Schmitt Industries Announces Annual Meeting Date
28 July 2016 - 8:00AM
Schmitt Industries (Nasdaq:SMIT) announced today that its Annual
Meeting of Shareholders will be held on Friday, October 7, 2016 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 directors to serve three year terms expiring in 2019, (2)
approve, on an advisory basis, the compensation of the Company’s
Named Executive Officers, and (3) transact such other business as
may properly come before the Annual Meeting. Shareholders of
record as of the close of business on August 15, 2016 are entitled
to receive notice of, attend and vote at the Annual Meeting of
Shareholders.
About Schmitt Industries
Schmitt Industries, Inc. 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. For the
Measurement segment, the Company designs, manufactures and sells
laser and white light sensors for distance, dimensional and area
measurement for a wide variety of commercial applications,
laser-based microroughness measurement products for the
semiconductor wafer and hard disk drive industries and for other
industrial applications, laser-based surface analysis and
measurement products for a variety of scientific applications, and
ultrasonic measurement products that measure the fill levels of
tanks holding propane, diesel and other tank-based liquids and
transmit that data via satellite to a secure web site for display.
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.
CORPORATE OFFICE: 2765 NW NICOLAI ST.● PORTLAND, OREGON 97210
503/227-7908 ● FAX 503/223-1258
Company Contact: Ann Ferguson, CFO and Treasurer
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