ATLO · Ames National Corporation

The annual shareholder meeting resulted in routine governance outcomes with high levels of support for all proposals, reinforcing board continuity and audit firm stability. The election of three new directors expands the board to 11 members, with eight incumbents continuing their service — suggesting no contested election or significant turnover. The overwhelming approval of executive compensation (98.5% of votes cast) signals investor confidence in the compensation structure disclosed in the proxy statement, though the advisory nature means it is non-binding. Ratification of Forvis Mazars, LLP received near-unanimous support (99.9% of votes cast) and notably had zero broker non-votes, distinguishing it from the director and compensation proposals where broker non-votes represented 32.9% of total entitled shares — a structural feature of NYSE-listed banks where brokers lack discretionary authority on these matters. No dissenting shareholder proposals, say-on-frequency votes, or governance changes were disclosed, confirming the meeting served its standard annual oversight function without material controversy or strategic inflection.