Business Context and Reporting Period
This Form 8-K reports on the annual meeting of shareholders for AMES NATIONAL CORP held on April 27, 2016. The filing details the election of directors and the ratification of the independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes
No material financial changes or operational updates are disclosed in this filing. The document serves to disclose the outcomes of shareholder votes.
Guidance, Outlook, and Management Commentary
There is no guidance, outlook, or management commentary regarding future financial performance in this filing. The report confirms the following governance actions:
- Director Elections: David W. Benson, John P. Nelson, Richard O. Parker, and Kevin L. Swartz were elected to the Board of Directors for a three-year term.
- Continuing Directors: Lisa M. Eslinger, Steven D. Forth, Douglas C. Gustafson DVM, Betty A. Baudler Horras, James R. Larson II, and Thomas H. Pohlman continued their terms.
- Accounting Firm: Stockholders ratified the appointment of CliftonLarsonAllen LLP as the independent registered public accounting firm for 2016.
Shareholder Voting Results
Total shares entitled to vote: 9,310,913.
| Proposal | For / In Favor | Against / Withheld | Abstain / Non-Votes |
|---|---|---|---|
| Election of Directors (All 4 nominees) | ~3.96M - 4.01M | ~120K - 172K | 2,008,382 (Broker Non-Votes) |
| Ratification of Auditor | 6,115,489 | 6,221 | 15,543 |
Important Facts for Investors to Verify
- Confirm the full composition of the Board of Directors following the election of the four new members.
- Verify the engagement letter and scope of work with CliftonLarsonAllen LLP for the 2016 fiscal year.
- Review the company's most recent 10-K or 10-Q for financial performance data, as this 8-K contains no financial metrics.