On May 17, 2024, Amy B. Schwetz, a member of the Board of Directors of Dril-Quip, Inc. and chair of the Audit Committee notified the company of her intention to resign, effective immediately, from the Board. Ms. Schwetz was also a member of the Board?s Nominating and Corporate Governance Committee and Compensation Committee. Ms. Schwetz?s decision to resign is not as a result of any disagreement with the company on any matter relating to its operations, policies or practices.

The Board has commenced a search for an additional independent director to fill the vacancy resulting from Ms. Schwetz?s resignation, and John V. Lovoi, a current member of the Board, has been elected as chair of the audit committee.