On June 8, 2023, Conrad J. Gunther, a member of the Board of Directors of CVD Equipment Corporation (the “Company”) and chairperson of the Compensation Committee, notified the Board that, due to personal and business commitments, he intends to retire from the Company's Board of Directors, and does not wish to seek reelection at the Company's 2023 Annual Meeting of Shareholders (the “Annual Meeting”). Accordingly, Mr. Gunther will not be nominated by the Board for election at the Annual Meeting, and Mr. Gunther's term as a director will expire when his current term ends at the Annual Meeting.