Friedman Industries, Incorporated 2025-2026 Proxy Voting Records

Description as filed by funds: Election of Directors: J. Williams

Friedman Industries, Incorporated’s own tally for this item (“Elect Director: Joe L. Williams”): 3,096,330 for, 410,029 withheld, per its Form 8-K filed September 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The seven nominees of the Board of Directors of the Company were elected at the meeting.”
Support: 88% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 33 asset managers below reported 799,595 for, 4,381 withheld, 233,827 abstained.

Showing the 25 largest of 33 asset managers. All 33 are in the interactive database (link above).

Description as filed by funds: Election of Directors: M. Hanson

Friedman Industries, Incorporated’s own tally for this item (“Elect Director: Michael Hanson”): 3,457,262 for, 49,097 withheld, per its Form 8-K filed September 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The seven nominees of the Board of Directors of the Company were elected at the meeting.”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 33 asset managers below reported 1,037,803 for.

Showing the 25 largest of 33 asset managers. All 33 are in the interactive database (link above).

Description as filed by funds: Election of Directors: M. Reichenthal

Friedman Industries, Incorporated’s own tally for this item (“Elect Director: Max Reichenthal”): 3,381,135 for, 125,224 withheld, per its Form 8-K filed September 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The seven nominees of the Board of Directors of the Company were elected at the meeting.”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 33 asset managers below reported 973,011 for, 679 withheld, 64,113 abstained.

Showing the 25 largest of 33 asset managers. All 33 are in the interactive database (link above).

Description as filed by funds: Election of Directors: S. Scott

Friedman Industries, Incorporated’s own tally for this item (“Elect Director: Sandy Scott”): 2,920,869 for, 585,490 withheld, per its Form 8-K filed September 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The seven nominees of the Board of Directors of the Company were elected at the meeting.”
Support: 83% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 33 asset managers below reported 821,867 for, 171,317 withheld, 44,619 abstained.

Showing the 25 largest of 33 asset managers. All 33 are in the interactive database (link above).

Description as filed by funds: Election of Directors: T. Stevenson

Friedman Industries, Incorporated’s own tally for this item (“Elect Director: Tim Stevenson”): 3,383,604 for, 122,755 withheld, per its Form 8-K filed September 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The seven nominees of the Board of Directors of the Company were elected at the meeting.”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 33 asset managers below reported 973,011 for, 679 withheld, 64,113 abstained.

Showing the 25 largest of 33 asset managers. All 33 are in the interactive database (link above).

The 24 asset managers below reported 778,013 for, 679 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

The 24 asset managers below reported 778,013 for, 679 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: Elect Sharon L. Taylor

Friedman Industries, Incorporated’s own tally for this item (“Elect Director: Sharon Taylor”): 3,407,399 for, 98,960 withheld, per its Form 8-K filed September 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The seven nominees of the Board of Directors of the Company were elected at the meeting.”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 2 asset managers below reported 22,778 for.

Description as filed by funds: To approve an amendment of the Company's Articles of incorporation to allow shareholders to amend the Company's Bylaws.

Friedman Industries, Incorporated’s own tally for this item (“The number of the shares of Common Stock represented at the meeting that were voted for, voted against, or abstained from voting on the amendment to the Company's Articles of Incorporation to allow shareholders the abili”): 3,418,330 for, 81,346 against — failed, per its Form 8-K filed September 23, 2025 (Item 5.07). This item required more than a simple majority of votes cast — see the filing.

Reported outcome: Not approved, in the filing’s own words: “The amendment to the Company's Articles of Incorporation was not approved because the affirmative votes received were less than two-thirds of the Company's outstanding shares entitled to vote at the meeting.”
Not approved: the filing states that this item needed more than a majority of the votes cast.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 34 asset managers below reported 1,039,003 for.

Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).

Description as filed by funds: To approve the Friedman Industries, Incorporated 2025 Long-Term Incentive Plan.

Friedman Industries, Incorporated’s own tally for this item (“The number of the shares of Common Stock represented at the meeting that were voted for, voted against, or abstained from voting on the approval of the Company's 2025 Long-Term Incentive Plan are set forth below:”): 3,347,167 for, 142,507 against — passed, per its Form 8-K filed September 23, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders also voted to approve the Company's 2025 Long-Term Incentive Plan.”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 35 asset managers below reported 1,030,034 for, 22,000 against.

Showing the 25 largest of 35 asset managers. All 35 are in the interactive database (link above).

Description as filed by funds: To approve the following non-binding, advisory resolution: "Resolved, that the shareholders approve the compensation of the Company's Named Executive Officers as disclosed in the Company's Proxy Statement dated July 28, 2025 pursuant to the disclosure rules of the U.S. Securities & Exchange Commission (which disclosure includes the Summary Compensation Table and related discussion)."

Friedman Industries, Incorporated’s own tally for this item (“The shareholders also voted on the following non-binding, advisory resolution regarding the compensation of the Company's executive officers: "Resolved, that the shareholders approve the compensation of the Company's Nam”): 3,363,395 for, 82,140 against, per its Form 8-K filed September 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 34 managers: 996,890 for, 42,113 abstained. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports, all 55 managers: 970,959 for, 6,798 against, 2,284 1 year. Showing the 25 largest; every one is in the interactive database (link above).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports, all 24 managers: 616,668 1 year, 162,024 3 year.

Institutional-manager reports, all 32 managers: 2,284 for, 673,281 1 year, 39,313 3 year. Showing the 25 largest; every one is in the interactive database (link above).

Description as filed by funds: Proposal 3 - Frequency of advisory vote on compensation of Named Executive Officers.

Friedman Industries, Incorporated’s own tally for this item (“The shareholders also voted on the frequency of the advisory vote of the compensation of the Company's executive officers.”): 5,140,194 for, 69,423 against, per its Form 8-K filed September 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 10 managers: 257,805 1 year, 2,506 3 year.

Institutional-manager reports, all 24 managers: 218,255 1 year, 50,051 3 year.

Description as filed by funds: To ratify the selection of Baker Tilly US, LLP as our independent registered public accounting firm for the fiscal year ending March 31, 2026.

The 34 asset managers below reported 996,890 for, 42,113 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 34 asset managers. All 34 are in the interactive database (link above).