In connection with the Merger, effective as of the Effective Time, Douglas A. Starrett, Thomas J. Riordan, Scott W. Sproule, Christopher C. Gahagan, Deborah R. Gordon, and Charles J. Alpuche ceased to be members of The L.S. Starrett Company's board of directors or any committee thereof. In connection with the Merger, effective as of the Effective Time, John Stewart, aged 55, was elected to the Company's board of directors for an unlimited term. Mr. Stewart is the Founding & Managing Partner of MiddleGround Capital, an affiliate of the Company, and a member of MiddleGround Capital's Investment Committee.

Mr. Stewart has served on the Board of Directors of over 25 businesses across both middle market and Fortune 100 companies. The Company believes that Mr. Stewart's extensive experience in private equity management qualifies him to serve on the Company's board of directors. In connection with the Merger, effective as of the Effective Time, Justin Steil, aged 45, was elected to the Company's board of directors for an unlimited term.

Mr. Steil is a Partner and member of the Investment Committee at MiddleGround Capital, an affiliate of the Company. Prior to joining MiddleGround Capital, Mr. Steil served as a Managing Director on the private capital team of PineBridge Investments and as a Managing Director in the private equity business of Evercore. The Company believes that Mr. Steil's extensive experience in private equity management qualifies him to serve on the Company's board of directors.

In connection with the Merger, effective as of the Effective Time, Douglas A. Starrett's officer title was changed from Chief Executive Officer and President" to Chief Executive Officer," Mr. Stewart was elected as the Company's President for an unlimited term and Mr. Steil was appointed as the Company's Vice President and Secretary for an unlimited term.