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): December 3, 2009
SMITH-MIDLAND
CORPORATION
(Exact
Name of Registrant as Specified in Charter)
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Delaware
(State
or Other Jurisdiction of
Incorporation)
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1-13752
(Commission
File
Number)
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54-1727060
(I.R.S.
Employer
Identification
Number)
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P.O.
Box 300, 5119 Catlett Road
Midland,
Virginia 22728
(Address
of principal executive offices)
(540) 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):
¨ 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 (17CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR
240.13e-4(c))
On December 3, 2009, Smith-Midland
Corporation issued the following press release.
Smith-Midland
Corporation Announces Company Updates
MIDLAND,
VA. (BUSINESS WIRE, December 3, 2009) – Smith-Midland Corporation (OTCBB: SMID)
announces the following Company updates:
Production
begins on $8 million project
Highest
1st three
Quarter earnings in Company history
New $1.1
million contract
Three new
product patent applications
(details
below)
Production
begins on $8 million project.
An $8
million highway soundwall project for the state of Maryland began on December 1,
2009, after a short delay which was previously reported on Form 10-Q for the
period ended September 30, 2009 filed on November 12, 2009.
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.
Highest
1st
three Quarter earnings in Company history:
On Form 10-Q filed on November 12,
2009, the Company reported higher first nine month earnings than in any prior
comparable period since the beginning of the Company. Pre-tax income
was $3.5 million for the nine months ended September 30, 2009. Net
income for the same period was approximately $2.1 million, or $.45 per share
(fully diluted).
New
$1.1 million contract:
Smith-Midland Corporation has been
awarded a new contract in the amount of $1.1 million to provide its precast
soundwall panels for the I-195 interchange to Route 1 in Baltimore County, MD.
The contract goes into production immediately.
Three
new product patent applications:
Smith-Midland
and Easi-Set Industries, our licensing company, has filed new patent
applications (provisional) for three new precast concrete products:
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1.
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A
new embedded post and integral cast panel for the commercially successful
Sierra Highway Soundwall.
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2.
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The
first USA offering of a free standing double JJ Hooks bridge parapet (not
bolted down).
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3.
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New
integrally cast prestressed and post tensioned floor and wall foundations
system for the Smith-Midland line of Easi-Set Ultra large precast
buildings sizes up to 50’ clearspan by 200
ft.
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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 SMITHMIDLAND.com. The “Investor Relations” area will include the
Company’s Form 10-K.
Contact:
William
A. Kenter
Chief
Financial Officer
wkenter@smithmidland.com
540.439.3266
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.
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Date: December
3, 2009
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SMITH-MIDLAND
CORPORATION
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By: /s/ William A.
Kenter
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William
A. Kenter
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Chief
Financial Officer
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