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  <TITLE> SM&A (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	May 15, 2006
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  	SM&A
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	&nbsp;
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  	California
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  	0-23585
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  	33-0080929
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  	4695 MacArthur Court, 8th Floor, Newport Beach, California
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  	&nbsp;
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  	92660
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	(949) 975-1550
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <FONT SIZE="2">Top of the Form</FONT>
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  <B>
  	Item 2.02 Results of Operations and Financial Condition.
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  On May 15, 2006, SM&A, a California corporation, issued a press release announcing its previously issued financial statements as of and for the fiscal years ended December 31, 2005 and 2004, as filed in the Company&#x2019;s Form 10-K dated February 24, 2006, will  be restated.  The Company will restate its financial results, as a result of non-cash charges, for the fourth quarter of 2004, the first quarter of 2005, the second quarter of 2005, and the fiscal years ended December 31, 2004 and 2005 from those results previously reported.  There will be no changes to the Company&#x2019;s cash balance, cash flows, total assets, total liabilities, and total shareholders&#x2019; equity as of the applicable dates.<br><br>A copy of the press release is furnished as Exhibit 99.1 to this Report.
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  	Item 9.01 Financial Statements and Exhibits.
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  Press Release dated May 15, 2006, issued by SM&A.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	SM&A
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  	&nbsp;&nbsp;
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  <I>
  	May 15, 2006
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  	&nbsp;
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  <I>
  	By:
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  	&nbsp;
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  <I>
  	/s/ Steve D. Handy
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  	&nbsp;
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  <I>
  	Name: Steve D. Handy
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  	&nbsp;
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  <I>
  	Title: Senior Vice President, CFO & Secretary
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  	Exhibit&nbsp;Index
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  <B>
  	Exhibit No.
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  	&nbsp;
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  	Description
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  	99.1
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  	&nbsp;
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  Press Release dated May 15, 2006, issued by SM&A.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_12468.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10462}]
metadata_filer: {"company-data": {"conformed-name": "SM&A", "cik": "0001050031", "assigned-sic": "8742", "irs-number": "330080929", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23585", "film-number": "06842171"}, "business-address": {"street1": "4695 MACARTHUR COURT", "street2": "8TH FLOOR", "city": "NEWPORT BEACH", "state": "CA", "zip": "92660", "phone": "9499751550"}, "mail-address": {"street1": "4695 MACARTHUR COURT", "street2": "8TH FLOOR", "city": "NEWPORT BEACH", "state": "CA", "zip": "92660"}, "former-company": [{"former-conformed-name": "EMERGENT INFORMATION TECHNOLOGIES INC", "date-changed": "20000426"}, {"former-conformed-name": "SM&A CORP", "date-changed": "19980818"}, {"former-conformed-name": "STEVEN MYERS & ASSOCIATES INC", "date-changed": "19980123"}]}
text: SM&A (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  May 15, 2006
  SM&A
  __________________________________________
  (Exact name of registrant as specified in its charter)
  California
  0-23585
  33-0080929
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  4695 MacArthur Court, 8th Floor, Newport Beach, California
  92660
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (949) 975-1550
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 2.02 Results of Operations and Financial Condition.
  On May 15, 2006, SM&A, a California corporation, issued a press release announcing its previously issued financial statements as of and for the fiscal years ended December 31, 2005 and 2004, as filed in the Company's Form 10-K dated February 24, 2006, will  be restated.  The Company will restate its financial results, as a result of non-cash charges, for the fourth quarter of 2004, the first quarter of 2005, the second quarter of 2005, and the fiscal years ended December 31, 2004 and 2005 from those results previously reported.  There will be no changes to the Company's cash balance, cash flows, total assets, total liabilities, and total shareholders' equity as of the applicable dates.
  A copy of the press release is furnished as Exhibit 99.1 to this Report.
  Item 9.01 Financial Statements and Exhibits.
  Press Release dated May 15, 2006, issued by SM&A.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  SM&A
  May 15, 2006
  By:
  /s/ Steve D. Handy
  Name: Steve D. Handy
  Title: Senior Vice President, CFO & Secretary
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Press Release dated May 15, 2006, issued by SM&A.