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The SEG awarded Tom the SEG Enterprise Award in 2000, and in 2010, GSH awarded him the Honorary Membership Award. Iowa State University awarded him Distinguished Alumnus Lecturer Award in 1996 and Citation of Merit for National and International Recognition in 2002. Seismic Micro Technology received a GSH Corporate Star Award in 2005 and Dr. Smith assisted in several SEG convention committees. In 2007, he sold the majority position of the company to a group of investors, but retained a position on the company’s Board of Directors. In 2008, he founded Geophysical Insights, where he and several other geophysicists are developing advanced technologies for fundamental geophysical problems. Dr. Smith has been a member of the SEG since 1967 and is also a member of the HGS, EAGE, SIPES, AAPG, GSH, Sigma XI, SSA and AGU.