Business Context and Reporting Period
This Form 8-K reports on the annual meeting of shareholders for AMES NATIONAL CORP held on April 27, 2022. 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 are reported in this document. The primary events are the successful election of directors and the ratification of the auditor.
Guidance, Outlook, and Voting Results
Shareholder Voting Overview: There were 9,092,167 shares of common stock entitled to vote at the annual meeting.
Proposal 1: Election of Directors
- Three-Year Term: David W. Benson, Michelle R. Cassabaum, John P. Nelson, and Kevin L. Swartz were elected.
- One-Year Term: Jeffery C. Baker was elected.
- Continuing Directors: Betty A. Baudler Horras, Lisa M. Eslinger, Steven D. Forth, Patrick G. Hagan, James R. Larson II, John L. Pierschbacher, and Thomas H. Pohlman.
Proposal 2: Ratification of Auditor
Shareholders ratified the appointment of CliftonLarsonAllen LLP as the independent registered public accounting firm for 2022.
| Proposal | For | Against | Abstain/Withheld | Broker Non-Votes |
|---|---|---|---|---|
| Director Election (3-Year Term) | Varied (3.6M - 3.7M) | Varied (29K - 160K) | N/A | 2,974,882 |
| Director Election (1-Year Term) | 3,749,992 | 25,621 | N/A | 2,974,882 |
| Auditor Ratification | 6,711,766 | 28,317 | 10,412 | 0 |
Investor Verification Checklist
- Verify the composition of the Board of Directors following the April 27, 2022, election.
- Confirm the engagement of CliftonLarsonAllen LLP for the 2022 fiscal year.
- Review the number of broker non-votes (2,974,882) to understand the level of institutional participation in director elections.
- Check subsequent filings (e.g., 10-K or 10-Q) for financial performance data, as this 8-K contains no financial metrics.