This is a purely administrative filing to cure an incomplete original 10-K. No trading signal. Monitor the next 10-Q for any operational or financial updates, as the original 2025 annual report's financials remain unamended.
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Executive Summary
Security Midwest Bancorp filed Amendment No. 1 to its 2025 Form 10-K solely to add Part III disclosures (director/officer biographies, executive compensation, beneficial ownership, related-party transactions, and audit fees) and new Section 302 certifications that were omitted from the original filing. The amendment does not restate or change any previously reported financial statements or Part I/II disclosures. This is a routine administrative correction with no financial impact.
Key Facts
- Amendment adds Part III items (10-14) and new SOX 302 certifications (Exhibits 31.1, 31.2) that were missing from the original 10-K
- No changes to previously reported financial statements or any Part I/II disclosures
- Auditor is Wipfli LLP; audit fees dropped from $153,726 in 2024 to $77,764 in 2025
- Related-party loans to officers/directors totaled $7.78 million at December 31, 2025, all performing and on arm's-length terms
- CEO Stephan Antonacci total compensation: $318,398 (2025) vs $288,474 (2024); CFO Brenda Minder: $239,106 vs $210,807
- ESOP holds 62,285 shares (7.0%); Raymond James Financial Services holds 64,187 shares (7.2%)
- Shares outstanding: 889,781 as of March 23, 2026; public float: $8.4 million
Financial Impact
No financial impact — amendment adds only governance and compensation disclosures; financial statements unchanged
Risk Factors
- No material risks identified from this amendment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001193125-26-195409 |
| Document: none-ex31_1.htm | 0001193125-26-195409 |
| Document: none-ex31_2.htm | 0001193125-26-195409 |
| Document: 0001193125-26-195409-index-headers.html | 0001193125-26-195409 |
| Document: 0001193125-26-195409-index.html | 0001193125-26-195409 |
| Document: 0001193125-26-195409.txt | 0001193125-26-195409 |
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