Vontier Corporation announced that in connection with the distribution of 80.1% of Vontier’s outstanding common stock held by Fortive to holders of Fortive’s common stock (other than fractional shares, which will be aggregated and sold into the public market and the proceeds distributed to holders of Fortive’s common stock) (the “Distribution”), effective immediately prior to the commencement of “when-issued” trading of Vontier’s common stock on the New York Stock Exchange (the “NYSE”) on September 24, 2020, the size of the Board of Directors of Vontier (the “Board”) was increased from one to two members, the Board established the Audit Committee of the Board (the “Audit Committee”), and Karen C. Francis was appointed as the Chair of the Board and the sole member of the Audit Committee. The Board determined that Ms. Francis meets the independence standards for service on the Audit Committee and that Ms. Francis is financially literate, as required by Section 303A.07 of the NYSE Rules.