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  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  
  <DIV align="right" style="font-size: 10pt; margin-top: 12pt">Registration No.&nbsp;333- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </DIV>
  
  
  <DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
  <DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>
  
  
  
  
  <DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
  </DIV>
  
  <DIV align="center" style="font-size: 12pt"><B>Washington, DC 20549</B>
  </DIV>
  
  
  <DIV align="center">
  <DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
  </DIV>
  
  
  
  <DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
  </DIV>
  
  
  <DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
  UNDER THE<BR>
  SECURITIES ACT OF 1933</B>
  </DIV>
  
  
  <DIV align="center">
  <DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
  </DIV>
  
  
  
  <DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>LSB CORPORATION</B>
  </DIV>
  
  <DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>
  
  
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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      <TD width="48%">&nbsp;</TD>
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  <TR valign="bottom">
      <TD align="center" valign="top"><B>Massachusetts</B><BR>
  (State or Other Jurisdiction of Incorporation or Organization)
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">04-3557612<BR>
  (I.R.S. Employer Identification No.)</TD>
  </TR>
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">30 Massachusetts Avenue<BR>
  North Andover, Massachusetts 01845<BR>
  (978)&nbsp;725-7500<BR>
  (Address of Principal Executive Offices, Including Zip Code)
  </DIV>
  
  
  <DIV align="center">
  <DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
  </DIV>
  
  
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>LSB Corporation 2006 Stock Option and Incentive Plan</B><BR>
  (Full Title of the Plan)
  </DIV>
  
  
  <DIV align="center">
  <DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
  </DIV>
  
  
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Gerald T. Mulligan<BR>
  President and Chief Executive Officer<BR>
  LSB CORPORATION<BR>
  30 Massachusetts Avenue<BR>
  North Andover, Massachusetts 01845</B><BR>
  978-725-7500<BR>
  (Name, Address and Telephone Number, Including Area Code, of Agent for Service)
  </DIV>
  
  
  <DIV align="center">
  <DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
  </DIV>
  
  
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>Copies of all correspondence to:</I><BR>
  <B>Kevin J. Handly, Esq.<BR>
  Gallagher, Callahan &#038; Gartrell, P.C.</B><BR>
  112 South Street<BR>
  Boston, Massachusetts 02111<BR>
  (617)&nbsp;426-5349
  </DIV>
  
  
  <DIV align="center">
  <DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
  </DIV>
  
  
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;
  </DIV>
  
  
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  <DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
  
  
  
  <P align="center" style="font-size: 10pt">&nbsp;
  </DIV>
  
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  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  
  
  
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">CALCULATION OF REGISTRATION FEE
  </DIV>
  
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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      <TD width="1%">&nbsp;</TD>
  </TR><TR style="font-size: 1px" valign="bottom">
      <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
  </TR>
  <TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>
  
      <TD>&nbsp;</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Amount to be</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Proposed Maximum</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Proposed Maximum</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
  </TR>
  <TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>
  
      <TD nowrap align="center">Title of Securities</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Registered</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Offering Price Per</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Aggregate Offering</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Amount of</TD>
      <TD width="1%">&nbsp;</TD>
  </TR>
  <TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>
  
      <TD nowrap align="center">to be Registered</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">(2)</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Share(3)</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Price(3)</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Registration Fee</TD>
      <TD width="1%">&nbsp;</TD>
  </TR>
  
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      <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
                      <TD align="left" valign="top" style="border-top: 1px solid #000000">Common Stock, $0.10<BR>
  par value per share (1)
  </TD>
      <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
      <TD style="border-top: 1px solid #000000">&nbsp;</TD>
      <TD align="center" valign="top" style="border-top: 1px solid #000000">400,000 shares
  </TD>
      <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
      <TD style="border-top: 1px solid #000000">&nbsp;</TD>
      <TD align="center" valign="top" style="border-top: 1px solid #000000">$16.7950
  </TD>
      <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
      <TD style="border-top: 1px solid #000000">&nbsp;</TD>
      <TD align="center" valign="top" style="border-top: 1px solid #000000">$6,718,000
  </TD>
      <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
      <TD style="border-top: 1px solid #000000">&nbsp;</TD>
      <TD align="center" valign="top" style="border-top: 1px solid #000000">$718.826</TD>
      <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
  </TR>
  <TR style="font-size: 1px" valign="bottom">
      <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
  </TR>
  
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;This Registration Statement also relates to rights to purchase shares of Series&nbsp;A
  Preferred Stock (&#147;Rights&#148;) attached to shares of LSB Corporation Common Stock, par value $0.10 per
  share (the &#147;Common Stock&#148;) pursuant to that certain Rights Agreement dated as of December&nbsp;19, 1996
  by and between Lawrence Savings Bank and State Street Bank &#038; Trust Company (the &#147;Shareholder Rights
  Plan&#148;).
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;Represents maximum number of shares of Common Stock available for issuance under the
  Registrant&#146;s 2006 Stock Option and Incentive Plan (the &#147;Plan&#148;). Pursuant to Rule&nbsp;416(a), this
  Registration Statement also registers an indeterminate number of additional shares of Common Stock
  as may be issued pursuant to the Plan in the event of a stock dividend, stock split, split-up or
  other similar transaction.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">(3)&nbsp;This estimate is made pursuant to rule 457(c) and (h)&nbsp;under the Securities Act solely for
  the purpose of determining the amount of the registration fee on May&nbsp;31, 2006, utilizing the
  average of the high and low sale prices reported on the Nasdaq Stock Market on that date.
  </DIV>
  
  
  <P align="center" style="font-size: 10pt">-2-
  </DIV>
  
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  <!-- TOC -->
  <A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>
  
  <P><CENTER>
  <TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
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  	<TD width="76%"></TD>
  </TR>
  <TR><TD colspan="9"><A HREF="#000">Part I</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#001">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#002">Part II</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#003">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description of Securities</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indemnification of Officers and Directors</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exemption From Registration Claimed</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#009">Item&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#010">Item&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Undertakings</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#011">SIGNATURES</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#012">POWER OF ATTORNEY</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#013">EXHIBIT INDEX</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b61189lbexv5w1.htm">Ex-5.1 Opinion of Gallagher, Callahan & Gartrell, P.C.</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b61189lbexv10w1.htm">Ex-10.1 LSB Corporation 2006 Stock Option and Incentive Plan</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b61189lbexv23w1.htm">Ex-23.1 Consent of KPMG LLP</A></TD></TR>
  </TABLE>
  </CENTER>
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  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  
  
  
  <!-- link1 "Part I" -->
  <DIV align="left"><A NAME="000"></A></DIV>
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">Part I
  </DIV>
  
  <!-- link1 "INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
  <DIV align="left"><A NAME="001"></A></DIV>
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents containing the information specified in the requirements of Part&nbsp;I are not
  required to be filed with the Securities and Exchange Commission (the &#147;Commission&#148;) as part of this
  Registration Statement on Form S-8.
  </DIV>
  <!-- link1 "Part II" -->
  <DIV align="left"><A NAME="002"></A></DIV>
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">Part II
  </DIV>
  
  <!-- link1 "INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
  <DIV align="left"><A NAME="003"></A></DIV>
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  </DIV>
  
  <!-- link2 "Item&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference" -->
  <DIV align="left"><A NAME="004"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">Item&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporation of Documents by Reference
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by the Registrant with the Commission are incorporated
  in this registration statement by reference:
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp; The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2005,
  filed with the Commission pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of
  1934, as amended ( the &#147;Exchange Act&#148;);
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp; All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of the
  Exchange Act since the end of the fiscal year covered by the Annual Report referred to in (a)
  above; and
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp; The description of the Common Stock contained in the Current Report on Form 8-K filed by
  the Registrant on July&nbsp;2, 2001, with respect to the registration of the Common Stock pursuant to
  Rule&nbsp;12g-3(a) of the Exchange Act, including any amendment or report filed for the purpose of
  updating such description.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All reports and other documents subsequently filed by the Registrant pursuant to Sections
  13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment
  that indicates that all securities offered hereby have been sold or that deregisters all such
  securities then remaining unsold, shall be deemed to be incorporated by reference in this
  Registration Statement and to be a part hereof from the date of filing of such documents.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated by reference herein and filed prior to the
  filing hereof shall be deemed to be modified or superseded for purposes of this Registration
  Statement to the extent that a statement contained herein modifies or supersedes such statement,
  and any statement contained herein or in any other document incorporated by reference herein shall
  be deemed to be modified or superseded for purposes of this Registration Statement to the extent
  that a statement contained in any other subsequently filed document which also is incorporated by
  reference herein modifies or supersedes such statement. Any such statement so modified or
  superseded
  </DIV>
  
  <P align="center" style="font-size: 10pt">-3-
  </DIV>
  
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  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">shall not be deemed, except as so modified or superseded, to constitute a part of this Registration
  Statement.
  </DIV>
  <!-- link2 "Item&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description of Securities" -->
  <DIV align="left"><A NAME="005"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">Item&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description of Securities
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
  </DIV>
  <!-- link2 "Item&nbsp;5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel" -->
  <DIV align="left"><A NAME="006"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">Item&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
  </DIV>
  <!-- link2 "Item&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indemnification of Officers and Directors" -->
  <DIV align="left"><A NAME="007"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">Item&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification of Officers and Directors
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification. The Registrant, LSB Corporation (the &#147;Company&#148;), is a Massachusetts
  corporation. Sections&nbsp;8.51 and 8.56 of the Massachusetts Business Corporation Act (the &#147;MBCA&#148;)
  provide that a corporation may, subject to certain limitations, indemnify its directors and
  officers against any liability incurred in any proceeding because of their service as director or
  officer. Section&nbsp;8.58 of the MBCA permits a corporation by its articles of organization or bylaws
  or by a resolution adopted or contract approved by its board of directors or shareholders, to
  obligate itself in advance of the act or omission giving rise to a proceeding to provide
  indemnification in accordance with Section&nbsp;8.51 or Section&nbsp;8.56.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.57 of the MBCA provides that a corporation may purchase and maintain insurance
  against liability incurred by an individual in his or her capacity as officer or director, or
  arising out of his or her status as such, whether or not the corporation would have the power to
  indemnify such individual against such liability.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s By-laws provide that directors and officers of the Company shall, and in the
  discretion of the Board of Directors, non-officer employees may, be indemnified by the Company
  against liabilities and expenses arising out of service for or on behalf of the Company. The
  By-laws provide that such indemnification shall not be provided if it is determined that the action
  giving rise to the liability was not taken in good faith in the reasonable belief that the action
  was in the best interests of the Company. The By-laws provide that the indemnification provision
  in the By-laws does not limit any other right to indemnification existing independently of the
  By-laws.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;More specifically, Article&nbsp;VI, Section&nbsp;1, of the Registrant&#146;s By-laws provides the following
  definitions relating to the indemnification of directors and officers:
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Article: (a) &#147;Officer&#148; means any person who serves or has served as
  a Director of the Company or in any other office filled by election or appointment by the
  stockholders or the Board of Directors and any heirs or personal representatives of such
  person; (b) &#147;Non-Officer Employee&#148; means any person who serves or has served as an employee
  of the Company, but who is not or was not an Officer, and any heirs or personal
  representatives of such person; (c)
  </DIV>
  
  <P align="center" style="font-size: 10pt">-4-
  </DIV>
  
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  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;Proceeding&#148; means any action, suit or proceeding, civil or criminal, brought or threatened
  in or before any court, tribunal administrative or legislative body or agency and any claim
  which could be the subject of a Proceeding; and (d) &#147;Expenses&#148; means any liability fixed by a
  judgment, order, decree or award in a Proceeding, any amount reasonably paid in settlement of
  a Proceeding and any professional fees or other disbursements reasonably incurred in a
  Proceeding.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VI, Section&nbsp;2, of the Company&#146;s By-laws provides the Company shall indemnify Officers
  as follows:
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as provided in Sections&nbsp;4 and 5 of this Article&nbsp;VI, each Officer of the Company
  shall be indemnified by the Company against all Expenses incurred by such Officer in
  connection with any Proceedings in which such Officer is involved as a result of serving or
  having served (a)&nbsp;as an Officer or employee of the Company; (b)&nbsp;as a director, officer or
  employee of any wholly owned subsidiary of the Company; or (c)&nbsp;in any capacity with any other
  corporation, organization, partnership, joint venture, trust or other entity at the request
  or direction of the Company.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VI, Section&nbsp;3, of the Company&#146;s By-laws provides the Company shall indemnify
  Non-Officer Employees as follows:
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as provided in Sections&nbsp;4 and 5 of this Article&nbsp;VI, each Non-Officer Employee of
  the Company may, in the discretion of the Board of Directors, be indemnified against any or
  all Expenses incurred by such Non-Officer Employee in connection with any Proceeding in which
  such Non-Officer Employee is involved as a result of serving or having served (a)&nbsp;as a
  Non-Officer Employee of the Company; (b)&nbsp;as a director, officer or employee of any wholly
  owned subsidiary of the Company; or (c)&nbsp;in any capacity with any other corporation,
  organization, partnership, joint venture, trust or other entity at the request or direction
  of the Company.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VI of the Company&#146;s By-laws also includes certain provisions relating to the scope of
  the indemnification for officers and directors of the Company and the procedures for determining
  entitlement to indemnification:
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SECTION 4. <U>Service at the Request or Direction of the Company</U>. No
  indemnification shall be provided to an Officer or Non-Officer Employee with respect to
  serving or having served in any of the capacities described in Section 2(c) or 3(c) above
  unless the following two conditions are met: (a)&nbsp;such service was requested or directed in
  each specific case by vote of the Board of Directors prior to the occurrence of the event to
  which the indemnification relates, and (b)&nbsp;the Company maintains insurance coverage for the
  type of indemnification sought. In no event shall the Company be liable for indemnification
  under Section 2(c) or 3(c) above for any amount in excess of the proceeds of insurance
  received with respect to such coverage as the Company in its discretion may elect to carry.
  The
  </DIV>
  
  <P align="center" style="font-size: 10pt">-5-
  </DIV>
  
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  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Company may but shall not be required to maintain insurance coverage with respect to
  indemnification under Section 2(c) or 3(c) above. Notwithstanding any other provision of
  this Section&nbsp;4, but subject to Section&nbsp;5 of this Article&nbsp;VI, the Board of Directors may
  provide an Officer or Non-Officer Employee with indemnification under Section 2(c) or 3(c)
  above as to a specific Proceeding even if one or both of the two conditions specified in this
  Section&nbsp;4 have not been met and even if the amount of the indemnification exceeds the amount
  of the proceeds of any insurance which the Company may have elected to carry, provided that
  the Board of Directors in its discretion determines it to be in the best interests of the
  Company to do so.
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SECTION 5. <U>Good Faith</U>. No indemnification shall be provided to an Officer or
  to a Non-Officer Employee with respect to a matter as to which such person shall have been
  adjudicated in any Proceeding not to have acted in good faith in the reasonable belief that
  the action of such person was in the best interests of the Company. In the event that a
  Proceeding is compromised or settled so as to impose any liability or obligation upon an
  Officer or Non-Officer Employee, no indemnification shall be provided to said Officer or
  Non-Officer Employee with respect to a matter if there be a determination that with respect
  to such matter such person did not act in good faith in the reasonable belief that the action
  of such person was in the best interests of the Company. The determination shall be made by
  a majority vote of those Directors who are not involved in such Proceeding. However, if more
  than half of the Directors are involved in such Proceeding, the determination shall be made
  by a majority vote of a committee of three disinterested Directors chosen by the
  disinterested Directors at a regular or special meeting. If there are fewer than three (3)
  disinterested Directors, the determination shall be based upon the opinion of the Company&#146;s
  regular outside counsel.
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SECTION 6. <U>Prior to Final Disposition</U>. Unless otherwise provided by the Board
  of Directors or by the committee pursuant to the procedure specified in Section&nbsp;5 of this
  Article&nbsp;VI, any indemnification provided for under this Article&nbsp;VI shall include payment by
  the Company of Expenses incurred in defending a Proceeding in advance of the final
  disposition of such Proceeding upon receipt of an undertaking by the Officer or Non-Officer
  Employee seeking indemnification to repay such payment if such Officer or Non-Officer
  Employee shall be adjudicated or determined to be not entitled to indemnification under this
  Article&nbsp;VI.
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SECTION 7. <U>Insurance</U>. The Company may purchase and maintain insurance to
  protect itself and any Officer or Non-Officer Employee against any liability of any character
  asserted against or incurred by the Company or any such Officer or Non-Officer Employee, or
  arising out of any such status, whether or not the Company would have the power to indemnify
  such person against such liability by law or under the provisions of this Article&nbsp;VI.
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SECTION 8. <U>Other Indemnification Rights</U>. Nothing in this Article&nbsp;VI shall limit
  any lawful rights to indemnification existing independently of this Article&nbsp;VI.
  </DIV>
  
  <P align="center" style="font-size: 10pt">-6-
  </DIV>
  
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  <P><HR noshade><P>
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  <DIV style="font-family: 'Times New Roman',Times,serif">
  <!-- link2 "Item&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exemption From Registration Claimed" -->
  <DIV align="left"><A NAME="008"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">Item&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exemption From Registration Claimed
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
  </DIV>
  <!-- link2 "Item&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits" -->
  <DIV align="left"><A NAME="009"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">Item&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a complete list of exhibits filed or incorporated by reference as
  part of this Registration Statement.
  </DIV>
  
  <DIV style="margin-top: 6pt">
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
  
  <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
      <TD width="2%" style="background: transparent">&nbsp;</TD>
      <TD width="3%" nowrap align="left">4.1</TD>
      <TD width="3%">&nbsp;&nbsp;&nbsp;</TD>
      <TD>Rights Agreement dated as of December&nbsp;19, 1996 between Lawrence Savings Bank
  and State Street Bank and Trust Company, as rights agent incorporated by reference to
  Exhibit&nbsp;4.4 to the Company&#146;s Current Report on Form 8-K filed July&nbsp;2, 2001.</TD>
  </TR>
  
  <TR>
      <TD style="font-size: 6pt">&nbsp;</TD>
  </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
      <TD width="2%" style="background: transparent">&nbsp;</TD>
      <TD width="3%" nowrap align="left">4.2</TD>
      <TD width="1%">&nbsp;</TD>
      <TD>Renewed Rights Agreement dated as of November&nbsp;17, 2005, between LSB
  Corporation and Computershare Trust Company, N.A., incorporated by reference to
  Exhibit&nbsp;4.1 to the Company&#146;s Current Report on Form 8-K filed January&nbsp;31, 2006.</TD>
  </TR>
  
  <TR>
      <TD style="font-size: 6pt">&nbsp;</TD>
  </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
      <TD width="2%" style="background: transparent">&nbsp;</TD>
      <TD width="3%" nowrap align="left">*5.1</TD>
      <TD width="1%">&nbsp;</TD>
      <TD>Opinion of Gallagher, Callahan &#038; Gartrell, P.C.</TD>
  </TR>
  
  <TR>
      <TD style="font-size: 6pt">&nbsp;</TD>
  </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
      <TD width="2%" style="background: transparent">&nbsp;</TD>
      <TD width="3%" nowrap align="left">*10.1</TD>
      <TD width="1%">&nbsp;</TD>
      <TD>LSB Corporation 2006 Stock Option and Incentive Plan.</TD>
  </TR>
  
  <TR>
      <TD style="font-size: 6pt">&nbsp;</TD>
  </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
      <TD width="2%" style="background: transparent">&nbsp;</TD>
      <TD width="3%" nowrap align="left">*23.1</TD>
      <TD width="1%">&nbsp;</TD>
      <TD>Consent of KPMG LLP.</TD>
  </TR>
  
  <TR>
      <TD style="font-size: 6pt">&nbsp;</TD>
  </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
      <TD width="2%" style="background: transparent">&nbsp;</TD>
      <TD width="3%" nowrap align="left">*23.2</TD>
      <TD width="1%">&nbsp;</TD>
      <TD>Consent of Gallagher, Callahan &#038; Gartrell, P.C. (included in
  Exhibit&nbsp;5.1 hereto).</TD>
  </TR>
  
  <TR>
      <TD style="font-size: 6pt">&nbsp;</TD>
  </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
      <TD width="2%" style="background: transparent">&nbsp;</TD>
      <TD width="3%" nowrap align="left">*24.1</TD>
      <TD width="1%">&nbsp;</TD>
      <TD>Powers of Attorney (included on signature page)</TD>
  </TR>
  
  </TABLE>
  </DIV>
  <DIV align="left"><DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
  
  
  <DIV align="left" style="font-size: 10pt">* Filed herewith.</DIV>
  
  
  <!-- link2 "Item&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Undertakings" -->
  <DIV align="left"><A NAME="010"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">Item&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Undertakings
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">The undersigned Registrant hereby undertakes:
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;&nbsp; To file, during any period in which offers or sales are being made, a post-effective
  amendment to this registration statement to include any material information with respect
  to the plan of distribution not previously disclosed in the registration statement or any
  material change in such information in the registration statement.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;&nbsp; That, for the purpose of determining any liability under the Securities Act of 1933,
  each such post-effective amendment shall be deemed to be a new registration statement
  relating to the securities offered therein, and the offering of
  </DIV>
  <P align="center" style="font-size: 10pt">-7-
  </DIV>
  
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">such securities at that time shall be deemed to be the initial <I>bona fide </I>offering thereof.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">(3)&nbsp;&nbsp; To remove from registration by means of a post-effective amendment any of the
  securities being registered which remain unsold at the termination of the offering.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">(4)&nbsp;&nbsp; That, for purposes of determining any liability under the Securities Act of 1933, each
  filing of the registrant&#146;s annual report pursuant to Section 13(a) or 15(d) of the
  Securities Exchange Act of 1934 that is incorporated by reference in the registration
  statement shall be deemed to be a new registration statement relating to the securities
  offered therein, and the offering of such securities at that time shall be deemed to be
  the initial <I>bona fide </I>offering thereof.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">(5)&nbsp;&nbsp; Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
  permitted to directors, officers and controlling persons of the Registrant pursuant to the
  foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
  Securities and Exchange Commission such indemnification is against public policy as expressed in
  the Act and is, therefore, unenforceable. In the event that a claim for indemnification against
  such liabilities (other than the payment by the Registrant of expenses incurred or paid by a
  director, officer or controlling person of the Registrant in the successful defense of any action,
  suit or proceeding) is asserted by such director, officer or controlling person in connection with
  the securities being registered, the Registrant will, unless in the opinion of its counsel the
  matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
  question whether such indemnification by it is against public policy as expressed in the Act and
  will be governed by the final adjudication of such issue.
  </DIV>
  
  
  <P align="center" style="font-size: 10pt">-8-
  </DIV>
  
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  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  <!-- link1 "SIGNATURES" -->
  <DIV align="left"><A NAME="011"></A></DIV>
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies
  that it has reasonable grounds to believe that it meets all of the requirements for filing
  on Form S-8 and has duly caused this registration statement to be signed on its behalf by
  the undersigned, thereunto duly authorized, in the town of North Andover, Commonwealth of
  Massachusetts, on June&nbsp;2, 2006.
  </DIV>
  
  <TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
  <TR>
      <TD width="48%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="35%">&nbsp;</TD>
      <TD width="15%">&nbsp;</TD>
  </TR>
  <TR>
      <TD valign="top" align="left">&nbsp;</TD>
      <TD colspan="3" align="left"><B>LSB CORPORATION</B><BR>
  &nbsp;</TD>
      <TD>&nbsp;</TD>
  </TR><TR>
      <TD align="left">&nbsp;</TD>
      <TD valign="top">By:&nbsp;&nbsp;</TD>
      <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Gerald T. Mulligan
  &nbsp;</TD>
      <TD>&nbsp;</TD>
  </TR><TR>
      <TD align="left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colspan="2" align="left">Gerald T. Mulligan&nbsp;</TD>
      <TD>&nbsp;</TD>
  </TR><TR>
      <TD align="left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
      <TD>&nbsp;</TD>
  </TR>
  <TR>
      <TD colspan="5">&nbsp;</TD>
  </TR>
  </TABLE>
  <!-- link1 "POWER OF ATTORNEY" -->
  <DIV align="left"><A NAME="012"></A></DIV>
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
  </DIV>
  
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes
  and appoints Gerald T. Mulligan and Diane L. Walker, and each of them, his or her true and lawful
  attorneys-in-fact and agents, each with full power of substitution and resubstitution, for him or
  her and in his or her name, place and stead, in any and all capacities, to sign any or all
  amendments (including post-effective amendments) to this registration statement and to file the
  same, with all exhibits thereto, and other documents in connection therewith, with the Securities
  and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact and
  agents, or any of them, or their substitute or substitutes, may lawfully do or cause to be done by
  virtue hereof.
  </DIV>
  
  <P align="center" style="font-size: 10pt">-9-
  </DIV>
  
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this registration statement has
  been signed by the following persons in the capacities and on the date indicated.
  </DIV>
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
  <!-- Begin Table Head -->
  <TR valign="bottom">
      <TD width="40%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="40%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="14%">&nbsp;</TD>
  </TR>
  <TR style="font-size: 10pt" valign="bottom">
      <TD nowrap align="left"><u>Signature</u></TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center"><u>Title</u></TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="left"><u>Date</u></TD>
  </TR>
  
  <!-- End Table Head -->
  <!-- Begin Table Body -->
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Gerald T. Mulligan
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Gerald T. Mulligan
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">President, Chief Executive
  Officer and Director<br>
  Principal Executive Officer
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Diane L. Walker
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Diane L. Walker
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Executive Vice President,
  Treasurer and <br>Chief
  Financial Officer<br>
  Principal Financial and
  Accounting Officer
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
  
  <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Eugene A. Beliveau
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Eugene A. Beliveau
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
  
  <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Kathleen Boshar Reynolds
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Kathleen I. Boshar Reynolds
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
  
  <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Malcolm W. Brawn
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Malcolm W. Brawn
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
  
  <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Thomas J. Burke
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Thomas J. Burke
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
  
  <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Bryon R. Cleveland, Jr.
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Bryon R. Cleveland, Jr.
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
  
  <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Richard Hart Harrington
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Richard Hart Harrington
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert F. Hatem
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Robert F. Hatem
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Marsha A. McDonough
  <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
  Marsha A. McDonough
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">June&nbsp;2, 2006</TD>
  </TR>
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  
  
  <P align="center" style="font-size: 10pt">-10-
  </DIV>
  
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">FORM S-8
  </DIV>
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">LSB CORPORATION
  </DIV>
  
  <!-- link1 "EXHIBIT INDEX" -->
  <DIV align="left"><A NAME="013"></A></DIV>
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT INDEX
  </DIV>
  
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
  <!-- Begin Table Head -->
  <TR valign="bottom">
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="92%">&nbsp;</TD>
  </TR>
  <!-- End Table Head -->
  <!-- Begin Table Body -->
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Description</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Rights Agreement dated as of December&nbsp;19, 1996 between Lawrence Savings Bank
  and State Street Bank and Trust Company, as rights agent incorporated by reference to
  Exhibit&nbsp;4.4 to the Company&#146;s Current Report on Form&nbsp;8-K filed July&nbsp;2, 2001.</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Renewed Rights Agreement dated as of November&nbsp;17, 2005, between LSB
  Corporation and Computershare Trust Company, N.A., incorporated by reference to
  Exhibit&nbsp;4.1 to the Company&#146;s Current Report on Form&nbsp;8-K filed January&nbsp;31, 2006.</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">*5.1
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Opinion of Gallagher, Callahan &#038; Gartrell, P.C.</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">*10.1
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">LSB Corporation 2006 Stock Option and Incentive Plan.</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">*23.1
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Consent of KPMG LLP.</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">*23.2
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Consent of Gallagher, Callahan &#038; Gartrell, P.C. (included in
  Exhibit&nbsp;5.1 hereto).</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">*24.1
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Powers of Attorney (included on signature page)</TD>
  </TR>
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  
  
  
  <DIV align="left">
  <DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
  </DIV>
  
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
  <TR>
      <TD width="1%"></TD>
      <TD width="1%"></TD>
      <TD width="98"></TD>
  </TR>
  
  <TR valign="top">
      <TD nowrap align="left">*</TD>
      <TD>&nbsp;</TD>
      <TD>Filed herewith.</TD>
  </TR>
  
  </TABLE>
  
  
  <P align="center" style="font-size: 10pt">-11-
  </DIV>
  
  </BODY>
  </HTML>
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metadata_filer: {"company-data": {"conformed-name": "LSB CORP", "cik": "0001143848", "assigned-sic": "6021", "irs-number": "043557612", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-134720", "film-number": "06884815"}, "business-address": {"street1": "C/O LSB CORP.", "street2": "30 MASSACHUSETTS AVE.", "city": "NORTH ANDOVER", "state": "MA", "zip": "01845", "phone": "9789757500"}}
text: sv8
  Table of Contents
  Registration No. 333-
  SECURITIES AND EXCHANGE COMMISSION
  Washington, DC 20549
  FORM S-8
  REGISTRATION STATEMENT
  UNDER THE
  SECURITIES ACT OF 1933
  LSB CORPORATION
  (Exact Name of Registrant as Specified in Its Charter)
  Massachusetts
  (State or Other Jurisdiction of Incorporation or Organization)
  04-3557612
  (I.R.S. Employer Identification No.)
  30 Massachusetts Avenue
  North Andover, Massachusetts 01845
  (978) 725-7500
  (Address of Principal Executive Offices, Including Zip Code)
  LSB Corporation 2006 Stock Option and Incentive Plan
  (Full Title of the Plan)
  Gerald T. Mulligan
  President and Chief Executive Officer
  LSB CORPORATION
  30 Massachusetts Avenue
  North Andover, Massachusetts 01845
  978-725-7500
  (Name, Address and Telephone Number, Including Area Code, of Agent for Service)
  Copies of all correspondence to:
  Kevin J. Handly, Esq.
  Gallagher, Callahan & Gartrell, P.C.
  112 South Street
  Boston, Massachusetts 02111
  (617) 426-5349
  Table of Contents
  CALCULATION OF REGISTRATION FEE
  Amount to be
  Proposed Maximum
  Proposed Maximum
  Title of Securities
  Registered
  Offering Price Per
  Aggregate Offering
  Amount of
  to be Registered
  (2)
  Share(3)
  Price(3)
  Registration Fee
  Common Stock, $0.10
  par value per share (1)
  400,000 shares
  $16.7950
  $6,718,000
  $718.826
  (1) This Registration Statement also relates to rights to purchase shares of Series A
  Preferred Stock ("Rights") attached to shares of LSB Corporation Common Stock, par value $0.10 per
  share (the "Common Stock") pursuant to that certain Rights Agreement dated as of December 19, 1996
  by and between Lawrence Savings Bank and State Street Bank & Trust Company (the "Shareholder Rights
  Plan").
  (2) Represents maximum number of shares of Common Stock available for issuance under the
  Registrant's 2006 Stock Option and Incentive Plan (the "Plan"). Pursuant to Rule 416(a), this
  Registration Statement also registers an indeterminate number of additional shares of Common Stock
  as may be issued pursuant to the Plan in the event of a stock dividend, stock split, split-up or
  other similar transaction.
  (3) This estimate is made pursuant to rule 457(c) and (h) under the Securities Act solely for
  the purpose of determining the amount of the registration fee on May 31, 2006, utilizing the
  average of the high and low sale prices reported on the Nasdaq Stock Market on that date.
  -2-
  TABLE OF CONTENTS
  Part I
  INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
  Part II
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3.      Incorporation of Documents by Reference
  Item 4.      Description of Securities
  Item 5.      Interests of Named Experts and Counsel
  Item 6.      Indemnification of Officers and Directors
  Item 7.      Exemption From Registration Claimed
  Item 8.      Exhibits
  Item 9.      Undertakings
  SIGNATURES
  POWER OF ATTORNEY
  EXHIBIT INDEX
  Ex-5.1 Opinion of Gallagher, Callahan & Gartrell, P.C.
  Ex-10.1 LSB Corporation 2006 Stock Option and Incentive Plan
  Ex-23.1 Consent of KPMG LLP
  Table of Contents
  Part I
  INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
  The documents containing the information specified in the requirements of Part I are not
  required to be filed with the Securities and Exchange Commission (the "Commission") as part of this
  Registration Statement on Form S-8.
  Part II
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3.      Incorporation of Documents by Reference
  The following documents filed by the Registrant with the Commission are incorporated
  in this registration statement by reference:
  (a)   The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2005,
  filed with the Commission pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of
  1934, as amended ( the "Exchange Act");
  (b)   All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of the
  Exchange Act since the end of the fiscal year covered by the Annual Report referred to in (a)
  above; and
  (c)   The description of the Common Stock contained in the Current Report on Form 8-K filed by
  the Registrant on July 2, 2001, with respect to the registration of the Common Stock pursuant to
  Rule 12g-3(a) of the Exchange Act, including any amendment or report filed for the purpose of
  updating such description.
  All reports and other documents subsequently filed by the Registrant pursuant to Sections
  13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment
  that indicates that all securities offered hereby have been sold or that deregisters all such
  securities then remaining unsold, shall be deemed to be incorporated by reference in this
  Registration Statement and to be a part hereof from the date of filing of such documents.
  Any statement contained in a document incorporated by reference herein and filed prior to the
  filing hereof shall be deemed to be modified or superseded for purposes of this Registration
  Statement to the extent that a statement contained herein modifies or supersedes such statement,
  and any statement contained herein or in any other document incorporated by reference herein shall
  be deemed to be modified or superseded for purposes of this Registration Statement to the extent
  that a statement contained in any other subsequently filed document which also is incorporated by
  reference herein modifies or supersedes such statement. Any such statement so modified or
  superseded
  -3-
  Table of Contents
  shall not be deemed, except as so modified or superseded, to constitute a part of this Registration
  Statement.
  Item 4.     Description of Securities
  Not applicable.
  Item 5.     Interests of Named Experts and Counsel
  Not applicable.
  Item 6.     Indemnification of Officers and Directors
  Indemnification. The Registrant, LSB Corporation (the "Company"), is a Massachusetts
  corporation. Sections 8.51 and 8.56 of the Massachusetts Business Corporation Act (the "MBCA")
  provide that a corporation may, subject to certain limitations, indemnify its directors and
  officers against any liability incurred in any proceeding because of their service as director or
  officer. Section 8.58 of the MBCA permits a corporation by its articles of organization or bylaws
  or by a resolution adopted or contract approved by its board of directors or shareholders, to
  obligate itself in advance of the act or omission giving rise to a proceeding to provide
  indemnification in accordance with Section 8.51 or Section 8.56.
  Section 8.57 of the MBCA provides that a corporation may purchase and maintain insurance
  against liability incurred by an individual in his or her capacity as officer or director, or
  arising out of his or her status as such, whether or not the corporation would have the power to
  indemnify such individual against such liability.
  The Company's By-laws provide that directors and officers of the Company shall, and in the
  discretion of the Board of Directors, non-officer employees may, be indemnified by the Company
  against liabilities and expenses arising out of service for or on behalf of the Company. The
  By-laws provide that such indemnification shall not be provided if it is determined that the action
  giving rise to the liability was not taken in good faith in the reasonable belief that the action
  was in the best interests of the Company. The By-laws provide that the indemnification provision
  in the By-laws does not limit any other right to indemnification existing independently of the
  By-laws.
  More specifically, Article VI, Section 1, of the Registrant's By-laws provides the following
  definitions relating to the indemnification of directors and officers:
  For purposes of this Article: (a) "Officer" means any person who serves or has served as
  a Director of the Company or in any other office filled by election or appointment by the
  stockholders or the Board of Directors and any heirs or personal representatives of such
  person; (b) "Non-Officer Employee" means any person who serves or has served as an employee
  of the Company, but who is not or was not an Officer, and any heirs or personal
  representatives of such person; (c)
  -4-
  Table of Contents
  "Proceeding" means any action, suit or proceeding, civil or criminal, brought or threatened
  in or before any court, tribunal administrative or legislative body or agency and any claim
  which could be the subject of a Proceeding; and (d) "Expenses" means any liability fixed by a
  judgment, order, decree or award in a Proceeding, any amount reasonably paid in settlement of
  a Proceeding and any professional fees or other disbursements reasonably incurred in a
  Proceeding.
  Article VI, Section 2, of the Company's By-laws provides the Company shall indemnify Officers
  as follows:
  Except as provided in Sections 4 and 5 of this Article VI, each Officer of the Company
  shall be indemnified by the Company against all Expenses incurred by such Officer in
  connection with any Proceedings in which such Officer is involved as a result of serving or
  having served (a) as an Officer or employee of the Company; (b) as a director, officer or
  employee of any wholly owned subsidiary of the Company; or (c) in any capacity with any other
  corporation, organization, partnership, joint venture, trust or other entity at the request
  or direction of the Company.
  Article VI, Section 3, of the Company's By-laws provides the Company shall indemnify
  Non-Officer Employees as follows:
  Except as provided in Sections 4 and 5 of this Article VI, each Non-Officer Employee of
  the Company may, in the discretion of the Board of Directors, be indemnified against any or
  all Expenses incurred by such Non-Officer Employee in connection with any Proceeding in which
  such Non-Officer Employee is involved as a result of serving or having served (a) as a
  Non-Officer Employee of the Company; (b) as a director, officer or employee of any wholly
  owned subsidiary of the Company; or (c) in any capacity with any other corporation,
  organization, partnership, joint venture, trust or other entity at the request or direction
  of the Company.
  Article VI of the Company's By-laws also includes certain provisions relating to the scope of
  the indemnification for officers and directors of the Company and the procedures for determining
  entitlement to indemnification:
  SECTION 4.
  Service at the Request or Direction of the Company
  . No
  indemnification shall be provided to an Officer or Non-Officer Employee with respect to
  serving or having served in any of the capacities described in Section 2(c) or 3(c) above
  unless the following two conditions are met: (a) such service was requested or directed in
  each specific case by vote of the Board of Directors prior to the occurrence of the event to
  which the indemnification relates, and (b) the Company maintains insurance coverage for the
  type of indemnification sought. In no event shall the Company be liable for indemnification
  under Section 2(c) or 3(c) above for any amount in excess of the proceeds of insurance
  received with respect to such coverage as the Company in its discretion may elect to carry.
  The
  -5-
  Table of Contents
  Company may but shall not be required to maintain insurance coverage with respect to
  indemnification under Section 2(c) or 3(c) above. Notwithstanding any other provision of
  this Section 4, but subject to Section 5 of this Article VI, the Board of Directors may
  provide an Officer or Non-Officer Employee with indemnification under Section 2(c) or 3(c)
  above as to a specific Proceeding even if one or both of the two conditions specified in this
  Section 4 have not been met and even if the amount of the indemnification exceeds the amount
  of the proceeds of any insurance which the Company may have elected to carry, provided that
  the Board of Directors in its discretion determines it to be in the best interests of the
  Company to do so.
  SECTION 5.
  Good Faith
  . No indemnification shall be provided to an Officer or
  to a Non-Officer Employee with respect to a matter as to which such person shall have been
  adjudicated in any Proceeding not to have acted in good faith in the reasonable belief that
  the action of such person was in the best interests of the Company. In the event that a
  Proceeding is compromised or settled so as to impose any liability or obligation upon an
  Officer or Non-Officer Employee, no indemnification shall be provided to said Officer or
  Non-Officer Employee with respect to a matter if there be a determination that with respect
  to such matter such person did not act in good faith in the reasonable belief that the action
  of such person was in the best interests of the Company. The determination shall be made by
  a majority vote of those Directors who are not involved in such Proceeding. However, if more
  than half of the Directors are involved in such Proceeding, the determination shall be made
  by a majority vote of a committee of three disinterested Directors chosen by the
  disinterested Directors at a regular or special meeting. If there are fewer than three (3)
  disinterested Directors, the determination shall be based upon the opinion of the Company's
  regular outside counsel.
  SECTION 6.
  Prior to Final Disposition
  . Unless otherwise provided by the Board
  of Directors or by the committee pursuant to the procedure specified in Section 5 of this
  Article VI, any indemnification provided for under this Article VI shall include payment by
  the Company of Expenses incurred in defending a Proceeding in advance of the final
  disposition of such Proceeding upon receipt of an undertaking by the Officer or Non-Officer
  Employee seeking indemnification to repay such payment if such Officer or Non-Officer
  Employee shall be adjudicated or determined to be not entitled to indemnification under this
  Article VI.
  SECTION 7.
  Insurance
  . The Company may purchase and maintain insurance to
  protect itself and any Officer or Non-Officer Employee against any liability of any character
  asserted against or incurred by the Company or any such Officer or Non-Officer Employee, or
  arising out of any such status, whether or not the Company would have the power to indemnify
  such person against such liability by law or under the provisions of this Article VI.
  SECTION 8.
  Other Indemnification Rights
  . Nothing in this Article VI shall limit
  any lawful rights to indemnification existing independently of this Article VI.
  -6-
  Table of Contents
  Item 7.      Exemption From Registration Claimed
  Not applicable.
  Item 8.      Exhibits
  The following is a complete list of exhibits filed or incorporated by reference as
  part of this Registration Statement.
  4.1
  Rights Agreement dated as of December 19, 1996 between Lawrence Savings Bank
  and State Street Bank and Trust Company, as rights agent incorporated by reference to
  Exhibit 4.4 to the Company's Current Report on Form 8-K filed July 2, 2001.
  4.2
  Renewed Rights Agreement dated as of November 17, 2005, between LSB
  Corporation and Computershare Trust Company, N.A., incorporated by reference to
  Exhibit 4.1 to the Company's Current Report on Form 8-K filed January 31, 2006.
  *5.1
  Opinion of Gallagher, Callahan & Gartrell, P.C.
  *10.1
  LSB Corporation 2006 Stock Option and Incentive Plan.
  *23.1
  Consent of KPMG LLP.
  *23.2
  Consent of Gallagher, Callahan & Gartrell, P.C. (included in
  Exhibit 5.1 hereto).
  *24.1
  Powers of Attorney (included on signature page)
  * Filed herewith.
  Item 9.      Undertakings
  The undersigned Registrant hereby undertakes:
  (1)   To file, during any period in which offers or sales are being made, a post-effective
  amendment to this registration statement to include any material information with respect
  to the plan of distribution not previously disclosed in the registration statement or any
  material change in such information in the registration statement.
  (2)   That, for the purpose of determining any liability under the Securities Act of 1933,
  each such post-effective amendment shall be deemed to be a new registration statement
  relating to the securities offered therein, and the offering of
  -7-
  Table of Contents
  such securities at that time shall be deemed to be the initial
  bona fide
  offering thereof.
  (3)   To remove from registration by means of a post-effective amendment any of the
  securities being registered which remain unsold at the termination of the offering.
  (4)   That, for purposes of determining any liability under the Securities Act of 1933, each
  filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the
  Securities Exchange Act of 1934 that is incorporated by reference in the registration
  statement shall be deemed to be a new registration statement relating to the securities
  offered therein, and the offering of such securities at that time shall be deemed to be
  the initial
  bona fide
  offering thereof.
  (5)   Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
  permitted to directors, officers and controlling persons of the Registrant pursuant to the
  foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
  Securities and Exchange Commission such indemnification is against public policy as expressed in
  the Act and is, therefore, unenforceable. In the event that a claim for indemnification against
  such liabilities (other than the payment by the Registrant of expenses incurred or paid by a
  director, officer or controlling person of the Registrant in the successful defense of any action,
  suit or proceeding) is asserted by such director, officer or controlling person in connection with
  the securities being registered, the Registrant will, unless in the opinion of its counsel the
  matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
  question whether such indemnification by it is against public policy as expressed in the Act and
  will be governed by the final adjudication of such issue.
  -8-
  Table of Contents
  SIGNATURES
  Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies
  that it has reasonable grounds to believe that it meets all of the requirements for filing
  on Form S-8 and has duly caused this registration statement to be signed on its behalf by
  the undersigned, thereunto duly authorized, in the town of North Andover, Commonwealth of
  Massachusetts, on June 2, 2006.
  LSB CORPORATION
  By:
  /s/ Gerald T. Mulligan
  Gerald T. Mulligan
  President and Chief Executive Officer
  POWER OF ATTORNEY
  KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes
  and appoints Gerald T. Mulligan and Diane L. Walker, and each of them, his or her true and lawful
  attorneys-in-fact and agents, each with full power of substitution and resubstitution, for him or
  her and in his or her name, place and stead, in any and all capacities, to sign any or all
  amendments (including post-effective amendments) to this registration statement and to file the
  same, with all exhibits thereto, and other documents in connection therewith, with the Securities
  and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact and
  agents, or any of them, or their substitute or substitutes, may lawfully do or cause to be done by
  virtue hereof.
  -9-
  Table of Contents
  Pursuant to the requirements of the Securities Act of 1933, this registration statement has
  been signed by the following persons in the capacities and on the date indicated.
  Signature
  Title
  Date
  /s/ Gerald T. Mulligan
  Gerald T. Mulligan
  President, Chief Executive
  Officer and Director
  Principal Executive Officer
  June 2, 2006
  /s/ Diane L. Walker
  Diane L. Walker
  Executive Vice President,
  Treasurer and
  Chief
  Financial Officer
  Principal Financial and
  Accounting Officer
  June 2, 2006
  /s/ Eugene A. Beliveau
  Eugene A. Beliveau
  Director
  June 2, 2006
  /s/ Kathleen Boshar Reynolds
  Kathleen I. Boshar Reynolds
  Director
  June 2, 2006
  /s/ Malcolm W. Brawn
  Malcolm W. Brawn
  Director
  June 2, 2006
  /s/ Thomas J. Burke
  Thomas J. Burke
  Director
  June 2, 2006
  /s/ Bryon R. Cleveland, Jr.
  Bryon R. Cleveland, Jr.
  Director
  June 2, 2006
  /s/ Richard Hart Harrington
  Richard Hart Harrington
  Director
  June 2, 2006
  /s/ Robert F. Hatem
  Robert F. Hatem
  Director
  June 2, 2006
  /s/ Marsha A. McDonough
  Marsha A. McDonough
  Director
  June 2, 2006
  -10-
  Table of Contents
  FORM S-8
  LSB CORPORATION
  EXHIBIT INDEX
  Exhibit
  Description
  4.1
  Rights Agreement dated as of December 19, 1996 between Lawrence Savings Bank
  and State Street Bank and Trust Company, as rights agent incorporated by reference to
  Exhibit 4.4 to the Company's Current Report on Form 8-K filed July 2, 2001.
  4.2
  Renewed Rights Agreement dated as of November 17, 2005, between LSB
  Corporation and Computershare Trust Company, N.A., incorporated by reference to
  Exhibit 4.1 to the Company's Current Report on Form 8-K filed January 31, 2006.
  *5.1
  Opinion of Gallagher, Callahan & Gartrell, P.C.
  *10.1
  LSB Corporation 2006 Stock Option and Incentive Plan.
  *23.1
  Consent of KPMG LLP.
  *23.2
  Consent of Gallagher, Callahan & Gartrell, P.C. (included in
  Exhibit 5.1 hereto).
  *24.1
  Powers of Attorney (included on signature page)
  *
  Filed herewith.
  -11-