ESCO Technologies Inc. announced that on November 14, 2023, director James M. Stolze notified the Company?s Board of Directors that he would retire from the Board effective upon the expiration of his current term at the Company?s 2024 Annual Meeting of Stockholders. Mr. Stolze indicated that his retirement from the Board was not due to any disagreement with the Company or any concerns relating to the Company?s operations, policies or practices. In order to rebalance the three classes of directors, and with the consent of director Janice L. Hess, whose current term would not have expired until 2025, the Board reclassified Ms. Hess into the same class as Mr. Sayler and Mr. Stolze, with terms expiring at the Company?s 2024 Annual Meeting; and in order to avoid a vacancy on the Board resulting from Mr. Stolze?s retirement the Board of Directors approved reducing the size of the Board from eight to seven directors upon the expiration of Mr. Stolze?s term.