On July 13, 2017, Ralph G. Lawrence and Stephen F. Walsh, and on July 16, 2017, Salvador de Camargo, Jr., each notified the Board of Directors of The L.S. Starrett Company that they will not stand for re-election at the Company’s 2017 annual meeting of shareholders. The decision not to stand for re-election was not a result of any disagreement with other Board members or with management. Messrs. Lawrence, de Camargo and Walsh will continue to serve on the Board until the Company’s 2017 annual meeting of stockholders, which is the end of each of their current term.