Virco amends 2019 equity plan to remove tax gross-ups, add clawback provisions

VIRCO MFG CORPORATION

Board approved amendment and restatement of 2019 Omnibus Equity Incentive Plan effective May 19, 2023.
Amendment removes ability to provide tax gross-up payments; none historically paid.
All awards under plan are now subject to company's clawback policy and applicable laws.
Clarifies performance goals may be modified by the company under certain circumstances.

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