Schmitt Industries, Inc. announced that on January 8, 2016, James A. Fitzhenry, the President and Chief Executive Officer of the company tendered his resignation, effective immediately, as an officer of the company, including any positions held with any of the company's subsidiaries. Mr. Fitzhenry will retain his position as a director of the company. On January 8, 2016, the company appointed David M. Hudson as its Interim President and Chief Executive Officer, effective immediately.

Mr. Hudson, aged 63, has served as a director of the company since April 2006. He previously served as a director of the company from 1996 to 2003. Mr. Hudson is a private business consultant.

Mr. Hudson was the founder and President of Hudson Capital Management. In 1994, he co-founded Coldstream Capital Management, Inc.