On March 18, 2014, Materion Corporation entered into a letter agreement with GAMCO Asset Management Inc. relating to the election of directors of the Company at its 2014 annual meeting of shareholders. Pursuant to the agreement, the Company has agreed that it will nominate Edward F. Crawford, one of the individuals identified in the notice delivered to the Company by GAMCO, for election as a director of the Company along with current incumbent directors: Joseph P. Keithley, N. Mohan Reddy and Craig S. Shular. Pursuant to the Agreement, GAMCO has withdrawn its nominations and the notice and has agreed that it and its affiliates and associates will vote all common shares of the Company that they are entitled to vote at the 2014 annual meeting in favor of the election of each of the nominees at the 2014 annual meeting.