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Code of Ethics

Adopted February 21, 2011, Updated January 28, 2016

To Our Employees, Officers, and Directors:

Ethical business practices provide a critical foundation for our success and protect our reputation in the industry and community. Our corporate culture is based upon integrity in the manner in which we manage and operate Art’s-Way Manufacturing Co., Inc. (together with its subsidiaries, “Art’s-Way” or the “Company”). We place a high value on honesty, fair dealing and ethical business practice.

The following Code of Ethics (the “Code”) is designed to help you understand what we expect of our employees, officers, directors (collectively “Representatives”). It does not cover every ethical issue, but the basics are here to provide a general understanding. For employees and officers, compliance with the Code is a condition of employment. For directors, compliance with the Code is a condition of Art’s-Way’s continued retention of such directors. This Code supplements and does not replace or modify our other policies or procedures, including provisions of employee handbook(s) and other statements of policy or procedure issued from time to time.

Ethical behavior is everyone’s responsibility. We must:
  • Know and comply with the requirements and expectations that apply to our jobs, including compliance with this Code.
  • Promptly report suspected violations of the law or this Code.
  • Cooperate with any investigation of potential ethical or business conduct violations.
  • Seek assistance when we have questions about the Code or when faced with a challenging ethical situation.
  • Never act unethically or dishonestly, even if directed to do so by another person.
  • Never retaliate against an individual because that individual has reported a suspected violation of the Code.


If a potential course of action seems questionable, please seek guidance from your supervisor or one of the individuals identified under the heading “Compliance Contact Information.”

We encourage open communications regarding the Art’s-Way Code.

Carrie L. Majeski
President and Chief Executive Officer

On January 28, 2016, our Board of Directors updated our Code of Ethics to clarify that Company may host political candidates at its facilities if approved in advance by our Chairman and our Chief Executive Officer; elaborate on our policies and procedures for the receipt, retention and treatment of complaints received under the Code of Ethics; clarify Company expectations regarding Company representatives’ behavior in the workplace and external communications which may impact the Company; expand on certain sections of the Code of Ethics such as those pertaining to compliance with laws, including trade restrictions and export controls; and clarify certain administrative matters. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Code of Ethics as posted below.

Compliance with Laws and the Art’s-Way Code of Ethics

Administration of the Code

Accuracy of Company Records

Intellectual Property and Confidential Information

Securities Trading Policies

Conflicts of Interest

Political Contributions and Related Policies

Contact with Government Officials and Agents

Business Relationships

Fair Dealing with Competitors, Customers and Suppliers

Protection and Proper Use of Company Assets

Commitment to Quality and the Environment

Behavior in the Workplace

Accountability for Adherence to the Code

Reporting Any Suspected Illegal or Unethical Behavior

Compliance Contact Information

Public Disclosure of Code and Waivers

Coordination with Other Art’s-Way Policies


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