reports
Schmitt Industries Receives Compliance Notice From Nasdaq
Schmitt Industries Receives Compliance Notice From Nasdaq PORTLAND, Ore., Nov. 02, 2020 (GLOBE NEWSWIRE) -- On November 2, 2020, Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, based on the October 30, 2020 filing of the Company’s Form 10-Q for the period ended August 31, 2020, the Company is now in compliance with NASDAQ’s listing requirements. About Schmitt Industries Schmitt Industries, Inc., founded in 1987, designs, manufactur...
Schmitt Announces Fiscal 2020 Operating Results
Schmitt Announces Fiscal 2020 Operating Results PORTLAND, Ore., Aug. 31, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced its operating results for the fiscal year ended May 31, 2020. For the year ended May 31, 2020 (“Fiscal 2020”), the Company reported revenue from continuing operations of $4,189,924, a decline of 11.4% from $4,729,442 in Fiscal 2019. The decrease in revenue was caused by a decline in product sales at Acuity and XACT of 21.4% and 31.5%, respectively. The decline was partially offset by an increase in Xact moni...
Schmitt Announces New Website Launch for Acuity Laser
Schmitt Announces New Website Launch for Acuity Laser PORTLAND, Ore., July 30, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) announced the launch of a new website for its Acuity Laser product line. The newly redesigned website offers quick and easy access to essential information and features for Acuity’s non-contact laser measurement products. Acuity’s mission is to help customers provide solutions to improve business practices, efficiency, and quality control through the use of short-range sensors, long-distance and confocal sensors, and ...
Schmitt Provides Shareholder Value Opportunity Update, Announces Dutch...
Schmitt Provides Shareholder Value Opportunity Update, Announces Dutch Tender Offer PORTLAND, Ore., June 03, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced the completion of the evaluation of the previously announced strategic opportunity. Following months of discussion and analysis, the Company has decided that the opportunity would not be in the best interest of its shareholders and has ceased discussions. The Company’s Board of Directors (the “Board”) has decided to continue with its previously announced delisting from the...
Schmitt Announces Third Quarter 2020 Operating Results
Schmitt Announces Third Quarter 2020 Operating Results PORTLAND, Ore., April 14, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced its operating results for the third quarter of Fiscal 2020. Highlights of the three and nine months ended February 29, 2020: Company revenue decreased 2.3% and 8.6% for the three and nine months ended February 29, 2020, respectively, as compared to the three and nine months ended February 28, 2019. The decrease is primarily due to a 14.4% decrease in Acuity produ...
SCHMITT PROVIDES COVID-19 UPDATE AND SUPPORT PLANS
SCHMITT PROVIDES COVID-19 UPDATE AND SUPPORT PLANS PORTLAND, Ore., March 26, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”), in response to the current economic and market conditions due to the COVID-19 pandemic, made the following announcements. First, Schmitt has implemented COVID-19 response and business continuity plans to protect its employees and their families, to safeguard continuity of Schmitt operations, and to ensure full support to its customers and partners. For the time being, we have implemented new safety guidelines that maxi...
Schmitt Industries Announces Delay of Delisting and Deregistration of ...
Schmitt Industries Announces Delay of Delisting and Deregistration of its Common Stock PORTLAND, Ore., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced it will delay the delisting and deregistration of its common stock (the “Common Stock”) from the NASDAQ Stock Market (“NASDAQ”). Accordingly, the Company has not filed a Form 25 with the Securities Exchange Commission and for the time being the Company’s Common Stock will continue to trade on NASDAQ. The temporary delay will allow the Company and Board of Directors to ...
Schmitt Industries Announces Intention to Delist and Deregister Its Co...
Schmitt Industries Announces Intention to Delist and Deregister Its Common Stock PORTLAND, Ore., Feb. 04, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced its intention to delist its common stock from the NASDAQ Stock Market (“NASDAQ”) and list on the OTC Pink Market. Shifting the listing allows Schmitt to save costs and focus resources on expanding its business units. Management and the board of directors are committed to maintaining transparency and accountability and, following the delisting, the Company will continue to file...
Schmitt Announces Second Quarter 2020 Operating Results and CFO Appoin...
Schmitt Announces Second Quarter 2020 Operating Results and CFO Appointment PORTLAND, Ore., Jan. 15, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced its operating results for the second quarter of Fiscal 2020. Highlights of the three and six months ended November 30, 2019: Schmitt completed the announced sale of the Schmitt Dynamic Balance Systems (“SBS”) business line to Tosei Engineering Corp. and Tosei America, Inc. (collectively “Tosei”) for gross proceeds of $10.5 million on November 22, 2019. This sale allows Schmitt to...
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Schmitt Industries Inc: 2 directors bought/sold
Two Directors at Schmitt Industries Inc bought/sold 632,787 shares at 3.250USD. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...
- Jonathan Moreland
MCHX MARCHEX INC. CL B
LEE LEE ENTERPRISES INCORPORATED
JCAP JERNIGAN CAPITAL INC.
GSAT GLOBALSTAR INC.
ADC AGREE REALTY CORPORATION
EPD ENTERPRISE PRODUCTS PARTNERS L.P.
IMH IMPAC MORTGAGE HOLDINGS INC.
PHD PIONEER FLOATING RATE
FEIM FREQUENCY ELECTRONICS INC.
ATNX ATHENEX
ALTR ALTAIR ENGINEERING
SMIT SCHMITT INDUSTRIES INC.
TORC RESTORBIO INC
MNE BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND
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Schmitt Industries Announces CFO Resignation
Schmitt Industries Announces CFO Resignation PORTLAND, Ore., Dec. 18, 2019 (GLOBE NEWSWIRE) -- 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 ...
Schmitt Industries and Directors Acquire 509,331 Shares of SMIT
Schmitt Industries and Directors Acquire 509,331 Shares of SMIT PORTLAND, Ore., Dec. 18, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced that the Company, together with three directors (“Directors”) of the Schmitt Board of Directors (the “Board’), acquired 509,331 shares of common stock of Schmitt (the “Shares”) from Walter Brown Pistor. Prior to the acquisition of the Shares (the “Acquisition”), Mr. Pistor was the Company’s second largest shareholder. Following the Acquisition, Mr. Pistor no longer holds any shares in Schmitt....
Schmitt Industries Announces $2M Stock Repurchase Plan
Schmitt Industries Announces $2M Stock Repurchase Plan PORTLAND, Ore., Dec. 03, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced that its Board of Directors authorized a share repurchase plan (the “Plan”) to buy up to $2 million of its common stock. Schmitt intends to purchase shares from time to time through open market and private transactions in accordance with Securities and Exchange Commission rules. The Plan is authorized through December 16, 2020. There is no guarantee as to the exact number of, or value of, shares that ...
Schmitt Industries Completes Sale of SBS Business Line for $10.5 Milli...
Schmitt Industries Completes Sale of SBS Business Line for $10.5 Million PORTLAND, Ore., Nov. 27, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (“Schmitt” or the “Company”) (NASDAQ: SMIT) today announced that it has closed on the sale of its Schmitt Dynamic Balance Systems (“SBS”) business line to Tosei Engineering Corp. and Tosei America, Inc. (collectively “Tosei”), for a purchase price of $10.5 million in cash, subject to customary post-closing adjustments. In conjunction with the sale, Tosei has entered into a 10-year triple net lease of Schmitt’s 28th Avenue manufacturing faci...
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