Oklahoma business briefs

Oklahoma business briefs for May 30, 2012
Published: May 30, 2012
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OKLAHOMA BRIEFS

$6.5M spent on plant equipment

A subsidiary of Oklahoma City-based LSB Industries Inc. has spent $6.5 million on chemical plant equipment. The components are intended to improve LSB's ammonia plant in Pryor, and may also be used at the company's other chemical facilities, the company said. During the next six to eight months, LSB plans to move the equipment to its chemical plants for installation and to shops for refurbishment. The company used its working capital to make the purchase. LSB makes and sells chemical products for the agricultural, mining, and industrial markets, and also produces commercial and residential climate control products.

Bank declares distribution

Southwest Bancorp Inc., parent of Stillwater National Bank, has declared a distribution of $2.73 per security on the preferred and common securities, liquidation amount $25 per security, issued by Southwest Capital Trust. The distributions are payable on June 15 to holders of record as of June 1, according to terms of the Trust's Amended and Restated Declaration of Trust dated July 2, 2008. Information on payment and record dates and distribution amounts for distributions after June 15 will be posted on the company's website at OKSB.com, at the “Dividends” link.

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