Welcome to our dedicated page for FRIEDMAN INDUSTRIES SEC filings (Ticker: FRD), 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.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on FRIEDMAN INDUSTRIES's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into FRIEDMAN INDUSTRIES's regulatory disclosures and financial reporting.
Friedman Industries, Incorporated is calling a 2026 annual shareholder meeting on September 22, 2026, with 7,212,791 common shares entitled to vote as of July 27, 2026. Shareholders will vote on electing six directors, an advisory “Say‑on‑Pay” resolution, ratifying Baker Tilly US, LLP as auditor for the year ending March 31, 2027, and amending the Articles of Incorporation to let shareholders amend the bylaws, subject to a 75% voting‑power threshold.
The proxy describes a largely independent board, formal charters for Audit, Compensation and Nominating Committees, a clawback policy compliant with Section 10D, and an insider‑trading policy that prohibits hedging. For fiscal 2026, CEO Michael J. Taylor received total compensation of $2,709,607 and COO Gaurav Chhibbar $2,518,500, while net earnings were $19,533,000 and the company’s total shareholder return value reached 156.88 on a $100 base. Equity awards outstanding and available under plans, change‑in‑control severance multiples (up to 3x for certain executives), and $864,200 of 2026 audit fees to Baker Tilly are also detailed.
Friedman Industries, Incorporated is calling an Annual Meeting of Shareholders on September 22, 2026, in Houston, with a record date of July 27, 2026, covering 7,212,791 common shares entitled to one vote each. Shareholders will vote on electing six directors (following the retirement of Tim Stevenson), an advisory Say‑on‑Pay resolution on named executive officer compensation, ratification of Baker Tilly US, LLP as independent auditor for the year ending March 31, 2027, and an amendment to the Articles of Incorporation to allow shareholders to amend the bylaws with a 75% voting power threshold.
The proxy describes a largely independent board, combined Chairman/CEO structure, committee charters, a clawback policy, and an insider‑trading and hedging policy. For fiscal 2026, CEO Michael J. Taylor received total compensation of $2,709,607, CFO Alex LaRue $870,434, and COO Gaurav Chhibbar $2,518,500. Reported 2026 net earnings were $19,533,000, and the company highlights pay‑versus‑performance data and equity incentives, including 521,696 shares available under equity compensation plans.
Taylor Mike J reported acquisition or exercise transactions in this Form 4 filing.
Friedman Industries President and CEO Mike J. Taylor received a grant of 30,000 shares of restricted Common Stock. Following this award, he directly holds 253,166 shares. Half of the new shares vest in equal annual installments over three years starting April 1, 2026, and half vest based on performance criteria tied to earnings before tax and working capital-related metrics over the same three-year period, all subject to continued employment.
LaRue Alex reported acquisition or exercise transactions in this Form 4 filing.
Friedman Industries reported that Chief Financial Officer Alex LaRue received a grant of 10,000 shares of restricted Common Stock at no purchase price. Following this award, LaRue directly holds 41,646 shares.
Half of the restricted shares will vest in equal amounts each year over three years starting on April 1, 2026. The remaining half will vest based on performance criteria tied to earnings before tax and levels of accounts receivable, inventory, and property, plant and equipment over a three-year period beginning April 1, 2026. All vesting requires continued employment with the company.
Chhibbar Gaurav reported acquisition or exercise transactions in this Form 4 filing.
Friedman Industries Chief Operating Officer Gaurav Chhibbar reported an equity compensation award of 15,000 shares of restricted Common Stock on June 3, 2026, at a grant price of $0.00 per share. Following this grant, he directly holds 66,400 Common shares.
According to the award terms, half of the restricted shares will vest in equal amounts each year over three years starting April 1, 2026. The remaining half will vest based on performance criteria tied to earnings before tax and levels of accounts receivable, inventory, and property, plant and equipment over a three-year period beginning on the same date. All vesting is contingent on his continued employment with the company.
Friedman Industries reported sharply stronger results for Q4 and fiscal 2026. For the quarter ended March 31, 2026, net earnings increased to about $9.2 million on sales of $191.8 million, with diluted EPS of $1.30 and EBITDA of roughly $15.2 million. Management highlighted that quarterly sales volume reached the highest level in company history.
For fiscal 2026, net earnings rose to about $19.5 million on sales of $646.9 million, with diluted EPS of $2.76 and EBITDA of about $34.3 million. Sales volume grew to approximately 706,000 tons, aided mainly by same-facility growth and contributions from the Century Metals acquisition. Total assets were $336.8 million and stockholders’ equity was $151.5 million as of March 31, 2026.
Friedman Industries, Incorporated is a Texas-based metals manufacturer operating in two segments: flat-roll products and tubular products. Flat-roll processing and distribution facilities across Arkansas, Alabama, Florida, Indiana, Illinois and Texas handle sheet, plate, slit coil and laser-processed parts, while the Lone Star, Texas tubular division runs two electric resistance welded pipe mills licensed by the American Petroleum Institute.
Flat-roll products generated 92% of fiscal 2026 sales and 91% in 2025, with tubular products contributing 8% and 9%. The company sells flat-roll products and services to about 1,160 customers, including O'Neal Steel, which represented 15% of total sales in 2026 and 16% in 2025; tubular products are sold to about 80 customers with no single customer over 10% of sales.
Friedman reports 381 full-time employees as of March 31, 2026 and emphasizes safety, wellness and talent development. Its cybersecurity program is overseen by the Board and Audit Committee, uses modern controls such as firewalls, multi-factor authentication and intrusion detection, and had no incidents that materially affected operations or financial reporting. Real estate is largely owned and unencumbered, supplemented by long-term leases at key flat-roll locations. As of September 30, 2025, non-affiliate shareholders held roughly $146.7 million of common stock, with 7,107,491 shares outstanding at June 11, 2026.
Friedman Industries Inc: The Vanguard Group filed an Amendment No. 1 to Schedule 13G stating it beneficially owns 0 shares (0%) of Friedman Industries Inc. The amendment notes an internal realignment effective January 12, 2026, after which certain subsidiaries report holdings separately in reliance on SEC Release No. 34-39538.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026. It lists Vanguard's address and confirms no single other person holds more than 5% of the class.
Friedman Industries Chief Operating Officer Gaurav Chhibbar bought additional company stock in the open market. He purchased 400 shares of common stock at a price of $16.94 per share, bringing his direct holdings to 51,400 shares after the transaction.
Friedman Industries filed a current report describing plans to expand its facility on Steel Dynamics’ campus in Sinton, Texas. The project will increase the building size and add laser cutting equipment to offer new first-stage processing and fabrication capabilities for cut-to-length sheet.
The company expects the expansion to be completed in the fourth calendar quarter of 2026. Management describes the project as a strategic supply solution intended to improve customer efficiency, reduce handling in the supply chain, capture additional value-added services and strengthen margins and customer relationships.