|EX-99.1 - PRESS RELEASE - SCHMITT INDUSTRIES INC||dex991.htm|
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): April 12, 2011
SCHMITT INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of
incorporation or organization)
|2765 N.W. Nicolai Street Portland, Oregon||97210-1818|
|(Address of principal executive offices)||(Zip Code)|
Registrants telephone number, including area code: (503) 227-7908
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))|
Item 2.02 Results of Operations and Financial Condition.
On April 12, 2011, Schmitt Industries, Inc. issued a press release entitled Schmitt Industries Announces Third Quarter Fiscal 2011 Operating Results; Company Continues Revenue Growth. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information contained in this Current Report shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
99.1 Press release entitled Schmitt Industries Announces Third Quarter Fiscal 2011 Operating Results; Company Continues Revenue Growth dated April 12, 2011.
Forward Looking Statements
Certain statements in this release, including but not limited to remarks by Wayne Case and Jim Fitzhenry, are forward-looking statements. These statements are based upon current expectations, estimates and projections about the Companys business that are based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements due to numerous factors including, but not limited to, general economic conditions and the global financial crisis, the volatility of the Companys primary markets, the Xact tank monitoring systems commercial viability and ability to satisfy expected demand, the ability to develop new products to satisfy changes in consumer demands, protection of intellectual property rights, the intensity of competition, the effect on production time and overall cost of products if any of our primary suppliers are lost or if a primary supplier increases the prices of raw materials, fluctuations in quarterly and annual operating results, the ability to reduce operating costs if sales decline, maintenance of a significant investment in inventories in anticipation of future sales, attracting and retaining key management and qualified technical and sales personnel, changes in effective tax rates, increased costs due to changes in securities laws and regulations, and risks from international sales and currency fluctuations
For further information regarding risks and uncertainties associated with Schmitts business, please refer to Schmitts SEC filings, including, but not limited to, its Forms 10-K, 10-Q and 8-K.
The forward-looking statements in this release speak only as of the date on which they were made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes to this document made by wire services or internet service providers.
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.|
|April 12, 2011||By:|
|Name: Wayne A. Case|
|Title: Chairman and Chief Executive Officer|