Smith Micro Software, Inc. announced on September 18, 2026, that William W. Smith, Jr. has been appointed as the company’s President and Chief Executive Officer. Mr. Smith succeeds Timothy C. Huffmyer, who submitted his resignation as President and CEO on September 17, 2026, effective immediately. Mr. Huffmyer will continue to serve on the Company’s Board of Directors.
Mr. Smith, age 78, has served as the Company’s Executive Chairman of the Board of Directors since March 2026. Prior to that, he served as the Company’s President and CEO and Chairman of the Board of Directors from the Company’s formation in 1982 through March 2026. Mr. Smith has an uninterrupted 44 years of service with the Company and holds a Bachelor of Arts degree in Business Administration from Grove City College.
In connection with this appointment, no changes have been made to Mr. Smith’s compensation. The filing also details several recent financial transactions involving a trust for which Mr. Smith serves as co-trustee, referred to as “Smith.” In September 2025, the trust entered into a loan transaction with the Company resulting in aggregate proceeds of $833,000. In November 2025, the Company entered into a private placement transaction with Smith resulting in gross proceeds of approximately $1.5 million. In February 2026, Smith loaned funds to the Company with gross proceeds totaling approximately $1,000,000. In March 2026, Smith and other accredited investors loaned funds to the Company with gross proceeds totaling approximately $4.6 million. The filing notes that the notes issued in these transactions were subsequently repaid from the proceeds of the March 2026 transaction.
