On April 1, 2026, SCI Engineered Materials, Inc. announced the retirement of Gerald S. Blaskie, the Chief Financial Officer, Treasurer, and Assistant Secretary, effective immediately. Blaskie, who has been with the company since April 2001, played a significant role in the company's financial operations and strategic direction. His retirement was previously announced on September 29, 2025, allowing for a smooth transition to his successor. Under Blaskie's leadership, SCI has seen substantial revenue growth and has maintained profitability for the past eight years. The company has also strengthened its balance sheet, with $7.9 million in cash and cash equivalents and $3.4 million in marketable securities as of December 31, 2025. All outstanding debt was repaid in 2024, positioning SCI for continued growth. Blaskie's extensive experience includes previous roles as Controller at Cable Link, Inc. and Plant Manager at Central Ohio Plastics Corporation. His departure marks a significant change in leadership for SCI, which may impact investor confidence and stock performance in the short term.
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