Welcome to our dedicated page for Smith Midland SEC filings (Ticker: SMID), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Smith-Midland Corporation filings document a Nasdaq-listed precast concrete products company with common stock registered under the SMID symbol. Its 8-K reports furnish quarterly and annual operating results, preliminary financial information, and Regulation FD presentation materials covering operations and performance.
The filing record also includes shareholder-meeting disclosures on director elections, auditor ratification and advisory executive compensation votes. Its Form 12b-25 notice addresses the timing of an annual report and related financial reporting close, audit and internal control over financial reporting procedures.
Smith-Midland Corporation received a letter from Nasdaq stating it is not in compliance with Nasdaq listing rule 5250(c)(1) because its Form 10-Q for the quarter ended March 31, 2026 has not been filed on time. The notice currently has no immediate effect on the company’s Nasdaq Capital Market listing. The delay stems from the unanticipated resignation of a key accounting staff member, which disrupted the quarter-end close and review process. Smith-Midland has replaced this staff member and is working to complete management’s review and file the quarterly report as soon as practicable, while continuing to highlight broader business risks such as material weaknesses in internal controls and high accounts receivable.
Smith-Midland Corporation is holding its 2026 annual stockholder meeting on July 16, 2026 in Midland, Virginia to vote on three key items. Stockholders will elect five directors, approve the new 2026 Equity Incentive Plan authorizing 400,000 shares for restricted stock, RSUs and performance-based awards, and ratify BDO USA, P.C. as independent auditor for 2026.
The proxy details a five‑member board with three independent directors, active audit, compensation, and nominating committees, and an insider trading policy that bans short sales and most hedging without approval. It shows 5,306,554 shares outstanding as of May 22, 2026, with one institutional holder owning 34.7% and the founder family holding additional stakes. Executive pay for 2025 includes $628,280 for the CEO and $187,465 for the CFO, alongside a discussion of how compensation actually paid compares with rising net income of $12.5 million in 2025.
Smith-Midland Corporation notified the SEC that it cannot timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 due to an unanticipated resignation of a key accounting staff member that disrupted the quarter-end close and review process. The company replaced the staff member but does not expect to meet the five-calendar-day extension under Rule 12b-25 and is working to file the Quarterly Report as soon as practicable.
The filing also states preliminary operational context: revenue for the quarter is expected to be slightly lower and net income is expected to be significantly lower versus the quarter ended March 31, 2025, driven by the absence of a high-margin special barrier project that occurred in the prior-year quarter. Numbers are preliminary and subject to adjustment.
Smith-Midland Corporation reported a strong 2025, with total revenue rising 19% to $93,446 thousand and net income increasing to $12,506 thousand from $7,675 thousand in 2024. Earnings reached $2.36 per share, reflecting higher barrier rentals, shipping and installation, and Easi-Set/Easi-Span building sales.
Barrier rental revenue grew 64% to $19,705 thousand, helped by large special projects, while Easi-Set/Easi-Span building sales rose 72% to $11,482 thousand. Cost of sales margin improved, and operating income climbed 72% to $16,994 thousand. Year-end cash was $11,884 thousand with modest debt and a sales backlog of about $53.1 million.
The company highlights risks including dependence on infrastructure spending, a decline in backlog versus the prior year, cyber incidents including a 2025 ransomware event with employee data exfiltration, substantial debt, and material weaknesses in internal control over financial reporting as of December 31, 2025.
Smith-Midland Corporation reported record 2025 results with strong growth in revenue and profit. Full-year revenue rose 19 percent to $93.4 million, while net income increased 63 percent to $12.5 million, or $2.36 per diluted share. Fourth quarter revenue grew 25 percent to $23.1 million, with net income of $2.1 million, or $0.40 per diluted share.
Growth was broad-based, led by higher Soundwall, SlenderWall, and Easi-Set/Easi-Span building sales, as well as significantly higher barrier rental and shipping and installation service revenue. Full-year gross margin improved to 27.9 percent, reflecting better absorption of fixed costs and special barrier rental projects.
The company ended 2025 with $11.9 million in cash and $4.4 million of debt, after $9.2 million in capital spending. Management expects 2026 product sales volumes to be similar to 2025, with higher recurring barrier rentals but lower revenue from special barrier projects, and reported a backlog of approximately $53.1 million as of March 2025.
Smith-Midland Corporation notified the SEC it cannot timely file its Annual Report on Form 10-K for the year ended December 31, 2025 and submitted a Rule 12b-25 notification to obtain additional time.
The company cites the need to complete its financial close, auditing procedures and management's assessment of internal control over financial reporting, noting that a material weakness determination will be made. Smith-Midland provided preliminary operating guidance: Q4 2025 revenue of $22–$24 million (versus $18.5 million a year earlier) and full-year 2025 revenue of $92–$94 million, which implies an 18% increase at the midpoint; the company anticipates record annual net income, subject to audit adjustments.
Smith-Midland Corporation expects strong preliminary results for 2025, with full-year revenue projected between $92 and $94 million, about a 18% increase from 2024 at the midpoint. The company also anticipates record annual net income, subject to final adjustments.
For the fourth quarter of 2025, revenue is expected to be $22–$24 million, up from $18.5 million a year earlier, driven mainly by higher product sales plus shipping and installation revenue. Management attributes performance to infrastructure demand and its growth strategy, including expanding the rental barrier fleet.
Smith-Midland Corporation Chief Financial Officer Dominic L. Hunter reported the grant of 408 shares of common stock on 01/05/2026. The shares were awarded under the Smith-Midland Corporation 2016 Equity Incentive Plan, vesting immediately upon issuance as an officer stock bonus valued at $15,000. Following this grant, Hunter directly holds 408 common shares of the company.
Smith-Midland Corporation director James Russell Bruner received an equity grant of 414 shares of common stock as director compensation. The shares were granted on December 19, 2025 under the company’s 2016 Equity Incentive Plan, in respect of director fees of $15,000.
The grant value was based on the closing share price of $36.24 on December 18, 2025, and increased Bruner’s directly held stake to 7,008 shares of Smith-Midland common stock.