On March 23, 2022, International Baler Corporation (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Avis Industrial Corporation, an Indiana corporation (“Parent”) and AIC Merger Sub Inc., a wholly-owned subsidiary of Parent (“Merger Sub”). At the Effective Time, Ronald L. McDaniel, D. Roger Griffin, Lael E. Boren, William E. Nielsen, John J. Martorana and Martha R. Songer ceased serving as members of the Company's board of directors. Also, at the Effective Time, Richard VanDeusen became a director of the Company, joining Gregory L. King on its board.

In addition, at the Effective Time, D. Roger Griffin ceased being the Company's President with Gregory L. King succeeding Mr. Griffin as President of the Company . The above departures were solely in connection with the Merger and not a result of any disagreement with the Company, its management or its board of directors. Gregory L. King is President and Chief Executive Officer of Parent, a position he has held since October 2020.

Prior to that, Mr. King was President and CEO of The Harris Waste Management Co. (a wholly-owned subsidiary of Parent) from April 2016 to December 2020. Mr. King became a member of the board of directors of the Company on September 4, 2021.

He was also President of Merger Sub since its formation in March 2022. He is also President and General Manager of The Harris Waste Management Group Inc., a position he has held since December 2020. Prior to that, Mr. VanDeusen was Vice President, Finance of Altisource from April 2019 until December 2020.

From February 2016 until February 2019 he was Senior Vice President of Recycling at WestRock Company.