8 unchanged sentences
The Company has adopted the Friedman Industries, Incorporated Code of Conduct and Ethics (the “Code”), which applies to the Company’s employees, directors and officers, including its principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions.
−Removed: A copy of the Code is filed as an exhibit hereto.
+Added: A copy of the Code is attached as an exhibit hereto.
Executive Compensation
10 unchanged sentences
Information with respect to Item 14 is hereby incorporated herein by reference from the Company’s proxy statement in respect of the 2026 Annual Meeting of Shareholders, definitive copies of which are expected to be filed with the SEC on or before 120 days after the end of the Company’s 2026 fiscal year.
−Removed: The Company's independent public accounting firm is Moss Adams LLP , Houston, Texas , PCAOB ID:
+Added: The Company's independent public accounting firm is Baker Tilly US LLP , Houston, Texas , PCAOB ID:
Exhibits and Financial Statement Schedules
4 unchanged sentences
Consolidated Statements of Operations — Years ended March 31, 2026 and 2025
−Removed: Consolidated Statements of Comprehensive Income — Years ended March 31, 2025 and 2024
Consolidated Statements of Stockholders’ Equity — Years ended March 31, 2026 and 2025
17 unchanged sentences
10.8 — Third Amendment to Amended and Restated Credit Agreement (incorporated by reference from Exhibit 10.12 to the Company's Form 10 -K for the fiscal year ended March 31, 2022 filed on August 2, 2022).
−Removed: Fourth Amendment to Amended and Restated Credit Agreement (referenced in the Company’s Form 8-K filed on May 9, 2025)
+Added: 10.9 — Fourth Amendment to Amended and Restated Credit Agreement (incorporated by reference from Exhibit 10.9 to the Company's Form 10 -K for the fiscal year ended March 31, 2025, filed on June 12, 2025).
+Added: 10.10 — Fifth Amendment to Amended and Restated Credit Agreement and Second Amendment to Security Agreement (incorporated by reference from Exhibit 10.1 to the Company's Form 8 -K dated August 29, 2025, filed on September 3, 2025).
+Added: 10.11 — Sixth Amendment to Amended and Restated Credit Agreement (incorporated by reference from Exhibit 10.2 to the Company's Form 10 -Q for the filed on February 9, 2026).
+Added: 10.12 — Friedman Industries, Incorporated 2025 Long-Term Incentive Plan (incorporated by reference to Appendix D to the Company's Schedule 14A Definitive Proxy Statement filed on July 28, 2025).
The Company’s Annual Report to Shareholders for the fiscal year ended March 31, 2026.
−Removed: Friedman Industries, Incorporated Code of Conduct and Ethics.
−Removed: Insider Trading Policy
+Added: Friedman Industries, Incorporated Code of Conduct and Ethics (incorporated by reference to Exhibit 14.1 to the Company's Form 10 -K for the fiscal year ended March 31, 2025, filed on June 12, 2025).
+Added: 19.1 — Insider Trading Policy (incorporated by reference to Exhibit 19.1 to the Company's Form 10 -K for the fiscal year ended March 31, 2025, filed on June 12, 2025).
List of Subsidiaries.
−Removed: Consent of Moss Adams LLP.
+Added: Consent of Baker Tilly US LLP.
Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, signed by Michael J.
4 unchanged sentences
Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, signed by Alex LaRue.
−Removed: Clawback Policy
+Added: 97.1 — Clawback Policy (incorporated by reference to Exhibit 97.1 to the Company's Form 10 -K for the fiscal year ended March 31, 2025, filed on June 12, 2025).
Inline XBRL Instance Document.
21 unchanged sentences
and Principal Accounting Officer)
−Removed: June 12, 2025
/S/ MICHAEL HANSON
14 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.