UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                              ---------------------
                                    FORM 8-K
                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                             -----------------------

       DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): DECEMBER 15, 2005

                                 LSB CORPORATION
             (Exact name of registrant as specified in its charter)

MASSACHUSETTS                        000-32955                  04-3557612
(State or other jurisdiction     (Commission File Number)    (I.R.S. Employer
of incorporation)                                            Identification No.)

                              ---------------------

                             30 MASSACHUSETTS AVENUE
                       NORTH ANDOVER, MASSACHUSETTS 01845
                                 (978) 725-7500

  (Address,including zip code, of registrant's principal executive offices and
               registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


Item 8.01.  Other Events.

      On December 15, 2005, the registrant issued a press release announcing its
receipt and recognition of a final distribution in the amount of $2.2 million
from the bankruptcy estate of a former borrower. A copy of the press release is
furnished with this Report as Exhibit 99.1.

Item 9.01.  Financial Statements and Exhibits.

(c)   Exhibits.

99.1  Press Release dated December 15, 2005.

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

LSB CORPORATION

DATED:  December 16, 2005

By:     /s/ PAUL A. MILLER
        --------------------------------
        Paul A. Miller
        President and Chief Executive Officer

                                  EXHIBIT INDEX



Exhibit No.    Description
            
       99.1    Press Release dated December 15, 2005