SMITH-MIDLAND CORPORATION (OTCMKTS:SMID) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

SMITH-MIDLAND CORPORATION (OTCMKTS:SMID) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On December 5, 2018, G. E. (Nick) Borst retired from the Board of Directors of Smith-Midland Corporation (the “Company”) and Mr. James Russell Bruner was appointed as a director to fill the vacancy resulting from Mr. Borst’s retirement. The initial term as director for Mr. Bruner will expire at the Company’s 2019 annual meeting of stockholders. Mr. Bruner is independent under the NASDAQ Marketplace Rules and the Company’s criteria for determining director independence. On the same date, Mr. Bruner was appointed as a member of each of the Company’s Compensation Committee and Audit Committee, replacing Mr. Borst.

Mr. Bruner has served as Chairman of Maersk Line, Limited (“Maersk Line”) since November 2016 and was President and Chief Executive Officer of Maersk Line from January 2014 to November 2017. Maersk Line owns and operates a fleet of container and tanker ships that are under the flag of the United States. These ships support military, government and humanitarian missions through the transportation of United States government cargo on an international basis. Through its subsidiaries, Maersk Line owns and/or operates ships designed to carry wheeled cargo and a fleet of tankers and maritime support vessels. Maersk Line operates as a subsidiary of A.P. Moller-Maersk A/S, an integrated transport and logistics company headquartered in Copenhagen, Denmark.

There are no arrangements or understandings between Mr. Bruner and any other person to which Mr. Bruner was elected to serve as a director, nor are there related party transactions requiring disclosure to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits


SMITH MIDLAND CORP Exhibit
EX-99.1 2 smid-pressrelease_bod201812.htm EXHIBIT 99.1 Blueprint   Smith-Midland Adds Global Executive to Board   MIDLAND,…
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About SMITH-MIDLAND CORPORATION (OTCMKTS:SMID)

Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells and installs a range of precast concrete products for use in the construction, highway, utilities and farming industries, through its subsidiaries. The Company’s precast and barrier rental customers are primarily general contractors and federal, state, and local transportation authorities located in the Mid-Atlantic, Northeastern, Midwestern and Southeastern regions of the United States. It offers products, including Easi-Set SlenderWall Lightweight Construction Panels, Easi-Set Sierra Wall, Easi-Set Precast Building and Easi-Span Expandable Precast Building, Easi-Set Utility Vault, SoftSound Soundwall Panels, Beach Prisms Erosion Control Modules and H2Out Secondary Drainage System. Its precast subsidiaries also produce farm products, such as cattleguards and water and feed troughs, as well as custom order precast concrete products with various architectural surfaces.

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