On May 8, 2008, LSB Industries, Inc. (the "Company"), received a fully executed new labor contract signed by El Dorado Chemical Company, a subsidiary of the Company, and International Association of Machinists and Aerospace Workers AFL-CIO on behalf of Local No. 224. The Agreement has an effective date of October 17, 2007 and expires October 16, 2010. A copy of the Agreement is attached as Exhibit 99.1 hereto and is incorporated by reference in this Item 1.01.

(d) Exhibits.

Exhibit       Description

99.1   Agreement, dated effective October 17, 2007, between El Dorado Chemical
       Company, and International Association of Machinists and Aerospace Workers
       AFL-CIO on behalf of Local No. 224 and El Dorado Chemical Company.