On January 31, 2024, Universal Stainless & Alloy Products, Inc. determined that Dennis M. Oates would transition from his current position as the Company?s Executive Chairman/Director to a position as a non-employee member of the Company?s Board of Directors, effective February 1, 2024. Mr. Oates will continue to serve as Chair of the Board of Directors and, beginning on February 1, 2024, will be eligible to receive the Company?s standard compensation for its non-employee directors.