SEC Form SEC STAFF ACTION filed by Schmitt Industries Inc.
$SMIT
Industrial Machinery/Components
Industrials
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PORTLAND, Ore., Dec. 19, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ:SMIT) today announced that Ample Hills Creamery will be shutting down operations for at least a week, effective immediately. This action is required while the company seeks the additional investment capital required for it to continue operations. There is no assurance that additional capital will be obtained and if the company cannot raise sufficient capital, it will be required to shut down operations indefinitely. "We have an incredibly talented and hardworking team, which makes this furlough extremely difficult. We have explored many options and paths to rase the needed capital without having to take this step
PORTLAND, Ore., Nov. 16, 2022 /PRNewswire/ -- 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 ent
PORTLAND, Ore., Oct. 20, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ:SMIT) (the "Company" or "Schmitt") provides updates following its recent 10-K filing, and discusses its proposed rights offering and receipt of Nasdaq deficiency notices. Fiscal 2022 Earnings HighlightsSchmitt announced its operating results for the fiscal year ended May 31, 2022. Highlights and year-over-year changes include: Consolidated revenues increased $4,292,751, or 76.6%, to $9,893,210.Ice Cream Segment revenue increased $4,272,050, or 105.7%, to $8,315,486.Gross margin increased to 51.2% for the fiscal year ended May 31, 2022, as compared to 36.9%.Operating expenses increased $3,188,154, or 25.5%, to $15
4 - SCHMITT INDUSTRIES INC (0000922612) (Issuer)
4 - SCHMITT INDUSTRIES INC (0000922612) (Issuer)
3 - SCHMITT INDUSTRIES INC (0000922612) (Issuer)
SEC STAFF ACTION - SCHMITT INDUSTRIES INC (0000922612) (Filer)
8-K - SCHMITT INDUSTRIES INC (0000922612) (Filer)
8-K - SCHMITT INDUSTRIES INC (0000922612) (Filer)
SC 13D/A - SCHMITT INDUSTRIES INC (0000922612) (Subject)
SC 13D/A - SCHMITT INDUSTRIES INC (0000922612) (Subject)
SC 13D - SCHMITT INDUSTRIES INC (0000922612) (Subject)
PORTLAND, Ore., Nov. 16, 2022 /PRNewswire/ -- 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 ent
PORTLAND, Ore., Oct. 22, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ:SMIT) today announced the appointment of Alex Zyngier as the fifth member of the Company's Board of Directors (the "Board") effective October 22, 2021. Mr. Zyngier is an "independent director" according to the rules of the Securities and Exchange Commission and The NASDAQ Stock Market and his appointment creates a majority of independent directors on the Board in compliance with NASDAQ requirements. Alex Zyngier is the founder of Batuta Capital Advisors, a merchant bank focused on pursuing investment opportunities in restructuring, turnaround and event driven situations. Mr. Zyngier founded Batuta in 2013 and has
PORTLAND, Ore., Jan. 14, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its operating results for the fiscal quarter ended November 30, 2020. The operating results for the six months ended November 30, 2020 include first quarter financial results from Schmitt's July 9, 2020 acquisition of Ample Hills Creamery ("Ample Hills"). Highlights of the three months and six months ended November 30, 2020 Consolidated revenues increased $996,610, or 96.5%, to $2,029,712 for the three months ended November 30, 2020, as compared to $1,033,102 for the three months ended November 30, 2019. For the six months ended November 30, 2020, consolidate
Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today highlighted steps to enhance the composition of its board of directors following the closing of the proposed merger with Pineapple Energy LLC ("Pineapple"). Following the completion of the proposed merger with Pineapple, CSI will be renamed "Pineapple Holdings, Inc." ("Pineapple Holdings"), will trade under the new Nasdaq ticker symbol "PEGY," and will be focused on the growing home solar industry, primarily operating through its Hawaii Energy Connection and E-Gear subsidiary businesses. The CSI post-merger board of directors will be comprised of seven members, four of whom will be independent directors. To enhance th
NEW YORK, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Activist Investing LLC (together with its affiliates, "Activist Investing" or "we"), today announced the acquisition of approximately 9.9% of the outstanding shares of Schmitt Industries, Inc. (NASDAQ:SMIT) ("Schmitt" or the "Company"). David Elliot Lazar, Chief Executive Officer of Activist Investing, issued the following statement: "We are pleased to announce our significant investment in Schmitt given the meaningful opportunity we believe the Company represents and are eager to begin working with the Board of Directors and management to actively explore potential strategic options to drive shareholder value." About Activist InvestingActivist