Applied Industrial's GC & Secretary Fred Bauer to retire Jan 31; consulting agreement through March 2023

APPLIED INDUSTRIAL TECHNOLOGIES INC

Fred D. Bauer, VP – General Counsel & Secretary, to retire Jan 31, 2023 after over 30 years of service.
Bauer will continue as Secretary during search for new General Counsel; consulting agreement from Feb 1 to Mar 31.
Consulting fee of $44,131 per month plus expense reimbursement; SARs vest at retirement with extended exercise period.
Committee authorized consulting agreement to ensure smooth transition; Bauer to provide legal consulting services.

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