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Smith Midland Corp

SMID · Nasdaq

2 reporting failures in the last 12 months

Companies at this level ended the following year delisted, bankrupt, restated or silent 13.1% of the time, against 4.0% for companies with a clean record.

$93Mpublic float
2026-05-14most recent failure

Score over time

01234202220232024202520262022-07-01 · score 22022-06-03 auditor change2022-04-08 auditor change2022-10-01 · score 22022-06-03 auditor change2022-04-08 auditor change2023-01-01 · score 22022-06-03 auditor change2022-04-08 auditor change2023-04-01 · score 22022-06-03 auditor change2022-04-08 auditor change2023-07-01 · score 22023-05-31 auditor change2023-04-03 filed late (10-K) · accounts not ready2023-10-01 · score 42023-08-23 auditor change2023-08-15 filed late (10-Q) · auditor2023-05-31 auditor change2023-04-03 filed late (10-K) · accounts not ready2024-01-01 · score 42023-08-23 auditor change2023-08-15 filed late (10-Q) · auditor2023-05-31 auditor change2023-04-03 filed late (10-K) · accounts not ready2024-04-01 · score 42023-08-23 auditor change2023-08-15 filed late (10-Q) · auditor2023-05-31 auditor change2023-04-03 filed late (10-K) · accounts not ready2024-07-01 · score 42024-05-15 filed late (10-Q) · accounts not ready2024-04-01 filed late (10-K) · material weakness2023-08-23 auditor change2023-08-15 filed late (10-Q) · auditor2024-10-01 · score 22024-05-15 filed late (10-Q) · accounts not ready2024-04-01 filed late (10-K) · material weakness2025-01-01 · score 22024-05-15 filed late (10-Q) · accounts not ready2024-04-01 filed late (10-K) · material weakness2025-04-01 · score 32025-03-31 filed late (10-K) · material weakness2024-05-15 filed late (10-Q) · accounts not ready2024-04-01 filed late (10-K) · material weakness2025-07-01 · score 22025-05-15 filed late (10-Q) · accounts not ready2025-03-31 filed late (10-K) · material weakness2025-10-01 · score 22025-05-15 filed late (10-Q) · accounts not ready2025-03-31 filed late (10-K) · material weakness2026-01-01 · score 22025-05-15 filed late (10-Q) · accounts not ready2025-03-31 filed late (10-K) · material weakness2026-04-01 · score 22026-03-31 filed late (10-K) · material weakness2025-05-15 filed late (10-Q) · accounts not ready2026-07-01 · score 22026-05-14 filed late (10-Q) · staff or resources2026-03-31 filed late (10-K) · material weakness2026-10-01 · score 22026-05-14 filed late (10-Q) · staff or resources2026-03-31 filed late (10-K) · material weakness

Hover or tap a dot to see the filings behind that score.

Why they said they were late

Smith-Midland Corporation (the “Company”) has determined that it will be unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the “Quarterly Report”) within the prescribed time period without unreasonable effort or expense. During the preparation of its financial statements for the quarter ended March 31, 2026, the Company experienced changes in its internal accounting personnel resulting from the unanticipated resignation of a key accounting staff member, which disrupted the Company’s quarter-end close and review process. As a result, additional time is required to complete management’s review procedures and finalize the Company’s financial statements and related disclosures. Although the Company has replaced the staff member and transitioned responsibilities, due to the significance of the staff member’s role and the resulting disruption to the Company’s quarter-end close and review process, the Company does not currently expect to file the Quarterly Report within the five-calendar day extension period provided under Rule 12b-25 under the Securities Exchange Act of 1934. The Company is working diligently to complete and file the Quarterly Report as soon as practicable. Forward-Looking Statements This Form 12b-25 includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve risks and uncertainties, including statements regarding the Company’s expected date of filing the Quarterly Report. Forward-looking statements are based on current expectations but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including but not limited to risks and uncertainties related to the completion of matters necessary to permit the filing of the Quarterly Report

NT 10-Q, filed 2026-05-14 · staff or resources

What it filed

2026-05-14filed late (10-Q)staff or resources SEC →

Smith-Midland Corporation (the “Company”) has determined that it will be unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the “Quarterly Report”) within the prescribed time period without unreasonable effort or expense. During the preparation of its financial statements for the quarter ended March 31, 2026, the Company experienced changes in its internal accounting personnel resulting from the unanticipated resignation of a key accounting staff member, which disrupted the Company’s quarter-end close and review process. As a result, additional time is required to complete management’s review procedures and finalize the Company’s financial statements and related disclosures. Although the Company has replaced the staff member and transitioned responsibilities, due to the significance of the staff member’s role and the resulting disruption to the Company’s quarter-end close and review process, the Company does not currently expect to file the Quarterly Report within the five-calendar day extension period provided under Rule 12b-25 under the Securities Exchange Act of 1934. The Company is working diligently to complete and file the Quarterly Report as soon as practicable. Forward-Looking Statements This Form 12b-25 includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve risks and uncertainties, including statements regarding the Company’s expected date of filing the Quarterly Report. Forward-looking statements are based on current expectations but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including but not limited to risks and uncertainties related to the completion of matters necessary to permit the filing of the Quarterly Report

2026-03-31filed late (10-K)material weakness SEC →

Smith-Midland Corporation (the “Company”) has determined that it is unable to file its Annual Report on Form 10-K for the year ended December 31, 2025, within the prescribed time period, without unreasonable effort or expense. The Company requires additional time to complete its financial reporting close process, including management's assessment of the Company’s internal control over financial reporting, as to which material weakness existence will be made, and to gather information required to complete auditing procedures

2025-05-15filed late (10-Q)accounts not ready SEC →

Smith-Midland Corporation (the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, within the prescribed time period, without unreasonable effort or expense. The Company requires additional time to complete its financial reporting close process as a result of delays in filing the Company’s Annual Report on Form 10-K (“10-K”) for the year ended December 31, 2024. The delay in filing the Form 10-K is related to additional time needed to complete its financial reporting close process as referenced in Form 12b-25 as filed on March 31, 2025. The Company anticipates to file its Annual Report on the Form 10-K in the near future, and the Form 10-Q shortly thereafter

2025-03-31filed late (10-K)material weakness SEC →

Smith-Midland Corporation (the “Company”) has determined that it is unable to file its Annual Report on Form 10-K for the year ended December 31, 2024, within the prescribed time period, without unreasonable effort or expense. The Company requires additional time to complete its financial reporting close process, including management's assessment of the Company’s internal control over financial reporting, as to which material weakness existence will be made, and to gather information required to complete auditing procedures

2024-05-15filed late (10-Q)accounts not ready SEC →

Smith-Midland Corporation (the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, within the prescribed time period, without unreasonable effort or expense. The Company requires additional time to complete its financial reporting close process as a result of delays in filing the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The delay in filing the Form 10-K is related to additional time needed to complete its financial reporting close process as referenced in Form 12b-25 as filed on April 1, 2024. The Company anticipates to file its Annual Report on the Form 10-K in the near future, and the Form 10-Q shortly thereafter

2024-04-01filed late (10-K)material weakness SEC →

Smith-Midland Corporation (the “Company”) has determined that it is unable to file its Annual Report on Form 10-K for the year ended December 31, 2023, within the prescribed time period, without unreasonable effort or expense. The Company requires additional time to complete its financial reporting close process, including management's assessment of the Company’s internal control over financial reporting, as to which material deficiency existence (including with respect to accounts receivable allowances) will be made, and to gather information required to complete auditing procedures

2023-08-23auditor changed or resigned SEC →

2023-08-15filed late (10-Q)auditor SEC →

Smith-Midland Corporation (the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2023, within the prescribed time period, without unreasonable effort or expense, as the Company requires additional time to appoint a new independent registered public accounting firm. The Company does not anticipate being able to file its Quarterly Report on Form 10-Q until such time that the Company has transitioned to a new independent registered public accounting firm

2023-05-31auditor changed or resigned SEC →

2023-04-03filed late (10-K)accounts not ready SEC →

The extension is needed to gather additional information to complete auditing procedures of the Company’s financial statements for the year ended December 31, 2022

2022-06-03auditor changed or resigned SEC →

2022-04-08auditor changed or resigned SEC →

About this score

reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.

Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.

See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.

Every item above is a filing this company made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not investment advice

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