UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) Effective October 22, 2021, Steven Strom tendered his resignation from the Board of Directors (the “Board”) of Schmitt Industries, Inc. (the “Registrant”). Mr. Strom’s resignation was not the result of any disagreements with the Company on any matters relating to its operations, policies or practices.
(d) Effective October 22, 2021, the Board of Schmitt Industries, Inc. appointed Alex Zyngier to the Board. Mr. Zyngier’s initial term as director will expire at the Registrant’s 2021 Annual Meeting of Shareholders at which time it is expected that he will be a director nominee. Mr. Zyngier has been appointed to serve on the Board’s Audit, Compensation, and Nominating Committees.
There are no transactions in which Mr. Zyngier has an interest requiring disclosure under Item 404(a) of Regulation S-K. Mr. Zyngier will be entitled to receive the regular compensation paid to the Registrant’s non-employee directors as fixed by the Board from time-to-time.
A copy of the press release announcing the appointment of Mr. Zyngier to the Board is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description |
| 99.1 | Press release entitled “Schmitt Industries Appoints Alex Zyngier to its Board” |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SCHMITT INDUSTRIES, INC. | ||||
| October 22, 2021 | By: |
/s/ Michael R. Zapata | ||
| Name: Michael R. Zapata | ||||
| Title: Chief Executive Officer and President | ||||