HILLS BANCORPORATION 8-K

What Happened
Hills Bancorporation (HBIA) filed a Form 8-K on April 24, 2026 announcing that, effective April 20, 2026, three directors — Michael E. Hodge, Ann Marie Rhodes, and Thomas R. Wiele — retired from the company's Board of Directors. The retirements occurred in accordance with the Board’s director retirement policy that provides for retirement as of the date of the Annual Meeting following a director’s attainment of age 72. The report was signed by Lisa A. Shileny, Director, President and Chief Executive Officer.

Key Details

• Effective date of retirements: April 20, 2026.
• Directors who retired: Michael E. Hodge; Ann Marie Rhodes; Thomas R. Wiele.
• Reason given: retirement per Board policy tied to reaching age 72 at the date of the Annual Meeting.
• 8-K filing date: April 24, 2026; no appointments or compensatory arrangements were reported in this filing.

Why It Matters
Changes to the board alter Hills Bancorporation’s governance composition. For investors, board retirements can affect oversight, continuity, and the mix of experience among directors. This 8-K does not disclose replacements; investors should watch for subsequent filings or proxy materials that identify new director nominations or elections.