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Related Party Transactions
3 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

Note 12: Related Party Transactions

No dividends were declared during the first quarter of 2017 or 2016.  At March 31, 2017, accumulated dividends on the Series B and Series D Preferred totaled approximately $453,000. The Series B Preferred and Series D Preferred are non-redeemable preferred stocks issued in 1986 and 2001, respectively, of which all outstanding shares are owned by the Golsen Holders.

See discussion in Note 5 concerning the termination of a death benefit agreement with Jack E. Golsen, the Executive Chairman of our Board.