Northwest Pipe board rejects director Franson's resignation after withheld votes

NWPX Infrastructure, Inc.

Michael Franson, Lead Director and Compensation Committee Chair, received more 'withheld' than 'for' votes in director election.
Board unanimously declined to accept Franson's resignation, citing his contributions and expertise from two acquisitions.
Board attributed vote outcome to ISS diversity recommendation, not Franson's performance; he continues in all roles.
Board reaffirms commitment to enhancing racial/ethnic diversity; recently formed Environmental and Social Governance Committee.

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