artw20240603_corresp.htm

0001437749-24-019107.txt : 20240603 0001437749-24-019107.hdr.sgml : 20240603 20240603201932 ACCESSION NUMBER: 0001437749-24-019107 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240603 DATE AS OF CHANGE: 20240603 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MCCONNELL MARC H CENTRAL INDEX KEY: 0001257238 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-05131 FILM NUMBER: 241015727 MAIL ADDRESS: STREET 1: 1118 N QUEEN ST CITY: KINSTON STATE: NC ZIP: 28501 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ARTS WAY MANUFACTURING CO INC CENTRAL INDEX KEY: 0000007623 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 420920725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 BUSINESS ADDRESS: STREET 1: P O BOX 288 CITY: ARMSTRONG STATE: IA ZIP: 50514 BUSINESS PHONE: 7128643131 MAIL ADDRESS: STREET 1: P O BOX 288 CITY: ARMSTRONG STATE: IA ZIP: 50514 4 1 rdgdoc.xml FORM 4 X0508 4 2024-05-31 0000007623 ARTS WAY MANUFACTURING CO INC ARTW 0001257238 MCCONNELL MARC H 5556 HIGHWAY 9 ARMSTRONG IA 50514 1 1 0 Common Stock 2024-05-31 4 A 0 1000 0 A 192500 D Common Stock 5580 I By IRA #1 Common Stock 5000 I By child #1 Common Stock 5000 I By child #2 Common Stock 2149819 I McConnell Legacy Investments, LLC Stock Option (Right to Buy) 4.7000 2015-04-22 2025-04-22 Common Stock 2000 2000 D Represents fully-vested restricted stock granted pursuant to the director compensation plan. Includes (i) 171,500 shares of fully vested stock; and (ii) 20,000 shares of restricted stock for which risks of forfeiture lapse as to 6,666 shares on 2/7/25 and as to 6,667 shares on each of 2/7/26 and 2/7/27. The Reporting Person serves as Managing Member of McConnell Legacy Investments, LLC. Exhibit 24.1 Power of Attorney filed herewith. /s/ Alan Gilbert, Attorney-in-Fact for Marc H. McConnell 2024-06-03 EX-24 2 poa_mcconnell.htm artw20240603_corresp.htm

Exhibit 24.1

LIMITED POWER OF ATTORNEY

The undersigned hereby constitutes and appoints Michael W. Woods and Alan Gilbert, each individually and signing singly, as the undersigned's true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, for the undersigned and in the undersigned's name, place and stead, in any and all capacities, to due to the undersigned's affiliation with of Art's-Way Manufacturing Co., Inc. (the "Issuer"), to:

(1)	execute for and on behalf of the undersigned Form ID (Uniform Application for Access Codes to file on EDGAR) and Forms 3, 4, 5 and any amendments to previously filed forms in accordance with Section 16(a) of the Exchange Act and the rules thereunder;

(2)

do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the execution of any such Form ID and Forms 3, 4, 5 and the timely filing of such form with the United States Securities and Exchange Commission and any other authority as required by law and to deliver a copy of the same to the Issuer; and

(3)

take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his or her discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all said attorneys-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof. The undersigned acknowledges that (i) the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, and (ii) this Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under the Exchange Act, including without limitation the reporting requirements under Section 16 of the Exchange Act.

This Limited Power of Attorney shall remain in effect until such time as the undersigned is no longer subject to the provisions of Section 16 of the Securities Exchange Act of 1934 with respect to securities of the Issuer unless earlier revoked by the undersigned in a writing delivered to the foregoing attorneys-in-fact. This Limited Power of Attorney supersedes any and all prior Powers of Attorney of same, which shall be deemed revoked.

The undersigned hereby agrees to indemnify the attorneys-in-fact for all losses and costs the attorneys-in-fact may incur in connection with or arising from the attorneys-in-fact's execution of their authorities granted hereunder.

IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be executed as of this 2nd day of June 2024.

/s/Marc H. McConnell
Signature

Marc H. McConnell
Name