---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-034710"
form_type: "8-K"
ticker: "FRD"
cik: "0000039092"
company_name: "FRIEDMAN INDUSTRIES INC"
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:31:49.192143+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Friedman Industries repurchases 400K shares from Metal One for $5.1M; authorizes new 15% buyback program

## Summary
- Repurchased 400,041 shares from Metal One at $12.76/share for aggregate ~$5.1M on Dec 13, 2023.
- After repurchase, 6,971,824 shares outstanding; program authorizes up to 1,045,774 additional shares (15% of post-repurchase float).
- Program expires Dec 13, 2026; repurchases may be made via open market, block trades, or private transactions.
- CEO Michael Taylor cites confidence in future value creation and recent strategic investments expanding capabilities.

## SEC filing metadata
- accession: 0001437749-23-034710
- form_type: 8-K
- ticker: FRD
- cik: 0000039092
- company_name: FRIEDMAN INDUSTRIES INC
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39092/000143774923034710/0001437749-23-034710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39092/000143774923034710/frd20231218_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-034710
- JSON: https://secwatch.observer/filing/0001437749-23-034710.json
- Plain text: https://secwatch.observer/filing/0001437749-23-034710.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.