L.B. Foster expands board to 8, elects David J. Meyer as independent director

FOSTER L B CO

Board expanded from 7 to 8 members; Meyer elected effective January 1, 2024.
Meyer brings 28+ years of manufacturing experience, including 23 in the rail industry.
Meyer previously served as President of Wabtec's Industrial Group and holds 7 rail-related patents.
Compensation consistent with other non-management directors; pro-rated stock award and fees for prior service.

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