Raven Industries, Inc. entered into an Agreement and Plan of Merger with CNH Industrial N.V. and CNH Industrial South Dakota, Inc., a South Dakota corporation and wholly owned subsidiary of CNH Industrial. Pending the successful completion of the transaction, Mr. Rykhus has provided notice of his retirement from Raven Industries. Mr. Rykhus has served as the President and Chief Executive Officer of Raven for the past 11 years and held other significant leadership roles during his 31 years with Raven. Mr. Rykhus plans on joining CNH Industrial as an Executive Strategic Advisor helping the CNH Industrial executives and Raven leaders build a successful combined company. In this new role Mr. Rykhus will report to Mr. Wine, CNH Industrial Chief Executive Officer. Additionally, Mr. Brazones has provided notice of his intent to terminate his employment from Raven Industries pending the successful completion of the transaction. Mr. Brazones has served as the Division Vice President and General Manager of the Applied Technology Division for the previous year and the Vice President and Chief Financial Officer for 6 years prior to his current position. In the unlikely event that the transaction does not successfully reach completion, Mr. Brazones will continue his employment as the Division Vice President and General Manager of the Applied Technology Division.