Griffon Corporation announced that it has entered into a cooperation agreement with Voss Capital (Voss), which owns approximately 6.0% of the company's outstanding common stock, including the appointment of Travis W. Cocke, Chief Investment Officer of Voss, to Griffon's Board of Directors. Mr. Cocke will fill the vacancy resulting from the recent passing of Admiral Robert G. Harrison, who served on Griffon's Board for eighteen years with distinction. Mr. Cocke will serve as a member of the Board's Committee on Strategic Considerations and Nominating and Corporate Governance Committee.

Pursuant to the Cooperation Agreement, the Company has agreed to appoint Mr. Cocke to the Board, effective January 9, 2023, and nominate him to stand for election at its upcoming 2023 annual meeting of stockholders. Concurrent with his appointment to the Board, Mr. Cocke will be appointed to the Nominating and Corporate Governance Committee, as well as the Committee on Strategic Considerations. In addition, Voss has, among other things, withdrawn its slate of proposed nominees and agreed to abide by certain standstill, -94 voting and other provisions as set forth in the Cooperation Agreement, which will be publicly filed.

In addition, the Cooperation Agreement provides that, following the company's 2023 annual meeting of stockholders, at Voss's election the company will, in consultation with Voss, select and appoint one additional independent director to the Board, and the size of the Board will be not more than 13 members.