On June 7, 2022, Vikram S. Budhraja informed the Board of Directors (the “ Board”) of American Superconductor Corporation (the “ Company”) of his resignation from the Board, effective from June 10, 2022. On June 7, 2022, the Board elected two new directors, Laura A. Dambier and Margaret D. Klein, effective at the Effective Time. Ms. Dambier was also appointed to the Audit Committee of the Board (the “ Audit Committee”), effective as of the Effective Time.

Ms. Klein was also appointed to the Compensation Committee of the Board (the “ Compensation Committee”), effective as of the Effective Time. Neither Ms. Dambier nor Ms. Klein has any relationships or transactions with the Company that are required to be disclosed pursuant to Item 404(a) of Regulation S-K, nor are there any arrangements or understandings with other persons pursuant to which either was selected as a director.