Chris Martin Announces Retirement as C.E.O of Martin Guitars

Will remain as Chairman, following in the footsteps of his grandfather C.F. Martin III

Jackie Renner to retire as President

On July 16, C. F. Martin & Co. announced that an executive succession plan is being put in place for the
company. Christian Martin IV has decided that at the conclusion of his NAMM Chairmanship in July
2021, he will step into the role of Executive Chairman of C.F. Martin & Co. He will remain Chairman of
the Board and family ownership of the company will continue.

“I’ve spent over 40 years in my family business and what a ride it’s been,” said Chris Martin, Chairman
and CEO of C.F. Martin & Co., Inc. “Now I’ve reached the point where it’s time for me to move into the
role of Executive Chairman. I am confident in the current leadership team because I know they love the
company as much as I do and I will be working closely with them through this transition.”

Jacqueline Renner, President of C.F. Martin & Co. also announced her plans to retire on October 1, 2021.
She feels with Chris’ change, it is the right time for her to transition as well. She is committed to
working with Chris on a smooth executive transition process. “I have truly enjoyed working with Chris
and all our co-workers over the last five years to strengthen Martin Guitar. I look forward to continuing
to do so through the executive transition process. I appreciate Chris’ planned approach for a smooth
transition for the company which benefits our customers, co-workers and ultimately the musicians that
Martin Guitar seeks to inspire.”

“I am very grateful for the support and leadership that Jackie has shown as President over these past
five years.” said Chris.

Martin will be doing a search for a CEO-President who will embrace and augment our unique culture and
continue to enhance the Martin brand around the world. Hudson Gain Corporation has been retained to
conduct this search.