On December 30, 2020, FR Utility Services Inc. completed the previously announced acquisition of The Goldfield Corporation, pursuant to the Agreement and Plan of Merger (the “ Merger Agreement”), dated as of November 23, 2020, by and among FR Utility, Goldfield and FR Utility Services Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of FR Utility (“ Acquisition Sub”). In connection with the Merger and as contemplated by the Merger Agreement, upon the consummation of the Merger, the director of Acquisition Sub, Jeffrey K. Quake, became the only director of Goldfield. In connection therewith, each of Stephen L. Appel, David P. Bicks, Harvey C. Eads, Jr., John P. Fazzini, and Danforth E. Leitner tendered their respective resignations as directors from the board of directors of Goldfield and from all committees of the board of directors of Goldfield on which such directors served, effective as of the Effective Time.