SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: July 8, 1996
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SMITH-MIDLAND CORPORATION
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(Exact Name Of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-13752 54-1727060
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(Commission File Number) (I.R.S. Employer Identification No.)
Route 28, P.O. Box 300, Midland, Virginia 22728
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(Address of Principal Executive Offices, Zip Code)
(540) 439-3266
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
TABLE OF CONTENTS
FORM 8-K
July 8, 1996
Item Page
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Item 5. Other Events 1
Signatures 2
Exhibits None
-i-
Item 5. Other Events
In January 1996, the former Chief Financial Officer (the "Claimant") of
Smith-Midland Corporation (the "Company") filed a request for arbitration under
the rules of the American Arbitration Association seeking damages of
approximately $250,000 based upon the claim of wrongful termination under his
employment agreement. The dispute was presented to an arbitrator in April 1996.
On July 1, 1996, the Company was notified that the arbitrator ruled partially in
favor of the Claimant and directed the Company to pay $80,000 to the Claimant.
Prior to the arbitrator's decision, the Company had reserved approximately
$35,000 in connection with the resolution of this claim. The Company is
currently negotiating the payment terms of the award with the Claimant.
SIGNATURES
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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.
SMITH-MIDLAND CORPORATION
Date July 8, 1996 By: /s/ Rodney I. Smith
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Rodney I. Smith,
President
