Franklin Cardenas served as Vice President of Kennametal and President of the Infrastructure segment from February 2020 until January 20, 2025, when he was succeeded by Faisal Hamadi, and remained employed until his separation on April 1, 2025. The company entered into a separation agreement with Mr. Cardenas in February 2025 providing his contractual benefits, a fiscal 2025 annual incentive payment and continued vesting of certain long-term incentive awards through August 15, 2025.