the Board of Directors of Watsco, Inc. appointed John Macdonald, as a Common stock director and nominated Mr. Macdonald to stand for election at the Company’s 2022 annual shareholder meeting for a term to expire at the Company’s 2024 annual meeting of shareholders. The Board additionally appointed Mr. Macdonald to serve on the Board’s Compensation Committee. Mr. Macdonald replaces George P. Sape, who resigned from the Board on October 6, 2021. Mr. Sape was elected by the holders of the Company’s Common stock, and his term was to expire at the Company’s 2024 annual meeting of shareholders. Mr. Sape’s resignation from the Board was not due to any disagreement with the Company, and Mr. Sape joined the Company’s Advisory Board effective October 11, 2021.
Watsco, Inc. is engaged in the distribution of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) with locations in the United States, Canada, Mexico, and Puerto Rico, and on an export basis to Latin America and the Caribbean. The Company sells products to the commercial refrigeration market, which include condensing units, compressors, evaporators, valves, refrigerants, walk-in coolers, and ice machines for industrial and commercial applications. It also sells a variety of non-equipment products including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats, and air quality products. It distributes products manufactured by Flexible Technologies, Inc. (Flexible Technologies), Resideo Technologies, Inc. (Resideo), Copeland Corporation, LLC, The Chemours Company (Chemours), Mueller Industries, Inc. (Mueller), and Welbilt, Inc. (Welbilt), among others. The Company operates in approximately 692 locations.
WATSCO, INC. 
