On February 28, 2022, C.H. Robinson Worldwide, Inc. entered into a Cooperation Agreement with Ancora Catalyst Institutional, LP, Pacific Point Wealth Management LLC, and the other entities and natural persons party thereto (collectively, the Investor Group) pursuant to which the Company (i) increased the size of the board of directors of the Company to twelve (12) directors, until the opening of the polls of the 2022 Annual Meeting, at which time current directors Wayne M. Fortun and Brian P. Short, who previously announced their decision not to stand for reelection, will no longer serve as directors on the Board, the size of the Board shall be reduced to a total of ten (10) or eleven (11) directors, as determined by the Board in its sole discretion and (ii) appointed to the Board Henry W. Winship and Henry J. Maier (the Investor Group Appointees) to serve as directors of the Company effective immediately upon execution of the Cooperation Agreement. With respect to the Company's 2022 annual meeting of shareholders, the Company may also include an additional nominee identified by the Governance Committee of the Board in the Company's slate of nominees for election as directors of the Company at the 2022 Annual Meeting.