NEW YORK, Oct. 19, 2018 /PRNewswire/ -- Sententia
Capital Management, LLC and its affiliates (collectively,
"SENTENTIA" or "we"), the beneficial owners of approximately 8.8%
of the outstanding shares of common stock of Schmitt Industries,
Inc. (NASDAQ: SMIT) ("Schmitt" or the "Company"), announced today
that both of Sententia's nominees, Andrew
P. Hines and Michael R.
Zapata, were elected to the Schmitt Board of Directors
according to the certified proxy voting results from Schmitt's 2018
Annual Meeting of Shareholders.
Michael R. Zapata, founding
manager of Sententia, commented, "We are grateful to our fellow
Schmitt shareholders for their consideration of the issues and
pleased that they have voiced support to bring independence to the
boardroom and a focus on unlocking shareholder value. Andy and
I look forward to working constructively and
collaboratively with our fellow Schmitt directors and the executive
team as we work to maximize shareholder value."
ABOUT SENTENTIA CAPITAL: Sententia is a value investing
based capital management firm that runs a concentrated, deep value
portfolio. www.sententiacapital.com
Investor Contact
Investor Relations
212.851.3488
investorrelations@sententiacapital.com
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SOURCE Sententia Capital Management, LLC