Ayear ago, when I sat down to write this letter for our 2021 Year in Review, I hadn't seen many of you in person for more than a year. I also hadn't met most of you who started working for Morrison-Maierle since the pandemic began. Besides the occasional Teams meeting, we kept our company going via video calls, emails, and file-sharing platforms like the rest of the world.

I'm happy to say that this year's circumstances are very different.

In 2022, we held our first in-person employee-owner meeting since 2019, the year before the pandemic began. Our planning committee created the event around one word for our activities, speakers, and events. "Connection" was a perfect choice.

For nearly two days last spring, I got to "connect" or "reconnect" with just about all of you who attended the meeting. We resumed some of our annual meeting traditions, such as the Project Showcase and ESOP vesting ceremony, while taking on some new engagement activities within our market groups and business units. I am grateful for the time we had together and am looking forward to our 2023 event in April.

To say that with this event, we picked up where we left off before the pandemic is untrue. While we remained focused on our Core Purpose and Core Values—and relied heavily on them throughout the last three years—we are a changed company. We have come to embrace hybrid work, as we'll talk more about later, we now track firmwide progress on key metrics with a Balanced Scorecard, and we have launched several new initiatives, to share a few.

We are changed because the business has changed.

In 2022 we welcomed 10 colleagues into new leadership positions. We are grateful to Eric Webber, Jeff Feck, Lukash Pruss, Riley Olson, Shawn Evilsizor, Thad McGrail, Chuck Davis, Craig Nowak, Kim Longenecker, and Zane Green for accepting new roles within the firm. I know I speak for us all by saying how excited we are to participate in and support their success.

For the first time in the company's history, we were selected as the Intermountain Design Firm of the Year by Engineering News-Record because of our "steadfast commitment to excellent design in a broad reach of specialties." At the same time, our former CEO Bob Morrison received his ENR Legacy Award for his "lifetime legacy of service, both to the AEC industry and to his community." The firm was also honored with an award from PSMJ for client experience. The firm was again honored with an award from PSMJ for client experience, and our colleagues at Systems once more earned their way onto the Channel Future MSP 501 list.

We celebrate the accolades earned by the employee-owner teams involved in this year's ACEC Engineering Excellence Awards, the Missoula Public Library, and the American Indian Hall. For these projects, and for all the ways we gave back to our communities through design, know that every project expresses our core purpose to create solutions that build better communities.

On that note, it's essential to share how we help fulfill that core purpose by giving back to our communities in other ways. Community support is central to our identity as a firm. In 2022, Morrison-Maierle donated 4% of our net operating profit back to our communities through a combination of cash donations and compensated time—a figure that we aim to increase in future years.

2023 will see us tackle new initiatives even as we build on our accomplishments from 2022. With our Clarity '25 Strategic Plan serving as our guide, this year we continue to implement selected change initiatives to evolve and improve our business, and seek to grow the firm through organic and strategic growth opportunities.

• “Our aim is to ensure we continue to pay competitive salaries, and industry leading total owner rewards.”

We also continue to monitor and adjust to the challenges of inflation, looming recession and tight labor markets in our communities. Our aim is to ensure we continue to pay competitive salaries, and industry leading total owner rewards. We are excited about our new incentive compensation program that returns all earnings in excess of business needs to employee-owners. In addition, where flexibility allows and it makes business sense, many of you now have hybrid work schedules. Open to new ways of meeting our client's needs, we have also hired some new colleagues who work remotely full-time.

As 2023 progresses, we will keep you updated on financial performance, business decisions, and everything related to being an employee-owner at Morrison-Maierle. I look forward to continuing our office visits to meet you in person, hear about your work, and listen to your thoughts and ideas.

I appreciate the energy, professionalism, time, mindset and dedication you bring to work every day as employee-owners that makes Morrison-Maierle what it is today. Here's to another great year.

Scott