On November 16, 2022, at a duly-convened meeting of the Board of Directors of SIFCO Industries, Inc., Norman E. Wells, Jr. notified the chairperson of the Nominating and Governance Committee of the Board that he will not stand for re-election and intends to retire from the Board, and the committees on which he currently serves, effective as of the date of the Company's 2023 Annual Meeting of Shareholders. Accordingly, Mr. Wells will not be nominated by the Board for re-election at the 2023 Annual Meeting and his term as director will end when his current term expires at the 2023 Annual Meeting. Mr. Wells currently serves as the Chairman of the Board, and is a sitting member of the Audit, Compensation, and Nominating and Governance Committees thereof.