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Schmitt Industries Inc
2765 NW Nicolai Street
Phone: (503) 227-7908p:503 227-7908 PORTLAND, OR  97210  United States Ticker: SMITSMIT
Business Summary
Schmitt Industries Inc. is a holding company, which is engaged in diverse business activities. The Company's operating businesses include propane tank monitoring solutions, precision measurement solutions and ice cream production and sales through the retail, wholesale, and e-commerce channels. The Company operates through two segments: Measurement Segment (SMS) and Ice Cream Segment. Its SMS family of products includes the Acuity and Xact product lines. Acuity products utilize both triangulation and time-of-flight measurement principles and are known for their speed and accuracy. Acuity products are used in a variety of industrial, commercial and research applications. Xact ultrasonic measurement technology monitors the fill levels of propane and other liquid tanks via satellite-connected devices. The Company's Ice Cream Segment is comprised of Ample Hills. Ample Hills primarily sells artisan ice cream directly to customers at its retail locations.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
5/31/20225/31/2022YesYes--Yes

Industries
SIC Code Description
3823 Industrial instruments for measurement, display, and control of processes
2024 Ice cream and frozen desserts
5143 Dairy products, except dried or canned

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board, President, Chief Executive Officer Michael R.Zapata 45 7/30/2019 12/1/2018
Independent Director CharlesDavidson 63 1/1/2020 5/31/2016
Independent Director KristiFrank 11/14/2022 11/14/2022
Independent Director AlexandreZyngier 54 10/22/2021 10/22/2021

Subsidiaries
Business Name Address City State/Province Country
Ample Hills Acquisition LLC 305 Nevins Street Brooklyn NY United States

Business Names
Business Name
Ample Hills Acquisition LLC
Ample Hills Sub 1 LLC
Ample Hills Sub 10 LLC
16 additional Business Names available in full report.

General Information
Number of Employees: 157 (As of 5/31/2022)
Outstanding Shares: 3,872,134 (As of 9/30/2022)
Shareholders: 70
Stock Exchange: OTC
Federal Tax Id: 931151989
Fax Number: (503) 223-1258
Email Address: lcase@schmitt-ind.com


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Wednesday, November 20, 2024