On January 24, 2023, Keith Meister and Corvex Management LP entered into a Cooperation Agreement with MDU Resources Group, Inc. Corvex Management stated that pursuant to the cooperation agreement, the Company agreed, among other things, to appoint James H. Gemmel to the board of directors of the Company, subject to the approval of the Federal Energy Regulatory Commission under the Federal Power Act. Corvex Management added that the cooperation agreement also provides that, prior to the receipt of the FERC Approval, James Gemmel would be appointed as a non-voting observer of the Board, effective immediately following the execution of the cooperation sgreement on January 24, 2023.