Exponent Issues Notice of Change in Location of Annual Stockholders’ Meeting to be Held on May 28, 2020 Due to COVID-19 (Virtual Meeting Format)

Provides Additional Information Regarding the 2020 Annual Meeting of Stockholders

MENLO PARK, Calif., May 06, 2020 (GLOBE NEWSWIRE) -- Exponent, Inc. (Nasdaq:EXPO) today announced that due to current shelter in place orders in the San Francisco Bay Area and public health concerns regarding the COVID-19 pandemic and the welfare of our stockholders, employees, and other stakeholders, Exponent has decided to forego for this year the physical location of the 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”) to be held at 149 Commonwealth Drive, Menlo Park, California in favor of a virtual meeting format only, consistent with the proxy statement that we previously filed in respect of the 2020 Annual Meeting. The 2020 Annual Meeting will still be held at 8:00 a.m. Pacific Time on May 28, 2020.

As there will not be a physical location, stockholders will not be able to vote their shares in person at the 2020 Annual Meeting. The only way for stockholders to vote their shares is to submit a proxy in advance of the meeting using one of the methods described in the proxy materials for the 2020 Annual Meeting or to attend the meeting virtually per the instructions below.

We are committed to ensuring, to the extent possible, that stockholders will be afforded the ability to participate at the virtual meeting like they would at an in-person meeting. If you were a stockholder of record as of the close of business on April 1, 2020, the record date, or hold a legal proxy for the meeting provided by your bank, broker or nominee, you are entitled to participate in the 2020 Annual Meeting, vote electronically and submit questions during the live webcast of the meeting by visiting www.meetingcenter.io/222060672 and entering your control number and the password, EXPO2020.

To be admitted to the 2020 Annual Meeting as a “stockholder” (with the option to vote your shares, examine the stockholder list and submit questions during the meeting), you must follow specific instructions, including, for stockholders of record, entering the control number you previously received and, for beneficial owners, obtaining a legal proxy and registering in advance for the virtual meeting.

If you are a beneficial owner and hold your shares through an intermediary, such as a bank, broker or nominee, you must register in advance to participate in the 2020 Annual Meeting, vote electronically and submit questions during the live webcast of the meeting. To register in advance, you must obtain a legal proxy from the bank, broker or other nominee that holds your shares giving you the right to vote the shares. You must forward a copy of the legal proxy along with your email address to Computershare Trust Company, N.A. (“Computershare”). Requests for registration should be directed to Computershare by email at [e-mail] no later than 5:00 p.m. Eastern Time, on Monday, May 25, 2020. You will receive a confirmation of your registration and instructions on how to attend the meeting by email after Computershare receives your registration materials.