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Friedman Industries bylaw proposal falls short of two-thirds

The bylaw-amendment proposal received fewer affirmative votes than the required two-thirds of outstanding shares entitled to vote.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

Friedman Industries, Incorporated (FRD) held its annual shareholder meeting on September 22, 2026, and elected all six director nominees—Michael J. Taylor, Michael Hanson, Max Reichenthal, Sandy Scott, Sharon Taylor and Joe L. Williams—to serve until the next annual meeting or until successors are elected and qualified. The non-binding advisory compensation resolution received 4,034,540 shares for, 98,253 against and 21,589 abstentions. The vote to ratify Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2027 included 5,946,451 shares for, 4,927 against and 3,076 abstentions. Shareholders did not approve the Articles of Incorporation amendment that would have allowed shareholders to amend the bylaws: it received 4,090,173 shares for, 58,200 against and 6,009 abstentions, fewer affirmative votes than the required two-thirds of outstanding shares entitled to vote.

Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Director nominees elected 6 nominees Elected at the September 22, 2026 annual meeting
Compensation resolution shares for 4,034,540 shares Non-binding advisory resolution regarding executive compensation
Compensation resolution shares against 98,253 shares Non-binding advisory resolution regarding executive compensation
Auditor ratification vote shares for 5,946,451 shares Baker Tilly US, LLP selection for the fiscal year ending March 31, 2027
Bylaw-amendment vote shares for 4,090,173 shares Amendment to the Articles of Incorporation
Bylaw-amendment vote shares against 58,200 shares Amendment to the Articles of Incorporation
Bylaw-amendment vote abstentions 6,009 shares Amendment to the Articles of Incorporation
non-binding, advisory resolution regulatory
"non-binding, advisory resolution regarding the compensation"
Named Executive Officers financial
"compensation of the Company’s Named Executive Officers"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
independent registered public accounting firm financial
"selection of Baker Tilly US, LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Articles of Incorporation regulatory
"amendment to the Company’s Articles of Incorporation"
A formal legal document filed with a government authority that creates a corporation and sets its basic rules — for example the company name, business purpose, how many ownership shares can exist, and who can receive legal notices. It matters to investors because it defines ownership structure, voting rights, and limits on liability, shaping who controls the company and how future shares or dividends can affect an investor’s stake; think of it as the company’s birth certificate and rulebook.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which directors did FRD shareholders elect?

Shareholders elected all six nominees: Michael J. Taylor, Michael Hanson, Max Reichenthal, Sandy Scott, Sharon Taylor and Joe L. Williams. They will serve until the next annual meeting or until their respective successors are duly elected and qualified.

Did FRD shareholders approve the bylaw-amendment proposal?

No. The amendment to Friedman Industries’ Articles of Incorporation that would have allowed shareholders to amend the bylaws was not approved because affirmative votes were below two-thirds of outstanding shares entitled to vote. It received 4,090,173 shares for, 58,200 against and 6,009 abstentions.

How did FRD shareholders vote on executive compensation?

The non-binding advisory compensation resolution received 4,034,540 shares for, 98,253 against and 21,589 abstentions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
false 0000039092 0000039092 2026-09-22 2026-09-22

 
 
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): September 22, 2026
 
Friedman Industries, Incorporated
(Exact name of registrant as specified in its charter)
 
Texas
1-07521
74-1504405
(State or other jurisdiction
(Commission File Number)
(IRS Employer Identification No.)
 of incorporation)
 
 
 
 
 
1121 Judson Rd., Suite 124
 
75601
Longview, Texas
 
(Zip Code)
(Address of principal executive offices)
 
 
 
(903) 758-3431
(Registrant’s telephone number, 
including area code)
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol
Name of each exchange
onwhichregistered
Common Stock, $1 Par Value
FRD
NasdaqGlobal Select Market
 
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):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).         
 
Emerging growth company         ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.         ☐
 

 
Item 5.07 Submission of Matters to a Vote of Security Holders.
 
On September 22, 2026, Friedman Industries, Incorporated (the “Company”) held its Annual Meeting of Shareholders. At the meeting, the shareholders voted on the election of six directors of the Company to hold office until the next Annual Meeting of Shareholders or until their respective successors are duly elected and qualified. The six nominees of the Board of Directors of the Company were elected at the meeting. The number of shares voted for and withheld with respect to each of the nominees were as follows:
 
Nominee
​
Shares Voted For
​
​
Shares Withheld
​
Michael J. Taylor
​
​
4,140,946
​
​
​
13,436
​
Michael Hanson
​
​
4,124,235
​
​
​
30,147
​
Max Reichenthal
​
​
4,131,049
​
​
​
23,333
​
Sandy Scott
​
​
3,656,017
​
​
​
498,365
​
Sharon Taylor
​
​
4,130,782
​
​
​
23,600
​
Joe L. Williams
​
​
3,743,795
​
​
​
410,587
​
 
 
The shareholders also voted on the following non-binding, advisory resolution regarding the compensation of the Company’s executive officers: “Resolved, that the shareholders approve the compensation of the Company’s Named Executive Officers as disclosed in the Company’s 2026 proxy statement pursuant to the disclosure rules of the U.S. Securities and Exchange Commission (which disclosure includes the Summary Compensation Table and related discussion).” The number of shares that were voted for, voted against or abstained from voting on the approval of the non-binding, advisory resolution regarding the compensation of the Company’s executive officers are as follows:
 
​
​
Shares
​
For
​
​
4,034,540
​
Against
​
​
98,253
​
Abstain
​
​
21,589
​
 
 
The shareholders also voted to ratify the selection of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2027. The number of shares that were voted for, voted against or abstained from voting on the ratification of the selection of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2027 are as follows:
 
​
​
Shares
​
For
​
​
5,946,451
​
Against
​
​
4,927
​
Abstain
​
​
3,076
​
 

 
The shareholders also voted on an amendment to the Company’s Articles of Incorporation to allow shareholders the ability to amend the Company’s Bylaws. The amendment to the Company’s Articles of Incorporation was not approved because the affirmative votes received were less than two-thirds of the Company’s outstanding shares entitled to vote at the meeting.
 
The number of the shares of Common Stock represented at the meeting that were voted for, voted against, or abstained from voting on the amendment to the Company’s Articles of Incorporation to allow shareholders the ability to amend the Company’s Bylaws are set forth below:
 
​
​
Shares
​
For
​
​
4,090,173
​
Against
​
​
58,200
​
Abstain
​
​
6,009
​
 

 
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: September 28, 2026
 
 
 
FRIEDMAN INDUSTRIES, INCORPORATED
 
 
 
 
 
 
 
 
By:
/s/ Alex LaRue
 
 
Alex LaRue
 
 
Chief Financial Officer - Secretary and Treasurer
 

Filing Exhibits & Attachments

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