Employment and Transition Agreement for Steven D. Gackenbach

Matthews International Corporation has entered into an Employment and Transition Agreement with Steven D. Gackenbach, effective April 8, 2026. Mr. Gackenbach will continue as Group President, Memorialization full-time until September 30, 2026. From October 1, 2026, to January 2, 2028, he will serve as a part-time Senior Advisor, working 20 hours per week. He retains the option to retire during the Advisor Period, transitioning to a consultant role for at least two years. His annual base salary of $562,500 will be reduced by 50% starting October 1, 2026. He remains eligible for an annual bonus with a 60% target opportunity and will continue to be eligible for restricted stock unit awards. The agreement includes provisions for change in control, benefits, expenses, and customary clauses regarding termination, confidentiality, non-solicitation, non-competition, and non-disparagement. The agreement supersedes previous arrangements, except for those governing Management Incentives, Change in Control, and Restricted Share Units.