SBMW Security Midwest Bancorp, Inc.

NEUTRAL Impact: 2/10 10-K/A
Horizon immediate Filed Apr 30, 2026 Processed 1mo ago SEC 0001193125-26-195409
Amended annual report (potential restatement)
Latest settled — T+20d
SBMW ▲ +6.63% at T+20d
NEUTRAL call ✓ call won +6.63% · α vs SPY +1.66% · entry $16.00 → $17.06
Next anchor: T+60d in 6w
Currently $16.49 · +3.08% from $16.00 entry
Entry anchored
Apr 30, 2026
via day open
T+1d
0.00%
call 0.00% · α -0.22%
$16.00
settled 6w ago
T+5d
0.00%
call 0.00% · α -1.73%
$16.00
settled 5w ago
T+20d
+6.63%
call +6.63% · α +1.66%
$17.06
settled 15d ago
T+60d
—
call — · α —
—
in 6w

Price Chart

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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.

Actionable Insight

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.

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

Exchange
OTC
Sector
Savings Institutions, Not Federally Chartered

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
10-K/A Filing (Primary)0001193125-26-195409
Document: none-ex31_1.htm0001193125-26-195409
Document: none-ex31_2.htm0001193125-26-195409
Document: 0001193125-26-195409-index-headers.html0001193125-26-195409
Document: 0001193125-26-195409-index.html0001193125-26-195409
Document: 0001193125-26-195409.txt0001193125-26-195409

US Market Status

Market Closed — Opens Mon (49h 38m)

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