SCI Engineered Materials, Inc. 8-K

What Happened

• On February 10, 2026, SCI Engineered Materials, Inc. (SCIA) reported it was the victim of an imposter scam executed with bank fraud that resulted in the loss of $898,325. Management immediately contacted the Company’s financial institution, filed an IC3 report with the U.S. Federal Bureau of Investigation, and is working with its insurance carrier. The company said it is actively pursuing recovery of the funds and has found no evidence so far of additional fraudulent activity or unauthorized access to its systems. The business and operations were not affected; the investigation into impacts and internal controls is ongoing.

Key Details

• Amount involved: $898,325 reported lost to an imposter scam/bank fraud.
• Date disclosed: 8-K filed and press release issued on February 10, 2026.
• Actions taken: Contacted bank, filed FBI IC3 report, coordinating with insurer, active recovery efforts.
• Current status: No evidence of further fraudulent activity or data/system access; operations unaffected; internal-controls review ongoing.

Why It Matters

• For investors, the concrete near-term impact is the reported $898,325 loss and the company’s ongoing recovery and insurance efforts. SCI’s statement that operations were not affected and no unauthorized data access was found is reassuring, but the investigation and review of internal controls remain open. Shareholders should watch for updates on recovery outcomes, insurance coverage, and any follow-up disclosures about internal-control changes or financial impact.