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News Releases

All Releases
  • Aug 31, 2020
    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
  • Jul 30, 2020
    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
  • Jul 21, 2020
    PORTLAND, Ore. , July 21, 2020 /PRNewswire/ --  Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced the final results of its previously announced cash tender offer to purchase up to $2.5 million of Schmitt's common stock at a price per share not less than $3.00 and
  • Jul 13, 2020
    PORTLAND, Ore. , July 13, 2020 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announced today that Schmitt's Board of Directors (the "Board") has unanimously passed a resolution for Schmitt to remain listed on the NASDAQ market.
  • Jul 13, 2020
    PORTLAND, Ore. , July 13, 2020 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced that it has extended the offering period of its previously announced cash tender offer to purchase up to $2.5 million of Schmitt's common stock at a price per share
  • Jul 10, 2020
    PORTLAND, Ore. , July 10, 2020 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announced today that it has closed the acquisition of the assets of Ample Hills Creamery, Inc. and its subsidiaries (collectively, "Ample Hills").
  • Jun 3, 2020
    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
  • Apr 14, 2020
    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 :
  • Mar 26, 2020
    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
  • Feb 19, 2020
    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
  • Feb 4, 2020
    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
  • Jan 15, 2020
    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
  • Dec 18, 2019
    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.
  • Dec 18, 2019
    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
  • Dec 3, 2019
    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.
  • Nov 27, 2019
    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.
  • Oct 23, 2019
    PORTLAND, Ore. , Oct. 23, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT ) (the “Company” or “Schmitt”) is pleased to announce the appointment of Regina (“Gina”) Walker, CPA ("Ms. Walker"), as Chief Financial Officer (“CFO”) of the Company, effective immediately.
  • Oct 10, 2019
      STRATEGIC SALE TO TOSEI ENGINEERING CORP   PURCHASE PRICE OF $10.5 MILLION IN CASH   TOSEI LEASES SCHMITT’S 28TH STREET PROPERTY FOR 10-YEARS   30-DAY GO SHOP PERIOD     PORTLAND, Ore. , Oct. 10, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (“Schmitt”) (NASDAQ: SMIT ) today announced that it
  • Oct 8, 2019
    PORTLAND, Ore. , Oct. 08, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT ) (the “Company” or “Schmitt”) today announced its operating results for the first quarter of Fiscal 2020. Highlights of the quarter ended August 31, 2019 :     Consolidated revenue decreased $98,568 , or
  • Aug 26, 2019
    PORTLAND, Ore. , Aug. 26, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT ) (the “Company” or “Schmitt”) announced today that Ann M. Ferguson submitted her letter of resignation as Chief Financial Officer of the Company, effective November 30, 2019 . Ms.