On December 14, 2016, Curt Kroll notified Katy Industries, Inc. (the “Company”) of his intention to resign as the Company’s chief financial officer and treasurer (and any other positions he holds with the Company or its subsidiaries) to pursue other interests, effective as of January 13, 2017 (the “Effective Date”). The Company has commenced a process to identify and retain a successor to Mr. Kroll. Mr. Kroll advised the Company that, following the Effective Date, he will assist the Company, on a consulting basis (and otherwise upon such terms as he and the Company shall mutually agree), in the transition of his functions to a successor, until March 31, 2017 or such earlier date as such transition has been completed.

About Katy Industries, Inc. (OTCMKTS:KATY)

Katy Industries, Inc. is a manufacturer, importer and distributor of commercial cleaning and consumer storage products, as well as a contract manufacturer of structural foam products. The Company’s subsidiary is Continental Commercial Products, LLC, which includes four business units: Continental, Wilen, Contico and Fort Wayne Plastics. The Continental business unit is a plastics manufacturer and an importer and distributor of products for the commercial janitorial/sanitary maintenance, industrial and foodservice markets. The Wilen business unit is a manufacturer, importer and distributor of cleaning products that include mops, brooms and sweeps, poles and handles, microfiber, brushes and plastic cleaning accessories. The Contico business unit is a plastics manufacturer and distributor of garage, shelving, tool and other home storage products. The Fort Wayne Plastics business unit is a contract manufacturer for various original equipment manufacturers.

Katy Industries, Inc. (OTCMKTS:KATY) Recent Trading Information

Katy Industries, Inc. (OTCMKTS:KATY) closed its last trading session up +0.070 at 0.400 with 9,000 shares trading hands.