On March 27, 2015, Jerald D. Bidlack informed the Board of Directors of Graham Corporation that, after 30 years of dedicated service to the company, including 17 years as Chairman of the Board, he will retire as a Director effective May 30, 2015. On April 1, 2015, the Board of Directors also confirmed that, after 17 years of dedicated service to the company, Helen H. Berkeley will retire as a Director no later than the 2015 Annual Meeting of Stockholders. On April 1, 2015, the Board of Directors appointed: (i) Director James J. Malvaso to serve as Chairman of the Board; (ii) Director Lisa M. Schnorr to serve as Chair of the Compensation Committee; and (iii) Director James J. Barber to serve as Chair of the Employee Benefits Committee.