Armstrong Flooring Investor Presentation

October 31, 2022

Armstrong Flooring Announces Chief Financial Officer Transition

LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong Flooring (NYSE: AFI) (“the Company”) today announced the appointment of Gregory D. Waina as Interim Chief Financial Officer, effective June 29, 2020 Mr. Waina comes to Armstrong Flooring with extensive public company experience and has served as interim CFO and advisor to numerous management teams, boards and private equity firms on matters relating to corporate strategies. operations and financial initiatives. Mr. Waina has a proven track record of successfully executing plans that produce world-class productivity gains, and he has advised multiple business transformation efforts for major brands including The Wendy's Company, Hillenbrand, Inc., Red Roof Inn, Inc., DSW Shoe Warehouse and Express, Inc.

“Greg brings significant professional experience and we are delighted to have him join us and work with our finance team and our leadership during this important time of leadership transition and the continued evolution of our company,” said Michel. S. Vermette, President and Chief Executive Officer. Officer. I am confident he will provide excellent insight and perspective on our finances, strategy and execution for growth as we work to identify and appoint a permanent CFO.

Mr. Vermette continued, “We thank Doug for his contributions over his many years at Armstrong Flooring and wish him the best in his future endeavours.

These changes do not result from any matter relating to the Company's accounting practices or financial statements. These statements provide our future expectations or forecasts and can be identified by the use of words such as "anticipate", "estimate", "expect", "project", "intend", "plan", "believe". , 'outlook', 'target', 'predict', 'may', 'shall', 'would', 'could', 'should', 'seek' and other words or phrases of similar meaning in connection with any discussion of future operation or financial performance.

Armstrong Flooring Otcpk:Afii.Q Stock Report

March, 31st

Bernstein Liebhard LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Armstrong Flooring, Inc

The Western Division has approved the following announcement of a proposed class action settlement that would benefit purchasers of Armstrong Flooring, Inc. pursuant to Rule 23 of the Federal Rules of Civil Procedure and a court order of district of the United States for the Central District of California, that Court-appointed Lead Plaintiff, on behalf of itself and all members of the Proposed Settlement Class, and Defendant Armstrong Flooring have reached a proposed settlement of the claims in the above-noted class action (the "Action") in the amount of $3,750,000 (the "Settlement"). Courthouse, 350 W. 1st Street, Courtroom 8D, 8th Floor, Los Angeles, CA 90012 (the "Settlement Hearing") to, among other things, determine whether the Court should: (i) approve the proposed Settlement as fair, reasonable, and adequate; (ii) dismiss the action with prejudice as provided in the stipulation and settlement agreement, dated January 15, 2021; (iii) approve the proposed distribution plan for the distribution of settlement funds available for distribution to members of the settlement class (the “Net Settlement Fund”); and (iv) approve the Lead Counsel's request for fees and expenses.

Visit the company's website at: http://www.armstrongflooring.com

Armstrong Flooring, together with its subsidiaries, designs, manufactures, sources and sells resilient flooring products used in the construction and renovation of commercial, residential and institutional buildings in North America and the Pacific Rim. It sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management companies, landlords and others.