On February 2, 2015, Christopher J. Eperjesy, Vice President Finance, Chief Financial Officer, and Treasurer of Twin Disc, Incorporated informed the company that he will be resigning to pursue another opportunity. Mr. Eperjesy's resignation will be effective as of February 13, 2015. Mr. Eperjesy will remain with the company in a transitional capacity until the Effective Date.

Until the Chief Financial Officer and Treasurer positions can be filled permanently, Jeffrey S. Knutson, Corporate Controller and Secretary, will serve as Interim Chief Financial Officer and Interim Treasurer. As Corporate Controller, Mr. Knutson will retain his duties as the Company's principal accounting officer for the immediate future. Mr. Knutson, age 49, was appointed Corporate Secretary in June 2013, and has been Corporate Controller since his appointment in October 2005.

He joined the Company in February 2005 as Controller of North American Operations. Prior to joining the company, Mr. Knutson held Operational Controller positions with Tower Automotive (since August 2002) and Rexnord Corporation (since November 1998).