SMIT Schmitt Industries Inc - 8-K

Item 5.02 Departure of Directors or Certain Officers: Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 8, 2026, Michael Zapata tendered his resignation
as Chief Executive Officer and Chairman of the Board of Directors of the Schmitt Industries, Inc. (the Company). Neither resignation was
the result of any disagreement with the Company.

Following the resignation, Charles Davidson remains
the sole member of the Board. Pursuant to the Company’s bylaws and applicable Oregon law, the remaining director may act to fill
vacancies on the Board and conduct such other business as may property come before the Board.