial results.