L.B. Foster Company (the Company) announced that, on October 26, 2022, Mr. William H. Rackoff informed the Board of Directors that he intended to retire on that same date. In connection with that decision, on October 27, 2022 the Board approved the reduction of the size of the Board from nine (9) members to eight (8) members effective immediately. Mr. Rackoff's decision does not involve any disagreement on any matter relating to the Company's operations, policies, or practices.