AMES NATIONAL CORP Announces Executive and Director Changes
Ticker: ATLO · Form: 8-K · Filed: May 9, 2024 · CIK: 1132651
| Field | Detail |
|---|---|
| Company | Ames National CORP (ATLO) |
| Form Type | 8-K |
| Filed Date | May 9, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, governance
TL;DR
AMES NATIONAL CORP shakes up board and exec team, effective May 8.
AI Summary
AMES NATIONAL CORPORATION announced on May 8, 2024, changes in its executive and director roles. The company elected new directors and appointed new officers, alongside adjustments to compensatory arrangements for certain officers. These changes are effective as of the reporting date.
Why It Matters
Changes in key leadership positions can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes without immediate financial implications.
Key Players & Entities
- AMES NATIONAL CORPORATION (company) — Registrant
- May 8, 2024 (date) — Date of Earliest Event Reported
FAQ
What specific roles were affected by the executive and director changes?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' but does not specify the exact roles within this 8-K filing.
When were these changes effective?
The changes reported in this 8-K filing were effective as of May 8, 2024, the date of the earliest event reported.
Are there any details on new compensatory arrangements?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of disclosure, but the specific details of these arrangements are not provided in the summary text of the 8-K.
What is AMES NATIONAL CORPORATION's primary business?
AMES NATIONAL CORPORATION operates in the 'NATIONAL COMMERCIAL BANKS' sector, as indicated by its Standard Industrial Classification code 6021.
Where is AMES NATIONAL CORPORATION headquartered?
AMES NATIONAL CORPORATION is headquartered in Ames, Iowa, with its business address listed as 405 Fifth Street, Ames, Iowa 50010.
Filing Stats: 1,009 words · 4 min read · ~3 pages · Grade level 16 · Accepted 2024-05-09 16:31:01
Filing Documents
- atlo20240509_8k.htm (8-K) — 31KB
- ex_671088.htm (EX-10.1) — 35KB
- ex_671089.htm (EX-99.1) — 4KB
- 0001437749-24-015700.txt ( ) — 209KB
- atlo-20240508.xsd (EX-101.SCH) — 3KB
- atlo-20240508_def.xml (EX-101.DEF) — 11KB
- atlo-20240508_lab.xml (EX-101.LAB) — 15KB
- atlo-20240508_pre.xml (EX-101.PRE) — 11KB
- atlo20240509_8k_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On May 8, 2024, the Company announced the declaration of a cash dividend. A copy of the press release dated May 9, 2024 is attached as Exhibit 99.1.
01 Financial Statement and Exhibits
Item 9.01 Financial Statement and Exhibits (d) The following exhibits are furnished as part of this Report. Exhibit No. Description 10.1 Management Incentive Compensation Plan, as amended 99.1 News Release dated May 9, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. AMES NATIONAL CORPORATION Date: May 9, 2024 By: /s/ John P. Nelson John P. Nelson, Chief Executive Officer and President (Principal Executive Officer)