Schmitt Industries Announces Annual Meeting Date
18 August 2017 - 6:05AM
Schmitt Industries (Nasdaq:SMIT) announced today that its Annual
Meeting of Shareholders will be held on Friday, October 6, 2017 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 the director nominee to serve a three year term expiring in
2020, (2) approve, on an advisory basis, the compensation of the
Company’s Named Executive Officers, (3) approve an increase in the
number of shares of common stock issuable under the 2014 Equity
Incentive Plan by 200,000, and (4) transact such other business as
may properly come before the Annual Meeting. Shareholders of
record as of the close of business on August 14, 2017 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 and
ultrasonic measurement products that accurately 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 and data management. In addition, the Measurement
segment includes the Company’s laser-based microroughness
measurement products for the semiconductor wafer and hard disk
drive industries and for other industrial applications and the
Company’s laser-based surface analysis and measurement products for
a variety of scientific applications. 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 97210503/227-7908 ●
FAX 503/223-1258Company Contact: Ann Ferguson, CFO and
Treasurer
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