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Schmitt Industries Inc. (SMIT)On Dec 1: 3.3801  Down 0.1199 (3.43%)  
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Schmitt Industries Inc.
2765 NW Nicolai Street
Portland, OR 97210
United States - Map
Phone: 503-227-7908
Fax: 503-223-1258
Web Site: http://www.schmitt-ind.com

DETAILS 
Index Membership:N/A
Sector:Technology
Industry:Scientific & Technical Instruments
Full Time Employees:41

BUSINESS SUMMARY 
Schmitt Industries, Inc. designs, manufactures, and markets balancing systems and components, and laser-based test and measurement systems primarily in North America, Europe, and Asia. The company’s Balancer segment involves in the design, assembly, and marketing of computer-controlled balancing equipment. This segment’s product line includes Schmitt Dynamic Balance System that consists of a computerized control unit, vibration sensor, spindle mounting adapter, balance head, and an optional Acoustical Emission Monitoring system. It serves the manufacturers and operators of grinding machines for automotive, aerospace, medical, and machine tools industries. The company’s Measurement segment manufactures and markets a line of laser-based precision measurement products and an ultrasonic product for measuring the fill levels of liquid propane tanks, as well as operates a precision laser light scatter measurement laboratory. This segment’s laser-based surface roughness measurement products consists of TMS-2000-RC product, a non-contact texture measurement system; and TMS-2000-DUV-RC product that measures the surface micro roughness of ceramic/glass; laser-based distance measurement and dimensional sizing, which comprises AR series sensors and scanners. It also offers remote tank monitoring products, such as Xact product that detects and measures the capacity and volume of chemical storage tanks; research and other measurement products, including CASI Scatterometers, which measure surface quality, optical performance, smoothness, appearance, defects, and contamination of materials. This segment offers its products primarily to the manufacturers of hard disk drives, silicon wafers, and optical products. The company sells its products through independent manufacturer’s representatives and distributors. Schmitt Industries, Inc. was founded in 1984 and is based in Portland, Oregon.
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    CORPORATE GOVERNANCE 
    Schmitt Industries Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 37% of CGQ Universe companies and 20% of Technology Hardware & Equipment companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Wayne Arthur Case MBA, 68
    Chairman and Chief Exec. Officer
    $ 279.00K $ 0
    Mr. James A. Fitzhenry , 53
    Pres
    $ 157.00K $ 0
    Mr. Jeffrey T. Siegal , 45
    Chief Financial Officer, Principal Accounting Officer, Corp. Treasurer and Corp. Controller
    $ 146.00K $ 0
    Mr. David W. Case , 46
    VP of Operations
    $ 139.00K $ 0
    Ms. Linda M. Case , 64
    Sec.
    N/A N/A
    Dollar amounts are as of 31-Dec-09 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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