This paper is a continuation of earlier publications of the authors related to the analysis of mechatronic systems including piezoelectric materials used as sensors or actuators for stabilization and damping of mechanical vibration. It was demonstrated that only very accurate mathematical model of the system with the piezoelectric transducers and external electric circuit attached to a mechanical system like a beam or a shaft by a glue layer allows the engineers to design the system with required dynamic parameters. Geometrical and material parameters of all the components have to be taken into account because neglecting the influence of one of them results in erroneous analysis results [1-4]. The paper presents the improved mathematical model of the considered mechatronic system. The assumption of pure shear of the connection layer is rejected during modeling and deformation of the layer is taken into consideration. The purpose of the reported enhancement of the mathematical model of the considered mechatronic system is to improve accuracy of computational results.