Filing Analysis
Friedman Industries, Inc. filed an 8-K to announce its financial results for the first quarter ended June 30, 2026. The filing serves as a formal announcement of earnings via a press release.
📋 Key Facts
- Report date: August 6, 2026
- Reporting period: First quarter ended June 30, 2026
- The company issued a press release (Exhibit 99.1) containing the financial results.
- Signed by Alex LaRue, Chief Financial Officer.
Friedman Industries, Inc. filed an 8-K to announce the release of its financial results for the fourth quarter and fiscal year ended March 31, 2026. The filing serves as a cover for the press release furnished as Exhibit 99.1.
📋 Key Facts
- Financial results announced for the fiscal year ended March 31, 2026
- Press release issued and furnished as Exhibit 99.1 on June 11, 2026
- The filing is primarily a disclosure of results of operations and financial condition (Item 2.02)
Friedman Industries announced a planned expansion of its Sinton, Texas facility on March 17, 2026. The expansion includes increasing the building size and adding laser cutting equipment to introduce new fabrication capabilities.
📋 Key Facts
- The announcement was made via a press release on March 17, 2026.
- The expansion targets the company's existing Sinton, Texas facility.
- Capital improvements include building expansion and the acquisition of laser cutting equipment.
- The goal of the investment is to provide new fabrication capabilities for the company.
Friedman Industries, Inc. issued an 8-K to announce its financial results for the third fiscal quarter ended December 31, 2025.
📋 Key Facts
- Report date: February 9, 2026
- Reporting period: Third fiscal quarter ended December 31, 2025
- The filing consists of a press release (Exhibit 99.1) regarding results of operations and financial condition.
Friedman Industries entered into a Sixth Amendment to its existing Credit Agreement on December 9, 2025. The amendment increases the aggregate credit facility commitment from $125 million to $140 million and modifies certain threshold amounts and definitions.
📋 Key Facts
- Amendment date: December 9, 2025
- Increase in aggregate commitments from $125 million to $140 million
- Parties involved include Century Metals & Supplies, LLC (borrower) and JPMorgan Chase Bank, N.A. (administrative agent)
- Amendment includes modifications to threshold amounts and the definition of 'Eligible Accounts'
Friedman Industries, Inc. filed this 8-K/A to supplement a previous filing regarding the acquisition of real estate, operations, and equipment from Century Metals & Supplies, Inc. and related entities in Florida. The amendment provides the required audited financial statements and pro forma information for the acquired business.
🚩 Red Flags
- None identified; this is a standard supplemental filing to provide required post-acquisition financial data.
📋 Key Facts
- Acquisition completed on August 29, 2025, involving assets in Miami, Tampa, and Orlando, Florida.
- Acquired from Century Metals & Supplies, Inc., CEME Holdings LLC, Palm Lakes Investment LLC, and Jemi Investments, LLC.
- Includes audited financial statements for the years ended December 31, 2024, and 2023 (Exhibit 99.1).
- Includes unaudited interim financial statements for the six months ended June 30, 2025, and 2024 (Exhibit 99.2).
- Provides unaudited pro forma condensed combined financial information as of June 30, 2025 (Exhibit 99.3).
Friedman Industries, Inc. issued an 8-K to announce the release of its financial results for the second fiscal quarter ended September 30, 2025.
📋 Key Facts
- Reporting period: Second fiscal quarter ended September 30, 2025.
- Filing date: November 10, 2025.
- The filing includes a press release (Exhibit 99.1) detailing the financial results.
Friedman Industries held its Annual Meeting of Shareholders on September 18, 2025. The meeting resulted in the election of seven directors and approval of several key items including auditor ratification and a new Long-Term Incentive Plan.
🚩 Red Flags
- Amendment to Articles of Incorporation regarding Bylaw amendments failed to reach the required two-thirds supermajority threshold.
📋 Key Facts
- Seven nominees were elected to the Board of Directors: Michael J. Taylor, Michael Hanson, Max Reichenthal, Sandy Scott, Tim Stevenson, Sharon Taylor, and Joe L. Williams.
- Shareholders ratified Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2026 (5,140,194 votes 'For').
- The 2025 Long-Term Incentive Plan was approved by shareholders.
- An amendment to the Articles of Incorporation regarding shareholder ability to amend Bylaws was NOT approved as it failed to meet the two-thirds majority requirement.
- Shareholders voted on executive compensation (Say-on-Pay) and voting frequency, with a preference for 1-year frequency.
Friedman Industries, Inc. entered into a definitive agreement to acquire the real estate, operations, equipment, and inventory of Century Metals & Supplies, Inc.'s Florida facilities for approximately $45.25 million in cash plus a $3.5 million note. The deal includes potential earn-outs up to $10 million based on performance metrics.
🚩 Red Flags
- Reduction in aggregate credit facility commitments from $150M to $125M.
- Significant cash outlay ($45.25M) for an acquisition, which may impact liquidity depending on existing cash reserves.
📋 Key Facts
- Acquisition price: ~$45.25 million in cash at closing and a $3.5 million note with 5-year maturity.
- Potential additional consideration (earn-out) of up to $10 million over 4 years based on performance metrics.
- Assets include real estate, operations, equipment, and inventory from Century's Miami, Tampa, and Orlando facilities.
- Credit facility amendment: Aggregate commitments reduced from $150 million to $125 million.
- Maturity date of the A&R Credit Agreement extended to August 29, 2030.
- Wells Fargo Bank, N.A. replaces BMO Harris Bank N.A. as a lender under the credit agreement.
Friedman Industries, Inc. filed an 8-K to announce its financial results for the first fiscal quarter ended June 30, 2025. The filing serves as a formal announcement of the earnings release issued on August 7, 2025.
📋 Key Facts
- Reporting period: First fiscal quarter ended June 30, 2025.
- Filing date: August 7, 2025.
- The company furnished a press release (Exhibit 99.1) containing the financial results.
Friedman Industries, Inc. announced the appointment of Gaurav Chhibbar as Chief Operating Officer (COO), effective July 10, 2025. The move brings in a professional with significant experience in metals risk management and global consulting.
📋 Key Facts
- Gaurav Chhibbar appointed as COO effective July 10, 2025.
- Chhibbar's background includes roles at Boston Consulting Group, Metal Edge Partners, and Cargill International/Inc.
- Compensation includes a base annual salary of $365,000 plus eligibility for short-term and long-term incentive programs.
- The appointment was announced via press release on July 14, 2025.
Friedman Industries, Inc. announced the appointment of Baker Tilly US, LLP as its new independent registered public accounting firm following the merger of Moss Adams LLP with Baker Tilly.
🚩 Red Flags
- None identified; the change is driven by a merger of the audit firm rather than company-initiated disagreement.
📋 Key Facts
- Moss Adams LLP merged with Baker Tilly US, LLP effective June 3, 2025.
- Baker Tilly US, LLP has been appointed as the successor auditor by the Audit Committee.
- The previous auditor (Moss Adams) resigned due to the merger rather than a disagreement.
- Audit reports for fiscal years ended March 31, 2024, and March 31, 2025, contained no adverse opinions or disclaimers.
Friedman Industries, Inc. filed an 8-K to announce its financial results for the fourth quarter and fiscal year ended March 31, 2025.
📋 Key Facts
- Report date: June 12, 2025
- Reporting period: Fourth quarter and fiscal year ended March 31, 2025
- The filing includes a press release (Exhibit 99.1) detailing financial results.
- Information under Item 2.02 is furnished rather than filed for liability purposes.
Friedman Industries, Inc. entered into a Fourth Amendment to its existing Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. The amendment serves to extend the maturity date of the company's debt obligations.
🚩 Red Flags
- Debt maturity extension may indicate a need for more time to improve liquidity or refinance existing obligations.
📋 Key Facts
- Entered into a Fourth Amendment to the A&R Credit Agreement on May 6, 2025.
- The agreement is with JPMorgan Chase Bank, N.A. acting as administrative agent.
- The primary purpose of the amendment is to extend the Maturity Date to August 19, 2026.
Friedman Industries, Inc. is transferring its common stock listing from the NYSE American to the Nasdaq Global Select Market. Trading on Nasdaq is expected to commence on April 8, 2025.
📋 Key Facts
- Transfer of listing from NYSE American to Nasdaq Global Select Market.
- Effective date for Nasdaq trading: April 8, 2025.
- Last day of trading on NYSE American: April 7, 2025.
- Ticker symbol remains 'FRD'.
Friedman Industries, Inc. announced the expansion of its Board of Directors through the appointment of Michael Hanson to a newly created director vacancy, effective March 19, 2025.
📋 Key Facts
- Michael Hanson appointed as a new director on March 19, 2025.
- The appointment involved increasing the total number of seats on the Board of Directors.
- Mr. Hanson previously served as VP of Sales and Marketing for North Star BlueScope Steel.
- Compensation includes pro rata portion of director fees and potential equity awards.
Friedman Industries, Inc. filed an 8-K to announce its financial results for the third fiscal quarter ended December 31, 2024.
📋 Key Facts
- Report date: February 7, 2025
- Reporting period: Third fiscal quarter ended December 31, 2024
- The filing includes a press release (Exhibit 99.1) containing the financial results.
- Information under Item 2.02 is furnished rather than filed to limit liability under Section 18 of the Exchange Act.
Friedman Industries, Inc. filed an 8-K to announce its financial results for the second fiscal quarter ended September 30, 2024.
📋 Key Facts
- The filing pertains to the second fiscal quarter ended September 30, 2024.
- Financial results were announced via a press release on November 12, 2024.
- The report was signed by Alex LaRue, Chief Financial Officer.
Friedman Industries, Inc. announced the Board's approval of a Key Employee Change of Control Severance Plan on September 18, 2024. The plan establishes specific bonus multipliers for the CEO and CFO in the event of a change in control or termination without cause.
🚩 Red Flags
- The establishment of change in control severance plans can sometimes precede M&A activity or management turnover.
📋 Key Facts
- Board approved a Key Employee Change of Control Severance Plan on September 18, 2024.
- Plan triggers if employment is terminated by the individual for 'good reason' or by the Company 'without cause'.
- Trigger window: Within three months prior to or 18 months after a change in control event.
- CEO bonus multiplier: Three times (base salary + average annual bonus) plus pro-rata bonus and health plan contribution multiple, plus $10,000 outplacement services.
- CFO bonus multiplier: Two times (base salary + average annual bonus) plus pro-rata bonus and health plan contribution multiple, plus $10,000 outplacement services.
Friedman Industries held its Annual Meeting of Shareholders on September 18, 2024. The meeting resulted in the election of seven directors and the ratification of Moss Adams LLP as independent auditors.
🚩 Red Flags
- Amendment to Articles of Incorporation regarding shareholder ability to amend bylaws was rejected.
📋 Key Facts
- Annual Meeting of Shareholders held on September 18, 2024.
- Seven nominees for the Board of Directors were elected to hold office until the next Annual Meeting or successors are qualified.
- Shareholders approved executive compensation (Say-on-Pay) with 3,932,832 shares in favor.
- Moss Adams LLP was ratified as the independent registered public accounting firm for the fiscal year ending March 31, 2025.
- An amendment to the Articles of Incorporation to allow shareholders to amend Bylaws failed to pass (did not meet the required two-thirds majority).
Friedman Industries, Incorporated issued an 8-K to announce its financial results for the first fiscal quarter ended June 30, 2024.
📋 Key Facts
- The filing reports on the company's financial results for the first fiscal quarter ended June 30, 2024.
- The announcement was made via a press release issued on August 8, 2024.
- The report is filed under Item 2.02 (Results of Operations and Financial Condition).
Friedman Industries, Inc. filed an 8-K to announce its financial results for the fourth quarter and fiscal year ended March 31, 2024.
📋 Key Facts
- The filing reports results of operations and financial condition for the period ending March 31, 2024.
- The announcement was made via a press release issued on June 11, 2024.
- The company is listed on the NYSE American under the ticker FRD.
Friedman Industries, Inc. filed an 8-K to announce its financial results for the third fiscal quarter ended December 31, 2023. The filing serves as a formal notification that a press release containing these results was issued on February 14, 2024.
📋 Key Facts
- Reporting period: Third fiscal quarter ended December 31, 2023.
- Filing date: February 14, 2024.
- The company issued a press release (Exhibit 99.1) containing the financial results.