regulatory
confidence high
sentiment negative
materiality 0.60
Friedman Industries delays Form 10-K filing due to accelerated filer status and Plateplus transaction
FRIEDMAN INDUSTRIES INC
- Filer status changed to accelerated filer on Sept 30, 2021 after public float reached ~$76 million.
- Form 10-K for fiscal year ended March 31, 2022 was due June 14; filed NT 10-K for extension to June 29.
- Company unable to file on June 29; new expected filing date is on or before July 22, 2022.
- Contributing factors include completion of Plateplus, Inc. transaction and COVID-19 cases among accounting staff.
- Friedman Industries operates steel processing plants in Arkansas, Alabama, Indiana, Illinois, and Texas.