Schmitt Industries Announces CFO Resignation
December 18 2019 - 4:30PM
Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or
“Schmitt”) announced today that Regina Walker has tendered her
resignation as Chief Financial Officer of the Company, effective
January 15, 2020. Ms. Walker is leaving Schmitt to pursue an
executive position at a private, Washington based company.
Michael Zapata, Schmitt’s CEO and Chairman,
commented, “We wish Gina all the best for her family and this new
career opportunity. During her short tenure she has played a vital
role in the SBS transition and in her contributions on
strengthening Schmitt’s finance department. We are grateful for
Gina’s commitment to enable a smooth transition and closing out
this quarter’s financials.”
Ms. Walker commented, “I’d like to thank the
Board for their support as Schmitt’s CFO. I’m proud of the work we
have done in this short time and am confident Mike and his team
will continue to realize the value and potential for Schmitt’s
customers, employees and shareholders. I have accepted another
position that is best for my family and wish the Schmitt team the
best.”
The Company has begun a search for a new Chief
Financial Officer and will announce Ms. Walker’s replacement as
soon as one has been hired.
About Schmitt Industries
Schmitt Industries, Inc., founded in 1987,
designs, manufactures and sells high precision test and measurement
products, solutions and services through its Acuity® and Xact®
product lines. Acuity 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.
Contact:Schmitt Industries, Inc.Michael R.
ZapataChief Executive Officer(503) 227-7908
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