ChoiceOne Financial Services (COFS) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 21, 2025, will be held virtually, allowing shareholders to vote and participate online.

• Shareholders of record as of March 31, 2025, are eligible to vote on director elections, executive compensation, advisory vote frequency, and auditor ratification.

• Proxy materials and annual report are available online, and shareholders are encouraged to vote prior to the meeting.

Voting matters and shareholder proposals

• Shareholders will vote on the election of five directors, advisory approval of executive compensation, frequency of future say-on-pay votes (1, 2, or 3 years), and ratification of Plante & Moran, PLLC as independent auditors for 2025.

• Board recommends voting FOR all director nominees, FOR executive compensation, ONE YEAR for say-on-pay frequency, and FOR auditor ratification.

• Shareholder proposals for the 2026 meeting must be submitted by December 9, 2025, to be considered for inclusion.

Board of directors and corporate governance

• Board consists of 15 members divided into three classes, with a mandatory retirement age of 70.

• 13 of 15 directors are independent as defined by SEC and Nasdaq rules.

• Four standing committees: Audit, Governance and Nominating, Personnel and Benefits, and Risk, all composed of independent directors.

• Board leadership structure includes an independent Chairman and active risk oversight by the full board and committees.

• Directors are expected to own at least 5,000 shares of company stock within five years; all are in compliance.