Schmitt Industries, Inc. Announces that ISS and Glass Lewis Both Recommend that SMIT Shareholders DO NOT VOTE FOR SENTENTIA Nominees
Schmitt Industries, Inc. (SMIT)
US:NASDAQ Investor Relations:
investor.schmitt-ind.com/investor-relations
Company Research
Source: GlobeNewswire
PORTLAND, Ore., Oct. 02, 2018 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (“SMIT”) today announced that Institutional Shareholders Services Inc. and Glass Lewis, the leading independent proxy research and advisory firms to institutional investors, have both recommended that SMIT shareholders do not vote for Sententia’s nominees. SMIT also announced that today it sent a letter to its shareholders. Included below is the full text of the letter: Leading proxy advisory firms recommend DO NOT VOTE FOR SENTENTIA Nominees October 2, 2018 Dear Fellow Shareholders, Schmitt Industries, Inc. (“SMIT” or the “Company”) today announced that Institutional Shareholders Services Inc. (“ISS”) and Glass Lewis, the leading independent proxy research and advisory firms to institutional investors, both recommend that SMIT shareholders do not vote for Sententia’s nominees. After thoroughly evaluating SMIT’s performance, Sententia’s arguments, and their nominees, BOTH ISS AND GLASS
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