Schmitt Industries Announces CFO Resignation
August 26 2019 - 4:23PM
Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or
“Schmitt”) announced today that Ann M. Ferguson submitted her
letter of resignation as Chief Financial Officer of the Company,
effective November 30, 2019. Ms. Ferguson’s resignation was not the
result of any disagreements with the Company on any matters
relating to its operations, policies or practices.
“On behalf of the Board, I’d like to thank Ann for her
commitment to Schmitt these past six years and wish her the best in
her future endeavors,” commented Michael R. Zapata, Chief Executive
Officer and President of Schmitt. “We look forward to a smooth
transition over the coming months and will announce a replacement
as soon as one has been hired.”
About Schmitt Industries
Schmitt Industries, Inc. (“Schmitt” or the “Company”) designs,
manufactures and sells high precision test and measurement
products, solutions and services through our SBS®, Acuity® and
Xact® product lines, which are reported in two business segments.
In the Balancer segment, our SBS product line provides
computer-controlled vibration detection, balancing and process
control systems for the worldwide machine tool industry. In the
Measurement segment, our Acuity line provides laser and white light
sensor distance measurement and dimensional sizing products, and
our Xact line provides ultrasonic-based remote tank monitoring
products and related monitoring revenues for markets in the
Internet of Things environment.
For more information contact: Michael R. Zapata, Chairman,
President and Chief Executive Officer(503) 227-7908 or visit our
web site at www.schmitt-ind.com
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