Schmitt Industries Announces Annual Meeting Date
August 24 2018 - 3:30PM
Schmitt Industries (Nasdaq: SMIT) announced today that its Annual
Meeting of Shareholders will be held on Friday, October 12, 2018 at
3:00 p.m. local time, at the Company’s headquarters at 2765 NW
Nicolai St., Portland, Oregon.
At the meeting, shareholders will be asked to
(1) elect two director nominees to serve three-year terms expiring
in 2021, (2) approve, on an advisory basis, the compensation of the
Company’s Named Executive Officers, (3) transact such other
business as may properly come before the Annual Meeting.
Shareholders of record as of the close of
business on August 24, 2018 are entitled to receive notice of,
attend and vote at the Annual Meeting of Shareholders.
About Schmitt Industries
Schmitt Industries, Inc. (the Company) designs,
manufactures and sells high precision test and measurement products
for two main business segments: the Balancer Segment and the
Measurement Segment. For the Balancer Segment, the Company designs,
manufactures and sells computer-controlled vibration detection,
balancing and process control systems for the worldwide machine
tool industry, particularly for grinding machines. The Company also
provides sales and service for Europe and Asia through its wholly
owned subsidiary, Schmitt Europe Limited (SEL), located in
Coventry, England and through its sales representative office
located in Shanghai, China. For the Measurement Segment, the
Company has two core product lines: the Acuity® product line, which
consists of sales of laser and white light sensor distance
measurement and dimensional sizing products; and the Xact® product
line, which consists of sales of remote tank monitoring products
that measure the fill levels of tanks holding propane, diesel and
other tank-based liquids and revenues from the related monitoring
services associated with the transmission of data from the tanks to
a secure web site.
CORPORATE OFFICE: 2765 NW NICOLAI ST. ●
PORTLAND, OREGON 97210503/227-7908 ●
FAX 503/223-1258Company Contact: Ann Ferguson, CFO and
Treasurer
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