CHART INDUSTRIES INC

Chart Industries and Baker Hughes are in discussions with the European Commission regarding potential commitments to secure clearance for their merger. These commitments are not expected to materially impact the commercial rationale or benefits of the merger. Chart continues to expect the merger to close in July 2026, subject to EC approval and customary closing conditions.

Chart Industries, Baker Hughes Company, and Jillian C. Evanko entered into an amendment to the Senior Advisor Agreement, originally dated November 16, 2025. This amendment, effective June 15, 2026, establishes a termination date for Ms. Evanko's services as Senior Advisor and specifies a fixed fee for these services. It also includes other mutual agreements among the parties related to the arrangement.

Chart Industries and Baker Hughes have completed their pre-notification process with the European Commission (EC) regarding their previously announced merger. Baker Hughes filed a Form CO with the EC on May 21, 2026, which initiates the EC's Phase I review period. Based on the prescribed timelines and subject to all necessary regulatory approvals, Chart expects the merger to close in July 2026.

Chart Industries' proposed merger with Baker Hughes Company is progressing, with shareholder approval secured and the transaction expected to close, subject to regulatory conditions. For the first quarter of 2026, Chart Industries reported a net loss of $(17.1) million, a significant decline from a net income of $49.5 million in the prior year. Sales also decreased by 11.65% year-over-year to $884.8 million.