On June 20, 2022, the Board of Directors (the “Board”) of FreightCar America, Inc. (the “Company”) appointed José De Nigris Felán and Travis D. Kelly to the Board as Class I directors, effective June 20, 2022. In connection with these appointments, the Board increased its size to eight (8) directors. The initial term of Messrs.

De Nigris Felán's and Kelly's service on the Board will continue until the Company's 2024 annual meeting of stockholders in accordance with the Company's Bylaws. Currently, Mr. De Nigris Felán is the Executive Vice President of Katcon Global, a global supplier of exhaust and aftertreatment solutions to the automotive industry. Mr. De Nigris Felán has served as a board member of Katcon Global since 2000, and has held various positions since with its subsidiaries.

Mr. De Nigris Felán is the Director of Katcon Global, SA (Luxembourg) since 2009, the Director of Katcon Korea since 2016, and the Managing Director of Wendt Automotive GMBH (Germany) since 2018. Since December 2018, Mr. Kelly has served as the President and Chief Executive Officer of Isola Group LLC, a global material sciences company specialized in making laminate materials used to fabricate multilayer printed circuit boards. From 2007 to 2018, Mr. Kelly served as the Global Chief Operating Officer for Cerberus Capital Management, L.P. Prior to this, Mr. Kelly served numerous operating, financial, and strategic planning roles across several public and private capital raising manufacturing and industrial companies.

Messrs. De Nigris Felán and Kelly will each receive compensation for service to the Board in accordance with the Company's non-executive director compensation policy.