{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-001584","form_type":"8-K","ticker":"SMID","cik":"0000924719","company_name":"SMITH MIDLAND CORP","filed_at":"2023-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.612496+00:00","generated_at":"2026-06-19T18:54:09.500299+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Smith-Midland amends by-laws to remove cause requirement for director removal, lowers vote threshold to majority","bullets":["Board adopted amendment to By-Laws effective Feb 8, 2023, removing cause requirement for director removal.","Vote threshold for removal reduced from 80% to majority of outstanding voting shares.","Amendment applies to removal of any director or entire board, effective immediately."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-001584","json":"https://secwatch.observer/filing/0001654954-23-001584.json","markdown":"https://secwatch.observer/filing/0001654954-23-001584.md","text":"https://secwatch.observer/filing/0001654954-23-001584.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924719/000165495423001584/0001654954-23-001584-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924719/000165495423001584/smid_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T18:54:09.500299+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"061a1c7620013ce0ee83857d36998bb3627dae44","claim":"SMITH MIDLAND CORP: Amended Section 3.11 of the By-Laws to remove cause requirement for director removal and reduce removal vote threshold from 80% to majority of voting power (effective 2023-02-08).","evidence_excerpt":"On February 8, 2023, the Board of Directors of the Company adopted an amendment to the By-Laws of the Company (the “Amendment”), effective as of such date. The Amendment amends Section 3.11 of Article III of the By-Laws such that (a) cause is no longer required to remove any director, or the entire Board of Directors, and (b) the vote required in order to remove any director, or the entire Board of Directors, has been changed from the affirmative vote of the holders of at least 80 percent of the voting power of all of the then-outstanding shares of Voting Stock, voting together as a single class, to the affirmative vote of the holders of a majority of the voting power of all of the then-outstanding shares of Voting Stock, voting together as a single class.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/924719/000165495423001584/0001654954-23-001584-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-02-08"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}