Dominic L. Hunter
About Dominic L. Hunter
Dominic L. Hunter, age 62, has served as Chief Financial Officer, Secretary, and Treasurer of Smith‑Midland since April 17, 2025. He holds a B.S. in Accounting from the University of Virginia McIntire School of Commerce and is an active Certified Public Accountant; prior roles include CFO positions across government contracting, cybersecurity, and manufacturing, plus finance leadership at SRA International . Complementing his corporate experience, Hunter served as an intelligence analyst in the U.S. Army and with the National Guard’s 29th Infantry Division . Company performance context for compensation alignment: FY2024 net income improved to $7.675M from $0.795M in FY2023, while the cumulative TSR measurement shows a $100 initial investment valued at $95 in FY2024 .
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenue ($USD) | $50,131,000 | $59,580,000 | $78,508,000 |
| EBITDA ($USD) | $3,735,000* | $3,517,000* | $12,563,000* |
Values retrieved from S&P Global.*
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Net Income ($USD) | $800,000 | $795,000 | $7,675,000 |
| TSR – Value of $100 Investment | $44 | $84 | $95 |
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| iVenture Accounting Group | Chief Financial Officer | Jun 2024–Mar 2025 | Led finance at public accounting firm prior to joining SMID |
| VersaTech, Inc. | Chief Financial Officer | Sep 2020–Mar 2024 | CFO for IT services gov’t contractor; operational/financial oversight |
| The O’Gara Group | Chief Financial Officer & Chief Operating Officer | 2016–2020 | Operational and financial leadership for armoring manufacturer supplying DoD/State |
| Cyberpoint International | Chief Financial Officer | 2013–2016 | CFO for cybersecurity solutions provider to U.S./international intelligence community |
| SRA International, Inc. | Vice President & Assistant Corporate Controller (multiple roles) | 2007–2013 | Finance leadership at $1.7B public government contractor |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| U.S. Army | Intelligence Analyst | Not disclosed | Defense/analysis experience reinforcing risk discipline |
| National Guard – 29th Infantry Division | Member | Not disclosed | Leadership and mission-focused execution |
Fixed Compensation
- CFO employment and cash compensation terms (base salary, target bonus %) were not disclosed in the April 23, 2025 8‑K or the 2025 DEF 14A reviewed; Item 5.02 provided biography and appointment details without compensation specifics .
Performance Compensation
- Specific CFO incentive metrics, weightings, targets, and payout formulas are not disclosed for Hunter in the filings reviewed .
- Company policy context: the CEO’s agreement references an annual incentive bonus at Compensation Committee discretion subject to performance goals; no corresponding CFO contract terms were provided in the proxy .
Equity Ownership & Alignment
| Holder | Shares Beneficially Owned | % of Class |
|---|---|---|
| Dominic L. Hunter | 0 | 0% |
- Insider Trading Policy: prohibits short sales, certain hedging/monetization transactions, holding in margin accounts, or pledging company stock without prior CEO approval; no such approvals were granted to directors or named executive officers in 2024 .
- Equity plan capacity: 89,303 shares remained available for award under the 2016 Equity Plan as of December 31, 2024 (supports potential future alignment via equity grants) .
- Stock ownership guidelines: no executive ownership guideline disclosures found in the 2025 DEF 14A .
- Pledging: prohibited absent CEO pre‑approval; no approvals in 2024 .
Employment Terms
| Item | Detail | Source |
|---|---|---|
| Employment start date | April 17, 2025 | |
| Current role | Chief Financial Officer, Secretary, and Treasurer | |
| Employment agreement | Not disclosed for CFO in the 2025 DEF 14A/8‑K | |
| Severance | Not disclosed for CFO | |
| Change‑of‑control | Not disclosed for CFO | |
| Non‑compete / non‑solicit | Not disclosed for CFO | |
| Related party transactions | None requiring disclosure per Item 404(a) |
Investment Implications
- Alignment today appears limited: Hunter held no SMID shares as of the June 2, 2025 record date, and no CFO equity grant terms are disclosed—reducing immediate insider selling pressure but offering little current ownership-based alignment; monitor subsequent Form 4s and the next proxy for grant details .
- Governance and risk: the insider trading policy restricts hedging/pledging and saw no exceptions in 2024, which supports alignment; however, the company disclosed delayed 10‑K filing tied to internal control weaknesses, elevating execution risk during Hunter’s onboarding .
- Performance backdrop: sharp improvement in FY2024 profitability and EBITDA (company level) provides a favorable base for performance‑linked pay design; track whether future CFO incentives tie to revenue growth, EBITDA, cash conversion, and TSR to strengthen pay‑for‑performance (EBITDA values retrieved from S&P Global*).
- Action items:
- Watch 2026 proxy for CFO compensation structure, ownership guidelines, and any severance/CIC terms .
- Monitor insider transactions for initial equity awards/vesting triggers and potential selling pressure.
- Assess remediation of internal control weaknesses noted in April 2025 8‑K and its impact on finance execution quality .
Values retrieved from S&P Global.*