Michael R. Zapata, a director of Schmitt Industries, has just filed an initial statement of beneficial ownership where 350,779 shares of Schmitt Industries were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Zapata. Zapata operates out of Portland, OR. Some additional info was provided as follows:
Mr. Zapata, as the Managing Member of Sententia Capital Management, LLC, may be deemed the beneficial owner of the 350,779 shares owned by Sententia Group, LP, of which Sententia Capital Management, LLC is the general partner.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Schmitt Industries makes a similar move, sign up!
Other recent filings from the company include the following: