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Schmitt Industries Inc (SMIT.OQ)

SMIT.OQ on NASDAQ Stock Exchange Capital Market

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Summary

Name Age Since Current Position

Michael Ellsworth

72 2017 Chairman of the Board

David Hudson

64 2016 President, Chief Executive Officer, Director

Ann Ferguson

47 2016 Chief Financial Officer, Treasurer, Corporate Secretary

David Case

52 1996 Vice President - Operations

Linda Case

70 1993 Corporate Secretary

Charles Davidson

57 2016 Director

Maynard Brown

69 1992 Independent Director

Biographies

Name Description

Michael Ellsworth

Mr. Michael J. Ellsworth serves as Chairman of the Board of the Company. Mr. Ellsworth has served as a director of the Company since April 2006. Mr. Ellsworth served as Chief Operating Officer and advisor to the Board of Directors of ADE Corporation, Westwood, Massachusetts ("ADE"), from 1993 to 1997. ADE is a semiconductor metrology and instrumentation company. After retirement from active management in 1997, he continued to serve as a Vice President and an advisor to ADE's Board of Directors until 2001. Mr. Ellsworth also served as President, CEO and Director of Electro Scientific Industries from 1987 to 1992. Electro Scientific Industries is a microelectronics and semiconductor capital equipment corporation. He is presently Chairman of Motion Optics Corporation, a privately held semiconductor equipment company, and also works as a consultant to the semiconductor industry through his firm, Kinetic Technologies, Inc. where he serves as the President.

David Hudson

Mr. David M. Hudson is President, Chief Executive Officer, Director of the Company. Mr. Hudson was appointed President and Chief Executive Officer. He previously served as a director of the Company from 1996 to 2003. Prior to his appointment as Chief Executive Officer and President, Mr. Hudson was a private business consultant and the managing member of Gemini Value Partners LLC. Mr. Hudson was the founder and President of Hudson Capital Management, which through a merger became the Crabbe Huson Group. In 1994, he co-founded Coldstream Capital Management, Inc. Mr. Hudson brings a variety of skills and attributes to the Board of Directors, including other directorial service and experience in the areas of executive leadership, finance, strategy and operations. Mr. Hudson holds a B.S. degree in Mathematics from the University of Oregon.

Ann Ferguson

Ms. Ann M. Ferguson is Chief Financial Officer, Treasurer, Corporate Secretary of the Company. She has been Chief Financial Officer and Treasurer of the Company since April 2013 and Corporate Secretary since April 2016. Ms. Ferguson is a certified public accountant (inactive) with over 25 years of experience in finance and accounting. Ms. Ferguson is also the Managing Director of Schmitt Europe Ltd. Until June 2012, Ms. Ferguson was a partner at Deloitte & Touche LLP, where she had been employed since 1991 and served in various roles of increasing responsibility until she was admitted to the partnership in 2006. Ms. Ferguson served as lead audit partner for two significant manufacturing clients, including one publicly traded company, as well as serving several other clients in other industries. Ms. Ferguson holds a B.S. degree in Business with an emphasis in accounting from the University of Oregon.

David Case

Mr. David W. Case is Vice President - Operations of Schmitt Industries, Inc. He has been Vice President of Operations of the Company since 1996, and before then was Production Manager. He has been responsible for many of the design features of the SBS Dynamic Balance System. His duties include manufacturing, engineering and quality assurance. Mr. Case holds a B.S. degree in Economics from the University of Oregon.

Linda Case

Ms. Linda M. Case is a Corporate Secretary of Schmitt Industries, Inc. Ms. Case holds a B.A. degree in Sociology and Psychology from Linfield College. Ms. Case is married to Wayne A. Case.

Charles Davidson

Mr. Charles Davidson is Director of the Company. Since August 2014, Mr. Davidson has been the CEO of Attensa Corporation, an enterprise software provider addressing how businesses engage and inform their workforce on topics that drive productivity, innovation, and growth. He was the CEO of Attensa's predecessor company Leeward, Inc. from 2009 until 2014, when it was merged into Attensa Corporation, and Attensa, Inc. from 2007 until 2009. From 2000 until 2003, he was CEO and President of StatiaFX, a developer of software solutions for financial advisory services. When StatiaFX was acquired in 2003 by Financial Profiles, a business unit of Hanover Insurance Group, Mr. Davidson became Vice President, Strategy and Business Development of Financial Profiles and served in that function until 2006 when the business was sold. From 1994 to 1999, Mr. Davidson was Chief Operating Officer and a member of the Board of Directors of the Crabbe Huson Group, an investment management firm. In 1993, he co-founded Co-Operations, Inc., an innovative outsource logistics company and served as its chairman until 2000. Mr. Davidson holds a B.S. from the University of Oregon and a J.D. from Northwestern School of Law, Portland. He is a member (inactive) of the bar associations of Oregon and Washington.

Maynard Brown

Mr. Maynard E. Brown is an Independent Director of Schmitt Industries Inc. He is a retired member of the Law Society of British Columbia. Mr. Brown has more than 25 years of direct experience in advising publicly held corporations in securities and related matters. In addition to his extensive legal experience involving public companies and corporate law matters, Mr. Brown adds considerable directorial service, including audit committee service, and experience in the areas of finance, accounting, risk oversight and strategy. He currently serves as a director and audit committee member for three publicly-traded companies in Canada. Mr. Brown has a Bachelor of Law (LLB) degree from Dalhousie University in Halifax, Canada.

Basic Compensation

Name Fiscal Year Total

Michael Ellsworth

--

David Hudson

104,680

Ann Ferguson

183,705

David Case

174,675

Linda Case

--

Charles Davidson

--

Maynard Brown

--
As Of  31 May 2016

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