As previously disclosed, Art’s-Way Manufacturing Co., Inc. hired David King as an Executive Vice President in March 2020, with the expectation that Mr. King would assume the role of Chief Executive Officer upon the resignation of Carrie Gunnerson as Chief Executive Officer of the Company in the third quarter of fiscal year 2020. Ms. Gunnerson’s resignation as Chief Executive Officer will be effective as of July 21, 2020 and Mr. King will assume the role of Chief Executive Officer at that time. Mr. King’s employment as Chief Executive Officer will continue to be governed by the previous employment agreement entered into between the Company and Mr. King, effective March 30, 2020.