Mesa Laboratories, Inc. ("Mesa" or the "Company") has announced the departure of Gary Owens as President and Chief Executive Officer, effective on or about April 13, 2026. This decision comes as part of a planned transition, with Owens set to remain with the Company in a non-executive capacity until June 22, 2026, to facilitate the transition to his successor. The Company has entered into a Retention and Transition Agreement with Owens, which outlines the terms of his departure and the severance benefits he will receive. Under this agreement, Owens will be entitled to severance pay and benefits associated with a "without cause" termination, as well as a pro-rated portion of his performance stock unit award. Importantly, his resignation from the Board of Directors is not due to any disagreement with the Company. This leadership change may have implications for the Company's strategic direction and operational execution, but it is not expected to have a significant immediate impact on liquidity or financing terms.

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