On January 26, 2024, 22NW, LP announced that it has entered into a cooperation agreement with L.B. Foster Company, pursuant to which the board of directors of the Company, and all applicable committees thereof, agreed to take all necessary actions to nominate Alexander B. Jones as a candidate for election to the Board at the Company?s 2024 annual meeting of shareholders, for a term expiring at the Company?s 2025 annual meeting of shareholders. 22NW stated that Alexander B. Jones would fill the vacancy created by the retirement of director Dirk Jungé, who cannot stand for re-election at the 2024 annual meeting under the terms of the Company?s Corporate Governance Guidelines.