---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-033900"
form_type: "8-K"
ticker: "FRD"
cik: "0000039092"
company_name: "FRIEDMAN INDUSTRIES INC"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T04:02:43.212322+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Friedman Industries adopts change of control severance plan with 3x CEO and 2x CFO multipliers

## Summary
- Plan approved Sept 18, 2024; applies if termination occurs within 3 months before or 18 months after a change in control.
- CEO receives 3x multiple of base salary + average annual bonus, plus pro-rata bonus; CFO gets 2x multiple.
- Each also receives same multiple of health plan contribution and up to $10,000 for outplacement services.
- Trigger: termination by company without cause or by individual for good reason.

## SEC filing metadata
- accession: 0001437749-24-033900
- form_type: 8-K
- ticker: FRD
- cik: 0000039092
- company_name: FRIEDMAN INDUSTRIES INC
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39092/000143774924033900/0001437749-24-033900-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39092/000143774924033900/frd20241106_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-033900
- JSON: https://secwatch.observer/filing/0001437749-24-033900.json
- Plain text: https://secwatch.observer/filing/0001437749-24-033900.txt

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