AMES NATIONAL CORP 8-K
Research Summary
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Ames National Corp Reports Board Elections; Auditor Ratified
What Happened Ames National Corp (ATLO) filed a Form 8‑K on May 1, 2026, reporting the results of its annual meeting. Stockholders elected three directors to three‑year terms—Jeffery C. Baker, Patrick G. Hagan, and Amy F. Rieck—and approved, on an advisory basis, the company’s executive compensation disclosure (“say‑on‑pay”). Shareholders also ratified the selection of Forvis Mazars, LLP as Ames National’s independent registered public accounting firm for 2026.
Key Details
- Total shares entitled to vote: 8,857,220.
- Director election votes (In Favor / Withheld / Broker Non‑Votes):
- Jeffery C. Baker: 4,186,074 / 63,615 / 2,918,474
- Patrick G. Hagan: 4,207,316 / 42,373 / 2,918,474
- Amy F. Rieck: 4,219,521 / 30,168 / 2,918,474
- Advisory approval of executive compensation: For 4,193,678; Against 44,592; Abstain 11,419; Broker Non‑Votes 2,918,474.
- Ratification of auditor (Forvis Mazars, LLP): For 7,157,104; Against 9,779; Abstain 1,280 (no broker non‑votes).
- Directors remaining on the board after the meeting: Douglas W. Beals, Michelle R. Cassabaum, Lisa M. Eslinger, Everett S. Miles, John P. Nelson, John L. Pierschbacher, Kevin L. Swartz, and Scot A. Trost.
Why It Matters These results confirm board composition and governance continuity for Ames National through the elected directors’ three‑year terms. The advisory approval of executive compensation signals shareholder support for the company’s pay practices as disclosed in the proxy. Ratifying Forvis Mazars as the independent auditor establishes the firm responsible for Ames National’s financial audits and reporting for 2026—an important element for financial transparency and investor confidence.