SEC Filing Summary: Ames National Corp (8-K)
Business Context and Reporting Period
This Form 8-K Current Report was filed by Ames National Corporation on April 28, 2010, regarding events occurring at the Company's annual meeting of shareholders held on the same date. The filing details changes to the Board of Directors and the ratification of the independent auditor.
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 matters and does not contain financial performance data.
Material Changes
- Director Departure: Daniel L. Krieger retired as a Director effective April 28, 2010, concluding a term of service that began in 1978.
- Director Elections: Stockholders re-elected Larry A. Raymon, Frederick C. Samuelson, and Marvin J. Walter to the Board of Directors.
- Board Composition: The continuing directors following the meeting include Robert L. Cramer, Steven D. Forth, Douglas C. Gustafson, Betty A. Baudler Horras, Charles D. Jons, James R. Larson II, Warren R. Madden, and Thomas H. Pohlman.
- Auditor Ratification: Stockholders ratified the appointment of Clifton Gunderson LLP as the independent registered public accounting firm for 2010.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Voting Participation: Of the 9,432,915 shares entitled to vote, approximately 6.4 million votes were cast in favor of each director candidate, with minimal votes withheld (ranging from 10,138 to 14,528).
- Auditor Support: The ratification of Clifton Gunderson LLP received 7,783,797 votes "For" and 35,871 votes "Against," with zero abstentions.
- Leadership Continuity: The retirement of a long-serving director (Mr. Krieger) was offset by the re-election of three directors and the continuation of eight others, indicating stable board governance.