Item 3.01. Notice of Failure to Satisfy a Continued Listing Rule or Standard.

On May 19, 2020 Hamilton Beach Brands Holding Company (the "Company") received a notice from the New York Stock Exchange (the "NYSE") indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Form 10-Q for the period ending March 31, 2020 (the "First Quarter 10-Q") with the Securities and Exchange Commission (the "SEC").

The NYSE informed the Company that, under the NYSE rules, the Company will have six months from the filing due date to file the First Quarter 10-Q with the SEC. The Company can regain compliance at any time before that date by filing the First Quarter 10-Q with the SEC. If the Company fails to file the First Quarter 10-Q before the NYSE's six month compliance deadline, the NYSE may, in its sole discretion, grant an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances.

As previously disclosed in the Company's Form 12b-25 filed with the SEC on May 11, 2020, the reason for the delay is the additional time needed to complete an investigation into certain accounting irregularities at its Mexican subsidiary in order to determine the impact these matters may have on the Company's financial results. The Audit Review Committee of the Company's Board of Directors is overseeing the investigation with the assistance of outside counsel and other third-party experts. The Company continues to work diligently to complete the investigation and file the First Quarter 10-Q as quickly as possible.

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