Ames National (ATLO) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for April 29, 2026, with shareholders voting on three key proposals: election of directors, advisory approval of executive compensation, and ratification of the external auditor for 2026.

• Shareholders can vote via internet, mail, or in person, with proxy materials primarily distributed electronically to reduce costs.

• The board recommends voting in favor of all proposals and emphasizes the importance of shareholder participation.

Voting matters and shareholder proposals

• Three proposals: elect three directors for three-year terms, advisory vote on executive compensation, and ratification of Forvis Mazars, LLP as auditor.

• Board unanimously recommends voting “FOR” all proposals.

• Shareholder proposals for the 2027 meeting must be submitted by November 13, 2026, following SEC and bylaw requirements.

Board of directors and corporate governance

• Board consists of eleven directors, divided into three staggered classes; majority are independent per NASDAQ standards.

• Board committees include Audit, Personnel, Nominating, and Risk Management, each with defined charters and independent membership.

• Directors are evaluated on business experience, community involvement, and compliance with age limits; diversity is considered but not formally required.

• Leadership is separated between CEO and Chairman roles.

• Directors are encouraged to attend annual meetings and communicate with shareholders.