The Board of Directors of Friedman Industries, Incorporated increased the number of directors comprising the Board and appointed Sandra K. Scott and Sharon Taylor as directors of the Company to fill such newly created vacancies on June 14, 2022, effective immediately, in each case pursuant to and consistent with the authority provided in the Company's Bylaws. Ms. Scott served as the Chief Executive Officer of Sprint Industrial Holdings, LLC, a specialty rental equipment and transportation company specializing in temporary storage containers, safety equipment, hazardous waste transportation and trucking services for the petrochemical and oil and gas industries, for over 9 years from January 2010 through August 2019. Ms. Scott currently serves as a director on the board of directors of Terra Nova Solutions (acting as Chairman, Compensation Chair and an Audit Committee member), CEDA International, DWD International, LLC and Goodwill of Houston.

Ms. Scott holds a Bachelor of Business Administration from Sam Houston State University and a Master of Business Administration: Business Administration, Management and Operations from the University of Houston. The Board did not immediately appoint Ms. Scott to serve on any of the committees. Sharon Taylor serves as Vice President and Chief Financial Officer of Martin Midstream Partners and holds the same roles at Martin Resource Management Corporation.

Ms. Taylor previously served as Director of Finance and Head of Investor Relations for the Martin Midstream Partners. Ms. Taylor was a member of the management group at Prism Gas Systems Inc. serving as Vice President and Chief Financial Officer, where she continued serving as Controller after the Martin Midstream Partner's acquisition of Prism in November 2005. Prior to working at Prism, Ms. Taylor served as Director of Finance and Investor Relations for Dynamex Inc. Ms. Taylor holds a bachelor of business administration degree in accounting from Harding University.

The Board did not immediately appoint Ms. Taylor to serve on any of the committees.