EX-1 2 d689932dex1.htm EXHIBIT 1 Exhibit 1

Exhibit 1

VOTING TRUST EXTENSION AGREEMENT

THIS AGREEMENT entered into as of January 18, 2019 by and among those holders of Common Shares of SIFCO Industries, Inc. executing and delivering this Agreement (“Shareholders”) and JANICE G. CARLSON and CHARLES H. SMITH, III, as Trustees and their successors in trust (said named Trustees and their successors being hereinafter called the “Trustees”);

WITNESSES THAT:

As of February 1, 2017 certain shareholders of SIFCO Industries, Inc. (the “Company”) entered into a Voting Trust Agreement (the “Trust Agreement”) with respect to their shares of Common Stock in the Company; and

Pursuant to Section 14 of the Trust Agreement, the term of Trust Agreement may be extended for an additional period not to exceed two years upon the concurrence of the holders of Trust Certificates representing not less than 85% of the 1,819,674 shares deposited under the Trust Agreement, (after giving effect to stock dividends issued subsequent to the date of the Trust Agreement, the “Trust Shares”); and

The shareholders constituting the holders of Trust Certificates representing not less than 85% of the Trust Shares wish to extend the term of the Trust Agreement, on the terms and conditions set forth therein, for an additional two (2) years from January 31, 2019.

NOW, THEREFORE, each Shareholder of the Company who becomes a party hereto agrees with each of the other such Shareholders for himself and his heirs, administrators, successors and assigns as follows:

1.    EXTENSION OF TRUST AGREEMENT. The Trust Agreement shall be extended, unless sooner terminated on the terms and conditions set forth therein, to January 31, 2021, upon the occurrence prior to January 31, 2019 of the earlier of either:

(a) the execution of this Agreement by the holders of not less than 1,546,723 shares of Common Stock of the Company, such number representing not less than 85% of the Trust Shares,

Or

(b) the presentation to the Company of a certificate signed by the Secretary of the meeting, certifying that at a meeting duly called and held for the purpose of considering an extension, at a place in Cuyahoga County, Ohio, specified in a notice given either by the Trustees or a Trust Certificate holder, not less than ten (10) nor more than thirty (30)days prior to such meeting to each Trust Certificate holder under the Trust Agreement, the holders of Trust Certificates representing not less than 85% of the Trust Shares voted in favor of this extension.

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2.    DEFINED TERMS. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Trust Agreement.

3.    EXECUTION. This Extension Agreement may be executed in any number of counterparts, each of which, when executed, shall be deemed to be an original and all of which together shall constitute but one and the same instrument. This Extension Agreement shall inure to the benefit of, and be binding upon, all persons executing it and their respective heirs, executors, administrators, legatees and assigns.

IN WITNESS WHEREOF, the Trustees have executed and delivered this Extension Agreement and the Shareholders have become parties hereto in the manner herein before provided.

TRUSTEES:

 

/s/ Janice G. Carlson
Janice G. Carlson

 

 

/s/ Charles H. Smith, III
Charles H. Smith, III

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VOTING TRUST EXTENSION AGREEMENT

TO JANUARY 31, 2021

 

SHAREHOLDER    NUMBER OF SHARES    SIGNATURE    DATE

Jeffrey Gotschall

   219,323   

/s/ Jeffrey Gotschall

   10/11/18

Dianne Gotschall

   400   

/s/ Dianne Gotschall

   10/11/18

Judith Gotschall

   29,715   

/s/ Judith Gotschall

   10/12/18

Andrew Gotschall

   29,715   

/s/ Andrew Gotschall

   10/11/18

Andrew Gotschall custodian for:

Addison Gotschall

   700   

/s/ Andrew Gotschall

   10/11/18

Charles Gotschall

   29,715   

/s/ Charles Gotschall

   12/10/18

Craig Ramsey

   27,240   

/s/ Craig Ramsey

   10/12/18

Alison Weston

   27,240   

/s/ Alison Weston

   10/12/18

 

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VOTING TRUST EXTENSION AGREEMENT

TO JANUARY 31, 2021

 

SHAREHOLDER    NUMBER OF SHARES    SIGNATURE    DATE

Janice Carlson

   177,174   

/s/ Janice Carlson

   11/11/18

Christie Lennen

   34,925   

/s/ Christie Lennen

   11/12/18

Christie Lennen custodian for:

Colton Lennen

   17,800   

/s/ Christie Lennen

   11/12/18

Christie Lennen custodian for:

Kelby Lennen

   6,400   

/s/ Christie Lennen

   11/12/18

David Fulcher

   31,075   

/s/ David Fulcher

   11/20/18

David Fulcher custodian for:

Jessica Fulcher

   17,500   

/s/ David Fulcher

   11/20/18

David Fulcher custodian for:

Alyssa Fulcher

   6,100   

/s/ David Fulcher

   11/20/18

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VOTING TRUST EXTENSION AGREEMENT

TO JANUARY 31, 2021

 

SHAREHOLDER    NUMBER OF SHARES    SIGNATURE    DATE

Laura Gifford

   187,818   

/s/ Laura Gifford

   11/21/18

Robert Gifford Jr.

   27,400   

/s/ Robert Gifford Jr.

   11/21/18

Terry Gifford

   28,200   

/s/ Terry Gifford

   11/21/18

CHS Foundation

Laura Gifford, Trustee

   913   

/s/ Laura Gifford

   11/21/18

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VOTING TRUST EXTENSION AGREEMENT

TO JANUARY 31, 2021

 

SHAREHOLDER    NUMBER OF SHARES    SIGNATURE    DATE

PNC, and its successors, as

trustee of the Rhea D. Smith Trust for the benefit of CH Smith III dated December 8, 1981 as amended and restated on September 16, 1989

By: Richard Mack

   121,678   

/s/ Richard Mack

   1/10/19

PNC, and its successors,

as trustee of the Charles H. Smith, Jr. Irrevocable Trust for the benefit of CH Smith III dated September 5, 1990.

By: Richard Mack

   57,067   

/s/ Richard Mack

   1/10/19

Charles Smith III

   43,766   

/s/ Charles Smith III

   1/5/19
Hilda Smith    10,000   

/s/ Hilda Smith

   1/12/19

Jennifer Woodhouse

   17,092   

/s/ Jennifer Woodhouse

   1/5/19

Jennifer Woodhouse

Custodian for Henry J. Woodhouse

   1,000   

/s/ Jennifer Woodhouse

   1/5/19

Jennifer Woodhouse

Custodian for Ethan M. Woodhouse

   1,000   

/s/ Jennifer Woodhouse

   1/5/19

C Jason Smith

   18,959   

/s/ C Jason Smith

   1/5/19

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VOTING TRUST EXTENSION AGREEMENT

TO JANUARY 31, 2021

 

SHAREHOLDER    NUMBER OF SHARES    SIGNATURE    DATE

PNC, and its successors, as

trustee of the Rhea D. Smith Trust for the benefit of D Dowell dated December 8, 1981 as amended and restated on September 16, 1989

By: Richard Mack

   121,678   

/s/ Richard Mack

   1/10/19

PNC, and its successors,

as trustee of the Charles H. Smith, Jr. Irrevocable Trust for the benefit of D Dowell dated September 5, 1990.

By: Richard Mack

   57,067   

/s/ Richard Mack

   1/10/19

Deborah Dowdell

   57,541   

/s/ Deborah Dowdell

   12/16/18
Ryan Morris    13,363   

/s/ Ryan Morris

   11/28/18

Ryan Morris custodian for:

Kaitlin Morris

   4,250   

/s/ Ryan Morris

   11/28/18

Ryan Morris custodian for:

Matthew Morris

   4,250   

/s/ Ryan Morris

   11/28/18

Ryan Morris custodian for:

Ashley Morris

   1,950   

/s/ Ryan Morris

   11/28/18

Adam Morris

   16,113   

/s/ Adam Morris

   12/15/18

Adam Morris custodian for:

Maksim Morris

   400   

/s/ Adam Morris

   12/15/18

Molly D Trappe

   14,863   

/s/ Molly D Trappe

   11/11/18

Molly D Trappe custodian for:

Taylor Trappe

   900   

/s/ Molly D Trappe

   11/11/18

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VOTING TRUST EXTENSION AGREEMENT

TO JANUARY 31, 2021

 

SHAREHOLDER    NUMBER OF SHARES    SIGNATURE    DATE

PNC, and its successors, as

trustee of the Charles H. Smith, Jr. Irrevocable Trust for the benefit of H Smith dated September 5, 1990.

By: Richard Mack

   57,068   

/s/ Richard Mack

   1/10/19

PNC, and its successors,

as trustee of the Rhea D. Smith Trust for the benefit of H Smith dated December 8, 1981 as amended and restated on September 16, 1989

By: Richard Mack

   121,678   

/s/ Richard Mack

   1/10/19

Hudson Smith

   66,820   

/s/ Hudson Smith

   12/7/18
Deborah Ann Smith    6,255   

/s/ Deborah Ann Smith

   12/7/18
Hudson Smith Jr    25,000   

/s/ Hudson Smith Jr

   12/8/18

Hudson Smith Jr custodian for:

Peyton Smith

   1,700   

/s/ Hudson Smith Jr

   12/8/18

Hudson Smith Jr custodian for:

Charlotte Smith

   1,700   

/s/ Hudson Smith Jr

   12/8/18

Hudson Smith Jr custodian for:

Whitney Smith

   1,700   

/s/ Hudson Smith Jr

   12/8/18
Cynthia R Champ    25,000   

/s/ Cynthia R Champ

   12/15/18

Cynthia R Champ custodian for:

Elise Day Champ

   1,700   

/s/ Cynthia R Champ

   12/15/18

Cynthia R Champ custodian for:

William Champ

   1,700   

/s/ Cynthia R Champ

   12/15/18

Cynthia R Champ custodian for:

Hudson Graham Champ

   1,700   

/s/ Cynthia R Champ

   12/15/18

C Halle Smith

   25,000   

/s/ C Halle Smith

   12/18/18

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