SCI Engineered Materials, Inc. 8-K/A

What Happened

• On February 10, 2026, SCI Engineered Materials, Inc. announced it was the victim of an imposter scam executed in conjunction with bank fraud that resulted in a loss of $898,325.
• Management immediately contacted the company’s financial institution, filed an IC3 report with the FBI, and is working with its insurance carrier. The company is actively pursuing recovery of the funds.
• To date, SCI reports no evidence of additional fraudulent activity and does not believe any unauthorized access to its data or systems occurred. The investigation into the incident and its effects on internal controls is ongoing. Business operations were not affected.

Key Details

• Dollar impact: $898,325 lost in the scam.
• Date disclosed/filed: February 10, 2026 (8-K filing).
• Actions taken: notified bank, filed IC3 report with the U.S. FBI, coordinating with insurer, active recovery efforts.
• Current status: no evidence of broader fraud or unauthorized data/system access; investigation continues.

Why It Matters

• This is a material cash loss that could affect reported results or liquidity if funds are not recovered or covered by insurance.
• The company has taken standard remediation steps (bank notification, FBI report, insurance coordination) and says operations were not disrupted, but investors should watch for future updates on recovery, insurance coverage, and any related changes to internal controls or financial statements.