On May 11, 2015, Cesar L. Alvarez withdrew as a nominee for re-election to the Watsco Inc. (the “company”) Board of Directors, and Mr. Alvarez's term as a director expired at the company's Annual Meeting of shareholders, held on May 11, 2015. Mr. Alvarez's decision to withdraw as a nominee for re-election was for personal reasons and was not due to any disagreement with the company. The company at its AGM approved the appointment of Aaron J. Nahmad and Albert H. Nahmad to serve as Class B common stock directors until the company's 2018 annual meeting of shareholders.
Watsco, Inc. is engaged in the distribution of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) with locations in the United States, Canada, Mexico, and Puerto Rico, and on an export basis to Latin America and the Caribbean. The Company sells products to the commercial refrigeration market, which include condensing units, compressors, evaporators, valves, refrigerants, walk-in coolers, and ice machines for industrial and commercial applications. It also sells a variety of non-equipment products including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats, and air quality products. It distributes products manufactured by Flexible Technologies, Inc. (Flexible Technologies), Resideo Technologies, Inc. (Resideo), Copeland Corporation, LLC, The Chemours Company (Chemours), Mueller Industries, Inc. (Mueller), and Welbilt, Inc. (Welbilt), among others. The Company operates in approximately 692 locations.
WATSCO, INC. 
