0000924719-13-000005.txt : 20130404 0000924719-13-000005.hdr.sgml : 20130404 20130404100552 ACCESSION NUMBER: 0000924719-13-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130401 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130404 DATE AS OF CHANGE: 20130404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMITH MIDLAND CORP CENTRAL INDEX KEY: 0000924719 STANDARD INDUSTRIAL CLASSIFICATION: CONCRETE PRODUCTS, EXCEPT BLOCK & BRICK [3272] IRS NUMBER: 541727060 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13752 FILM NUMBER: 13741913 BUSINESS ADDRESS: STREET 1: ROUTE 28 STREET 2: P O BOX 300 CITY: MIDLAND STATE: VA ZIP: 22728 BUSINESS PHONE: 5404393266 MAIL ADDRESS: STREET 1: RT 28 STREET 2: PO BOX 300 CITY: MIDLAND STATE: VA ZIP: 22728 8-K 1 smid-20130401x8kxpr.htm 8-K SMID-2013.04.01-8K-PR


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): April 1, 2013
 
 

SMITH-MIDLAND CORPORATION
(Exact Name of Registrant as Specified in Charter)
 
 

Delaware
(State or Other Jurisdiction of Incorporation)
1-13752
(Commission File Number)
54-1727060
(I.R.S. Employer Identification Number)

P.O. Box 300, 5119 Catlett Road
Midland, Virginia 22728
(Address of principal executive offices)
 
 

 (504) 439-3266
(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):

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

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

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

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












ITEM 2.02
Results of Operations and Financial Condition

On April 1, 2013, Smith-Midland Corporation issued a press release announcing its financial results for the year ended December 31, 2012.
 
A copy of the press release is attached hereto as Exhibit 99.1.
 
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS

(d)           Exhibits

Exhibit No
Exhibit Description
99.1
Press release, dated April 1, 2013

The information filed as an exhibit to this Form 8-K is being furnished in accordance with Item 2.02 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.










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.
 
Date:  April 4, 2013
 
 
SMITH-MIDLAND CORPORATION
 
 
 
By: /s/ William A. Kenter
 
William A. Kenter
Chief Financial Officer








SMITH-MIDLAND CORPORATION
Exhibit to Current Report on Form 8-K
April 1, 2013


Exhibit No
Exhibit Description
99.1
Press release, dated April 1, 2013




EX-99.1 2 exhibit991-pressrelease.htm PRESS RELEASE Exhibit 99.1-Press Release


Exhibit 99.1


News > Smith-Midland > Financial > 2012 Results
April 1, 2013

SMC Announces Financial Results for the Year Ended December 31, 2012

MIDLAND, Va. - Smith-Midland Corporation (OTCBB: SMID) announced the company reported total revenue of $24.9 million for 2012 as compared to $26.7 million for 2011, a decrease of $1.8 million, or 7%. Pre-tax income for 2012 was $559,000 compared to a pre-tax loss of $488,000 for 2011, or an increase of $1,046,000. The Company had net income of $377,000 for 2012, as compared to a net loss of $352,000 in 2011, an increase of $729,000. The basic and diluted income per share was $.08 for 2012, while basic and diluted loss per share were $.07 for 2011.

Rodney Smith, Chairman and CEO stated, “There is a great deal of good news that is not obvious when looking at just the 2012 numbers.

"During the Great Recession of '09 through '12, Smith Midland recorded its highest four-year earnings in the company's fifty-two year history, this at a time when seven competitors in our market area either bankrupted, closed their precast factories, or were merged out of existence because the economy crashed for construction-related industries.
    
"How could Smith Midland accomplish this? We did not deviate from our plan of diversifying our product lines, were relentless in innovation through research and development, created new, more efficient versions of our existing precast products, and created new precast concrete products for our company and our licensing company, EASI-Set Worldwide. No other precast concrete products company has the track record for introducing successful new products that Smith Midland has.
    
"In keeping with our objective of running Smith Midland leaner and stronger each day to reach our twenty-five year goals, we anticipate introducing more new products and more improved products over the next five years than during any other five-year period in the company's history. Remember my reference to Warren Buffet's instructions to Tony Nicely of GEICO from my third quarter 2011 press release. Mr. Buffet said, 'I want you to run GEICO with the goal of where you want the company to be in 25 years.'”

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries.

This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors which might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, general business and economic conditions, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

For more complete information on Smith-Midland Corporation, visit the Company's web site at SMITHDELAWARE.com. The “Investor Relations” area will include the Company's Form 10-K.



Media Inquiries:
William A. Kenter
wkenter@smithmidland.com
Sales Inquiries:
info@smithmidland.com