National Presto Industries, Inc. announced that on May 16, 2023, Richard N. Cardozo tendered his resignation as a member of the Board of Directors of the company and as a member of the Audit, Compensation and Nominating/Governance Committees of the Board effective immediately. Mr. Cardozo's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. On May 16, 2023, upon the recommendation of the Nominating/Governance Committee, the Board appointed Douglas J. Frederick to fill the vacancy on the Board following the resignation of Mr. Cardozo.

Mr. Frederick will serve for a term expiring at the annual meeting of stockholders to be held in 2025. Mr. Frederick has served as General Counsel of the Company since January 2009. He was elected Corporate Secretary on November 17, 2009, Vice President on May 15, 2018, and Chief Operating Officer on December 11, 2018.