A. M. Castle & Co. announced in connection with the agreement, effective November 4, 2016 Kenneth H. Traub and Richard N. Burger each resigned from their respective positions as members of the Board of the Directors of the company and all committees of the Board on which they served.

The company also announced that on November 3, 2016, the Board approved an amendment to the Amended and Restated Bylaws of the company. The Amendment amended Section 1 of Article III to change the minimum number of directors on the Board from eight directors to four directors.