<SEC-DOCUMENT>0001654954-21-003476.txt : 20210330
<SEC-HEADER>0001654954-21-003476.hdr.sgml : 20210330
<ACCEPTANCE-DATETIME>20210330112806
ACCESSION NUMBER:		0001654954-21-003476
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210330
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210330
DATE AS OF CHANGE:		20210330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMITH MIDLAND CORP
		CENTRAL INDEX KEY:			0000924719
		STANDARD INDUSTRIAL CLASSIFICATION:	CONCRETE PRODUCTS, EXCEPT BLOCK & BRICK [3272]
		IRS NUMBER:				541727060
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13752
		FILM NUMBER:		21784461

	BUSINESS ADDRESS:	
		STREET 1:		ROUTE 28
		STREET 2:		P O BOX 300
		CITY:			MIDLAND
		STATE:			VA
		ZIP:			22728
		BUSINESS PHONE:		5404393266

	MAIL ADDRESS:	
		STREET 1:		RT 28
		STREET 2:		PO BOX 300
		CITY:			MIDLAND
		STATE:			VA
		ZIP:			22728
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>smid-20201231_8kpr.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<title>smid-20201231_8kpr</title>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a name="sD5D567B5927154FE9B7BEB077DC24739">&#xA0;</a></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">UNITED
STATES</font></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">SECURITIES AND EXCHANGE
COMMISSION</font></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">Washington, D.C.
20549</font></font></div>
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</td>
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<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 16px"><font style="font-size: 13px">&#xA0;</font><font style="font-weight: bold; font-size: 16px">FORM 8-K</font></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">CURRENT
REPORT</font></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">Pursuant to Section 13 or
15(d) of the</font></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">Securities Exchange Act of
1934</font></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">Date of Report (Date of
Earliest Event Reported): March 30, 2021<br></font></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"></div>
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<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px; height: 5px"><font style="font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 24px"><font style="font-weight: bold; font-size: 24px">SMITH-MIDLAND
CORPORATION</font></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">(Exact Name of Registrant as
Specified in Charter)</font></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
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<td style="width: 281px">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
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</tr><tr>
<td style="vertical-align: bottom; padding-bottom: 2px; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px; height: 5px"><font style="font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
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<tr>
<td style="vertical-align: bottom; width: 33%; padding-bottom: 2px">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Delaware</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">(State or Other
Jurisdiction of Incorporation)</font></div>
</td>
<td style="vertical-align: bottom; width: 34%; padding-bottom: 2px">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">1-13752</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">(Commission File
Number)</font></div>
</td>
<td style="vertical-align: bottom; width: 33%; padding-bottom: 2px">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">54-1727060</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">(I.R.S. Employer
Identification Number)</font></div>
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</div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">P.O. Box 300, 5119
Catlett Road</font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 12px"><font style="font-size: 13px">Midland, Virginia
22728</font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">(Address of principal
executive offices)</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; padding-left: 0px;">
<table cellpadding="0" cellspacing="0" style="text-align: left; font-family: inherit; font-size: inherit;text-align: left; margin-left: auto; margin-right: auto; width: 100%;">
</table>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-left: 0px"><font>&#xA0;</font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;(504)
439-3266</font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">(Registrant&#x2019;s
telephone number, including area code)</font></div>
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<td style="vertical-align: bottom; padding-bottom: 2px; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px; height: 5px"><font style="font-size: 13px">&#xA0;</font></div>
</td>
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</div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">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):</font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;</font>&#xA0;&#xA0;Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)</font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;</font>&#xA0;&#xA0;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;</font>&#xA0;&#xA0;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))</font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;</font>&#xA0;&#xA0;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))</font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="text-align: left; color: #000000; font-style: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; display: inline !important; float: none; font-size: 13px; font-family: Times New Roman">
Securities Registered Pursuant to Section 12(b) of the
Act:</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="text-align: left; font-family: inherit; font-size: inherit;text-align: left; padding-top: 0px; padding-bottom: 0px; margin-left: 0px; margin-right: auto; width: 100%;">
<tr>
<td style="vertical-align: bottom; width: 629px; padding-bottom: 2px; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">Title of each
class</font></font></div>
</td>
<td style="vertical-align: bottom; width: 629px; padding-bottom: 2px; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">Trading
Symbol</font></font></div>
</td>
<td style="vertical-align: bottom; width: 629px; padding-bottom: 2px; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">Name of each
exchange on which registered</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 629px; padding-bottom: 2px">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">Common Stock, $0.01
par value per share</font></font></div>
</td>
<td style="vertical-align: bottom; width: 629px; padding-bottom: 2px">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">SMID</font></font></div>
</td>
<td style="vertical-align: bottom; width: 629px; padding-bottom: 2px">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-size: 13px; font-family: Times New Roman">The NASDAQ Capital
Market</font></font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; color: #000000; letter-spacing: normal; white-space: normal"><font style="font-style: normal; font-weight: 400; font-size: 13px; font-family: Times New Roman">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; color: #000000; letter-spacing: normal; white-space: normal; height: 2px; background-color: #000000"><font style="font-style: normal; font-weight: 400; font-size: 13px; font-family: Times New Roman">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; color: #000000; letter-spacing: normal; white-space: normal"><font style="font-style: normal; font-weight: 400; font-size: 13px; font-family: Times New Roman">
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; color: #000000; letter-spacing: normal; white-space: normal"><font style="font-style: normal; font-weight: 400; font-size: 13px; font-family: Times New Roman">
&#xA0;<br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Indicate by check mark
whether the registrant is an emerging growth company as defined in
Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(&#xA7;240.12b-2 of this chapter).</font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;&#xA0;</font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0; &#xA0;
Emerging growth company&#xA0;<font style="font-family: Times New Roman">&#x2610;</font></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">If an emerging growth
company, indicate by check mark if the registrant has elected not
to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section
13 (a) of the Exchange Act. <font style="font-family: Times New Roman">&#x2610;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
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</div>
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<table cellpadding="0" cellspacing="0" style="text-align: left; font-family: inherit; font-size: inherit;text-align: left; width: 100%;">
<tr>
<td style="width: 109px">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td style="width: 573px">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">Item 2.02</font></font></div>
</td>
<td style="vertical-align: top; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">Results of Operations and
Financial Condition</font></font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 48px"><font style="font-size: 13px">On March 30, 2021
Smith-Midland Corporation issued a press release announcing its
financial results for the fourth quarter and full year ended
December 31, 2020.</font></div>
<div style="text-align: justify; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 48px"><font style="font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 48px"><font style="font-size: 13px">A copy of the press
release is attached hereto as Exhibit 99.1.</font></div>
<div style="text-align: justify; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;</font></div>
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</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
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<td style="width: 573px">
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</td>
</tr><tr>
<td style="vertical-align: top; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">Item 9.01</font></font></div>
</td>
<td style="vertical-align: top; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">Financial Statements and
Exhibits</font></font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Exhibits</font></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
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<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="text-decoration: underline; font-size: 13px">Exhibit
No</font></font></div>
</td>
<td style="vertical-align: top; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="text-decoration: underline; font-size: 13px">Exhibit
Description</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><a href="smid-20201231_ex991.htm"><font style="font-size: 13px">99.1</font></a></div>
</td>
<td style="vertical-align: top; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Press release, dated
March 30, 2021<br></font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 48px"><font style="font-size: 13px">The information filed as
an exhibit to this Form 8-K is being furnished in accordance with
Item 2.02 and shall not be deemed to be &#x201C;filed&#x201D; for the
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the &#x201C;Exchange Act&#x201D;), or otherwise subject to
the liabilities of such section, nor shall such information be
deemed incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such a
filing.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: center; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">SIGNATURES</font></font></div>
<div style="text-align: left; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: justify; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">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.</font></div>
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<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Date: March 30,
2021<br></font></div>
</td>
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<td style="vertical-align: top; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">SMITH-MIDLAND
CORPORATION</font></div>
</td>
</tr><tr>
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<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; padding-bottom: 2px; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">By: /s/ Adam J.
Krick</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; padding-bottom: 2px">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Adam J.
Krick</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Chief Financial
Officer</font></div>
</td>
</tr></table>
</div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>smid-20201231_ex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2021 Issuer Direct Corporation -->
<title>smid-20201231_ex991</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
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</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a name="s587D6CA94B0D51319AD41DC860AD5B7F">&#xA0;</a></div>
<div style="text-align: right; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><br></font></div>
<div style="text-align: right; line-height: 1.2; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold; font-size: 13px">Exhibit
99.1</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-weight: bold; font-size: 13px; font-family: Times New Roman">Smith-Midland
Reports Fourth Quarter and Full Year 2020 Results</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
<br>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">MIDLAND,
VA &#x2013; March 30, 2021 &#x2013; Smith-Midland Corporation
(NASDAQ: SMID) provider of innovative, high-quality proprietary and
patented precast concrete products and systems&#xA0;today announced
fourth quarter and year-end results for 2020.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Fourth Quarter 2020 Highlights</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Pre-tax income for
the fourth quarter 2020 grew to $1.3 million compared to $1.0
million in fourth quarter 2019</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Net income remained
strong year over year despite a slight reduction in revenues in the
fourth quarter 2020 compared to the same period in
2019</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Full Year 2020 Highlights</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Diluted earnings
per share increased an impressive 34 percent to $0.51 for full year
2020 compared to $0.38 for fiscal 2019</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Net income
increased 37 percent for full year 2020 compared to
2019</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Revenues for full
year 2020 totaled $43.8 million compared to $46.7 million in
2019</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Barrier rental
revenues increased 176 percent in 2020 compared to
2019</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Gross margin,
excluding royalties, increased to 22 percent in 2020 compared to 18
percent the prior year</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;I
am extremely impressed with Smith-Midland&#x2019;s performance and
ability to grow our earnings during such a pivotal year.&#x201D;
Ashley Smith, Chief Executive Officer commented. &#x201C;Despite a
dynamic macro environment throughout 2020, our team continued to
deliver. Deemed an essential business, we remained fully
operational, meeting the needs of our critical end markets while
working hard to keep our employees safe. We completed our uplisting
to NASDAQ and strengthened our liquidity position all while
delivering improved results including a notable 34 percent increase
in earnings per share. I am proud of our team members and
appreciate their hard work and dedication. We are excited about our
growth prospects moving forward. Longer-term, infrastructure spend
shows a positive outlook and there is a regulatory tailwind that we
could benefit from over the next few years. Last month we announced
Caltrans&#x2019; approval of our patented J-J Hooks self-aligning
barriers in California, which is home to the second largest highway
system in the United States, and will be a large focus for us in
2021. Our licensees are prepared to capitalize on this new
opportunity and future opportunities moving forward,&#x201D;
concluded Ashley.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Fourth Quarter 2020 Results</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company reported 2020 fourth quarter revenues of $11.1 million
compared to $12.4 million for pre-COVID-19 fourth quarter 2019.
Pre-tax income for the fourth quarter 2020 increased to $1.3
million compared to $1.0 million in 2019. Net income was steady at
$0.7 million for the fourth quarter 2020 compared to $0.8 million
for the same period the prior year. Diluted earnings per share for
the fourth quarter were $0.13, compared to $0.15 in the fourth
quarter of 2019.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Full Year 2020 Results</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Revenues
for the full year 2020 totaled $43.8 million compared to $46.7
million in 2019. Pre-tax income grew to $3.8 million for fiscal
2020 versus $2.5 million for fiscal 2019. Gross margin, excluding
royalties, improved 4 percentage points to 22 percent for full year
2020. Net income increased 37 percent from $1.9 million in 2019 to
$2.7 million for full year 2020. Diluted earnings per share
increased to $0.51 for 2020, compared to $0.38 for fiscal
2019.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Product Sales</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Smith-Midland
reports revenue in two categories, products sales and service
revenue. Total product sales for fiscal 2020 equaled $26.7 million
yielding mixed results. While the Company saw some pressure in
soundwall sales, utility sales and barrier sales, the decline in
barrier sales was a result of management&#x2019;s proactive shift to
barrier rentals to drive higher margins.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">SlenderWall
and Easi-Set products lagged large projects that took place in 2019
while also seeing impacts from reduced activity due to COVID-19
during 2020. These two factors contributed to a notable decline in
the year over year comparison. Smith-Midland is very enthusiastic
about the patented SlenderWall product, and the Company continues
to drive growth opportunities particularly through investments in
sales initiatives to gain market share.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company saw a significant year over year increase of 232 percent in
architectural panel sales resulting from a large project completed
during 2020. Additionally, Smith-Midland was awarded another large
architectural panel project with production commencing in the
fourth quarter 2020. Miscellaneous wall sales doubled in 2020 when
compared to the same period in 2019, and miscellaneous product
sales increased by 199 percent for fiscal 2020.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Service Revenue</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Barrier
rental revenues increasing 176 percent was the primary contributor
to Smith-Midland&#x2019;s significant increase in service revenues
totaling $17.1 million for full year 2020 compared to $14.4 million
in the prior year. The barrier rental increase was primarily driven
by a few short-term special projects and a decisive, strategic
shift to barrier rentals versus barrier sales resulting in an
increase in linear feet rented over the prior year yielding
favorable gross margin results.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Royalty
revenue increased 1 percent in 2020 compared to 2019. The second
half of the year saw an acceleration in royalties generated from
barriers and buildings. The Company is keenly focused on expanding
Smith-Midland&#x2019;s licensing opportunities and broadening the
reach of the Company&#x2019;s product offerings.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Shipping
and installation revenues which are derived both from shipping
products to the customer, and installation activities on customer
sites, decreased by 17 percent due to less SlenderWall and Easi-Set
building installation occurring when compared to 2019.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Balance Sheet and Liquidity</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">As of
December 31, 2020, Smith-Midland is pleased to report a notable
increase in cash and investments totaling $9.9 million dollars
compared to $2.5 million on December 31, 2019. Account receivables
total $10.5 million while outstanding debt for full year 2020
totals $4.9 million. The Company also received a PPP loan during
2020 of $2.7 million as a result of the CARES Act. Smith-Midland
significantly fortified the balance sheet and liquidity position
when compared to the prior year.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Macro Environment and Outlook</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Looking
ahead, Smith-Midland continues to focus on optimizing our
operations while looking for new and innovative ways to drive
long-term shareholder value. The industry in which we operate is
highly fragmented and has seen an increase in M&amp;A, primarily
through consolidation, which is consistent with the uptick in
overall infrastructure sentiment. Smith-Midland remains well
positioned to capitalize on pent up infrastructure opportunities
and regulatory demand is expected to increase in the coming years.
The Company&#x2019;s patented, proprietary products are well
established leaders in niche markets with high compliance
requirements. Smith-Midland will remain nimble in the
Company&#x2019;s approach to addressing macro challenges and will
continue to serve our customers and communities while maintaining
best practices for the safety and health of our employees and
stakeholders.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
About Smith-Midland</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Smith-Midland
develops, manufactures, licenses, rents, and sells a broad array of
precast concrete products and systems for use primarily in the
construction, transportation, and utilities industries. Management
and the board own approximately 20 percent of SMID stock, aligning
with shareholder values.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Forward-Looking Statements</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">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, the risk that the coronavirus outbreak may
adversely affect future operations, product demand, the impact of
competitive products and pricing, capacity and supply constraints
or difficulties, general business and economic conditions, out debt
exposure, 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.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Contact:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Media
Inquiries:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">AJ
Krick, CFO</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">540-439-3266</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #0563C1; font-size: 13px; font-family: Times New Roman">
investors@smithmidland.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Investor
Relations:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Steven
Hooser or Deidra Roy</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Three
Part Advisors, LLC</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">214-872-2710</font></div>
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