0001193805-22-001556.txt : 20221116 0001193805-22-001556.hdr.sgml : 20221116 20221116083646 ACCESSION NUMBER: 0001193805-22-001556 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20221114 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20221116 DATE AS OF CHANGE: 20221116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHMITT INDUSTRIES INC CENTRAL INDEX KEY: 0000922612 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 931151989 STATE OF INCORPORATION: OR FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38964 FILM NUMBER: 221393062 BUSINESS ADDRESS: STREET 1: 2765 NW NICOLAI ST CITY: PORTLAND STATE: OR ZIP: 97210 BUSINESS PHONE: 5032277908 MAIL ADDRESS: STREET 1: 2765 NW NICOLAI ST CITY: PORTLAND STATE: OR ZIP: 97210 8-K 1 e618029_8k-schmitt.htm
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION  

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of  

the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): November 14, 2022

 

 

 

SCHMITT INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

 

 
         
Oregon   001-38964   93-1151989

(State or other jurisdiction

of incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

   

2765 N.W. Nicolai Street

Portland, Oregon

  97210-1818
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (503) 227-7908

 

Not Applicable  

Former name or former address, if changed since last report

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock – no par value SMIT NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Effective November 14, 2022, the Board of Directors (the “Board”) of Schmitt Industries, Inc. (the “Registrant”) appointed Kristi Frank to the Board. Ms. Frank’s initial term as director will expire at the Registrant’s 2022 Annual Meeting of Shareholders at which time it is expected that she will be a director nominee. Ms. Frank has been appointed to serve on the Board’s Audit, Compensation, and Nominating Committees.

 

There are no transactions in which Ms. Frank has an interest requiring disclosure under Item 404(a) of Regulation S-K. Ms. Frank 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 Ms. Frank 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 Kristi Frank 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.
     
November 16, 2022   By:  

/s/ Philip Bosco

        Name: Philip Bosco
        Title: Chief Financial Officer and Treasurer

 

 

 

EX-99.1 2 e618029_ex99-1.htm

 

Exhibit 99.1

 

Logo

Description automatically generated

 

IMMEDIATE NEWS RELEASE

 

SCHMITT INDUSTRIES APPOINTS KRISTI FRANK TO ITS BOARD

 

PORTLAND, OR, November 16, 2022 – Schmitt Industries, Inc. (NASDAQ: SMIT) today announced the appointment of Kristi Frank as the fourth member of the Company’s Board of Directors (the “Board”) effective November 14, 2022. Ms. Frank is an “independent director” according to the rules of the Securities and Exchange Commission and The Nasdaq Stock Market and her appointment creates a majority of independent directors on the Board in compliance with Nasdaq requirements.

 

Kristi Frank is an entrepreneur and marketing expert. She is the co-founder of YogaSix Utah and the Host and co-creator of the renowned docuseries, ‘The Millionaire Within Her’. Kristi is well known for mentoring entrepreneurs and helping them develop and grow their businesses. Kristi first gained national attention as one of the breakout stars from the first season of the hit TV show, The Apprentice. She was selected out of 250,000 applicants partly because of her entrepreneurial success creating Juliano’s Raw, the first organic Raw Foods restaurant in Santa Monica which attracted major media attention from Time Magazine, E! News and had a celebrity client base of stars like Cher and Jim Carey. Kristi has appeared on Oprah, MSNBC, The View, The Today Show, Entertainment Tonight, The Howard Stern Show and numerous magazine covers.

 

Kristi has a degree in Industrial Engineering from The University of Southern California. Currently she lives in Park City, Utah with her son and two dogs.

 

“We are thrilled to welcome Kristi to our Board of Directors,” said Michael R. Zapata, Schmitt’s Chairman and CEO. “Kristi’s entrepreneurial and marketing expertise will serve our shareholders well as we continue to build out and expand Ample Hills. Her insight and experiences will further round out our Board of Directors as we continue to strategically move forward”

 

About Schmitt Industries

 

Schmitt is a holding company owning subsidiaries engaged in diverse business activities. The Company was originally incorporated under the laws of British Columbia, Canada, in 1984 and was reincorporated under the laws of the State of Oregon in 1995. Schmitt’s operating businesses include propane tank monitoring solutions, precision measurement solutions and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment (“SMS”) and the Ice Cream Segment, which is comprised of Ample Hills Creamery, a beloved ice cream manufacturer and retailer based in Brooklyn, NY.

 

For more information contact: Michael Zapata, Chairman and CEO (503) 227-7908 or visit www.schmittindustries.com

 

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Cover
Nov. 14, 2022
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 14, 2022
Entity File Number 001-38964
Entity Registrant Name SCHMITT INDUSTRIES, INC.
Entity Central Index Key 0000922612
Entity Tax Identification Number 93-1151989
Entity Incorporation, State or Country Code OR
Entity Address, Address Line One 2765 N.W. Nicolai Street
Entity Address, City or Town Portland
Entity Address, State or Province OR
Entity Address, Postal Zip Code 97210-1818
City Area Code (503)
Local Phone Number 227-7908
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock – no par value
Trading Symbol SMIT
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