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SCI Engineered Materials, Inc. reported a management transition effective August 13, 2026. Shelby Yohn resigned as Chief Financial Officer after serving since April 2, 2026, but will remain with the company as Director of Accounting. She will continue to serve as the company’s Principal Financial and Accounting Officer, Treasurer and Assistant Secretary until a new CFO is elected.
The company has engaged an executive search firm to recruit the next Chief Financial Officer. During this transition, SCI has retained former CFO Jerry Blaskie as a consultant to oversee financial operations, providing continuity in the finance function while the search is underway.
SCI Engineered Materials, Inc. reported record revenue for the quarter ended June 30, 2026, with Q2 revenue of $9,485,119 versus $3,609,304 a year earlier and six‑month revenue of $17,645,481 versus $7,109,536. Net income was $1,170,276 for Q2 and $1,632,538 year‑to‑date.
Gross profit rose to $2,276,455 for Q2 and $4,311,575 for six months, while gross margin declined to 24.0% from 32.1% in Q2 2025 and to 24.4% from 31.4% year‑to‑date, mainly due to higher raw material input costs and product mix. Operating expenses increased, including $562,026 of fraud expense from an $898,325 imposter scam, partly offset by $336,299 recovered by June 30 and a subsequently approved $250,000 Smart Cyber insurance claim.
Cash and cash equivalents were $9,889,753 at June 30, 2026, with total investments in marketable securities of $3,368,250 and working capital of $10,060,714. Net cash provided by operating activities was $3,088,986 for the first six months, alongside higher inventories and customer deposits tied to late‑quarter orders. Revenue was derived largely from the photonics industry, exceeding 99% of total revenue, and the top two customers represented 87% of six‑month revenue.
SCI Engineered Materials, Inc. reported results from its Annual Meeting of Shareholders held on May 19, 2026 in Columbus, Ohio. Shareholders elected six directors, with each nominee receiving about 1.7 million votes for, roughly 386,000 votes withheld, and 940,616 non-votes.
Shareholders also ratified GBQ Partners LLC as the independent registered public accounting firm for the year ending December 31, 2026, with 3,022,449 votes for, 8,856 against, and 340 abstentions.
SCI Engineered Materials reported record quarterly growth but faced a one-time loss from a fraud incident. Revenue for the three months ended March 31, 2026 rose to $8,160,362 from $3,500,232 a year earlier, driven by higher volume, product mix and increased raw material pricing. Gross profit increased to $2,035,120, but gross margin declined to 24.9% from 30.6% as raw material costs and mix weighed on profitability.
Operating expenses rose to $1,546,196, including $562,026 of fraud expense tied to an $898,325 imposter scam, of which $336,299 had been recovered by April 30, 2026. Despite this, net income improved to $462,262 from $309,717, supported by higher gross profit and $109,086 of net interest income. Cash and cash equivalents were $8,540,160 at March 31, 2026, with an additional $3,367,688 invested in marketable securities and no borrowings on a $1 million credit line.
SCI Engineered Materials, Inc. is asking shareholders to vote at its Annual Meeting on May 19, 2026 at 9:30 a.m. EDT in Columbus, Ohio. Holders of 4,450,003 common shares as of March 30, 2026 can vote on two main items: electing six directors and ratifying GBQ Partners LLC as independent registered public accounting firm for 2026. The Board recommends voting FOR all director nominees and FOR auditor ratification.
The proxy describes the Board’s structure, committees and risk oversight, and notes that directors and executive officers as a group own 19.3% of outstanding shares, with Chairperson Laura F. Shunk holding 11.5%. It outlines an executive pay program built on salary, cash incentives and equity, with 2025 compensation of $484,582 for CEO Jeremiah R. Young and $351,642 for CFO Gerald S. Blaskie, alongside a pay-versus-performance table showing 2025 net income of $1.745 million. It also highlights leadership changes, including Mr. Blaskie’s retirement on April 1, 2026 and the appointments of Eric Massey as Vice President of Sales and Shelby Yohn as Chief Financial Officer.
SCI Engineered Materials, Inc. filed an initial ownership report showing that Chief Financial Officer Shelby S. Yohn directly holds 2,286 shares of the company’s common stock. This Form 3 filing establishes Yohn’s starting equity position as an officer, with no transactions reported in this filing.
SCI Engineered Materials, Inc. reported the planned retirement of longtime Chief Financial Officer, Treasurer and Assistant Secretary Gerald S. Blaskie, age 68, effective April 1, 2026. His retirement plans were previously announced on September 29, 2025 to allow a smooth transition.
Mr. Blaskie joined SCI as Chief Financial Officer in April 2001 and was elected Vice President, Treasurer and Assistant Secretary in March 2006. The company notes that revenue grew significantly during his 25 years with SCI and that it has been consistently profitable for the past eight years.
SCI highlights stronger finances achieved during his tenure. As of December 31, 2025, it had $7.9 million in cash and cash equivalents and approximately $3.4 million of investments in marketable securities. All outstanding debt was repaid in 2024, and the company remains debt free while investing in new manufacturing equipment to support future growth.
SCI Engineered Materials, Inc. announced a leadership change in its finance organization. The Board of Directors elected Shelby Yohn as Chief Financial Officer, Treasurer and Assistant Secretary, effective April 2, 2026, succeeding longtime executive Gerald S. Blaskie, who is retiring after a 25-year career with the company.
Yohn joined SCI in August 2024 as Director of Accounting and previously served from 2014 to 2024 as Corporate Group Controller at Sanoh America Inc., where she also held Plant Controller and Financial Analyst roles. She holds a Master of Professional Practices of Accounting and a Bachelor of Science in Business Administration from Ohio Northern University.
SCI Engineered Materials, Inc. executive Eric Massey, the company’s Vice President of Sales, filed an initial ownership report. The Form 3 shows he holds 8,054 shares of the company’s common stock directly. This filing records his existing stake rather than reporting a new stock purchase or sale.
SCI Engineered Materials, Inc. amendment reports that Huntington Bancshares Incorporated beneficially owned 158,656 shares of common stock, representing 3.5% as of 12/31/2025. The filing is an amendment (Amendment No. 1) to a Schedule 13G and is signed by the company General Counsel on 02/27/2026.