Franklin Electric Co., Inc. announcing that, effective July 31, 2023, Donald Kenney retired from his positions as Vice President of the Company and President, Global Water. In connection with his planned retirement, Mr. Kenney entered into a Consulting Agreement with the Company, effective August 1, 2023. Pursuant to the Agreement, Mr. Kenney will provide consulting and transition services, as requested by the Company, for a fee of $15,000 per month through December 31, 2023.