Ampco-Pittsburgh appoints three independent directors, settles with Ancora (5.6% holder)

AMPCO PITTSBURGH CORP

Appointed Frederick DiSanto, Darrell McNair (Ancora) to Class 2023; Laurence Paul to Class 2022.
Board size increased to 11; Ancora gets two seats and a Business Improvement Advisory Committee.
Ancora agrees to standstill, supports Board slate at 2022 annual meeting; owns ~5.6% of AP.
Cooperation agreement includes customary standstill, non-disparagement, and expense reimbursement.

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