AMES NATIONAL CORPORATION (NASDAQ:ATLO) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Shareholders
The Companys annual meeting of shareholders was held on April 26,
2017.
Proposal 1.The stockholders elected to the
Companys Board of Directors for a term of three years were Betty
A. Baudler Horras, Patrick G. Hagan and Thomas H. Pohlman.
Directors whose term of office continued after the annual meeting
consist of David W. Benson, Lisa M. Eslinger, Steven D. Forth,
James R. Larson II, John P. Nelson, Richard O. Parker and Kevin
L. Swartz.
Proposal 2.The stockholders approved, on an
advisory basis, the compensation of the Companys named
executives, as disclosed in the Compensation Discussion and
Analysis, the compensation tables and related narrative
disclosure in the Companys proxy statement for the annual
meeting.
Proposal 3.The stockholders voted for a three
year advisory vote on executive compensation.
Proposal 4.The stockholders also ratified the
appointment of CliftonLarsonAllen LLP to continue as the Companys
independent registered public accounting firm for 2017.
There were 9,310,913 shares of common stock entitled to vote at
the annual meeting. The final voting results of each proposal are
set forth below.
Proposal 1.The voting results on the election of
directors for a three year term were as follows:
| In Favor |
Votes Withheld |
Broker Non-Votes |
|
|
Betty A. Baudler Horras |
3,819,806 | 133,352 | 2,452,279 |
|
Patrick G. Hagan |
3,831,419 | 121,739 | 2,452,279 |
|
Thomas H. Pohlman |
3,831,419 | 121,739 | 2,452,279 |
Proposal 2.The voting results on the shareholder
approval, on an advisory basis, of executive compensation were as
follows:
|
For |
Against | Abstain |
Broker Non-Votes |
|
3,870,802 |
73,138 |
9,218 |
2,452,279 |
Proposal 3.The voting results on the frequency
of advisory vote on executive compensation were as follows:
|
One Year |
Two Years | Three Years | Abstain |
Broker Non-Votes |
|
1,497,838 |
25,147 |
2,425,887 |
4,286 |
2,452,279 |
Proposal 4.The voting results on the
ratification of the appointment of CliftonLarsonAllen LLP as the
Companys independent registered public accounting firm were as
follows:
| For | Against | Abstain | |
|
6,385,550 |
11,171 |
8,716 |
There were no broker non-votes on this proposal.
About AMES NATIONAL CORPORATION (NASDAQ:ATLO)
Ames National Corporation is a bank holding company for five community banks. The Company operates through banking segment. The Company owns approximately 100% of the stock of over five banking subsidiaries consisting of approximately two national banks and over three state-chartered banks. All of the Company’s operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located. The Banks offer a range of deposit services, including checking accounts, savings accounts and time deposits of various types, ranging from money market accounts to longer-term certificates of deposit. The Banks also offer retirement accounts, such as individual retirement accounts (IRAs). The Banks provide financial products, such as Internet banking and trust services for customers and communities. AMES NATIONAL CORPORATION (NASDAQ:ATLO) Recent Trading Information
AMES NATIONAL CORPORATION (NASDAQ:ATLO) closed its last trading session up +0.12 at 31.70 with 10,520 shares trading hands.