false 0001132651 0001132651 2025-02-12 2025-02-12
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
February 12, 2025
Date of Report (Date of Earliest Event Reported)
 
AMES NATIONAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
 
Iowa 0-32637 42-1039071
(State or Other Jurisdiction of
Incorporation or Organization)
 (Commission File Number)
(I.R.S. Employer
Identification No.)
                                                               
323 SIXTH STREET
Ames, Iowa 50010
(Address of Principal Executive Offices) (Zip Code)
 
Registrant’s Telephone Number, Including Area Code: (515) 232-6251
 
NOT APPLICABLE
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol
Name of each exchange on which registered
Common stock
ATLO
NASDAQ Capital Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
Emerging growth company ☐
 
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 7.01 Regulation FD Disclosure
 
For the benefit of its investors, the Company hereby furnishes the attached 2024 Summary Annual Report as Exhibit 99.1.
 
The information furnished in this item of this Form 8-K, and the related exhibit, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
 
Item 8.01 Other Events
 
On February 12, 2025, the Company announced the declaration of a cash dividend and nominees to stand for election to the Board of Directors at the Annual Meeting of Shareholders scheduled for April 30, 2025. A copy of the press release dated February 14, 2025 is attached as Exhibit 99.2.
 
Item 9.01 Financial Statement and Exhibits
 
 
(d)
The following exhibits are furnished as part of this Report.
 
Exhibit No. Description
99.1 2024 Summary Annual Report
99.2 News Release dated February 14, 2025
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
                                    
 
 
 
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: February 14, 2025
By:
/s/ John P. Nelson
John P. Nelson, President
(Principal Executive Officer)
 
 
 

Exhibit 99.1

 

 

 

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PRESS RELEASE                                                                             Exhibit 99.2

 

 

 

FOR IMMEDIATE RELEASE

CONTACT:

JOHN P. NELSON,
   

PRESIDENT
   

(515) 232-6251

 

 

February 14, 2025

 

AMES NATIONAL CORPORATION DECLARED CASH DIVIDEND AND ANNOUNCED NOMINEES FOR THE BOARD OF DIRECTORS IN 2025

 

 

AMES, IOWA – On February 12, 2025, the Board of Directors of Ames National Corporation (the “Company”) declared a cash dividend of $0.20 per common share. The dividend is payable June 13, 2025, to shareholders of record at the close of business on May 30, 2025. The quarterly dividend will be paid a month later than usual. Previously, dividends were typically declared in one quarter and paid in the subsequent quarter. Going forward, the Company expects, subject to the discretion of the Board of Directors, to declare and pay dividends in the same quarter, except that the Company intends to defer a decision on declaring a cash dividend in the second quarter of 2025.

 

The Company also announced four nominees to stand for election to the Board of Directors at the upcoming Annual Meeting of Shareholders scheduled for April 30, 2025. The nominees for a three-year term are Michelle R. Cassabaum, John P. Nelson and Kevin L. Swartz each of whom is currently serving as a director and is standing for re-election to the Board and Douglas W. Beals, who has not previously served as a director of the Company.

 

This press release is not a solicitation of proxies from holders of common stock of the Company. The Company will provide shareholders with a proxy statement and related materials in connection with the 2025 Annual Meeting of Shareholders. Any solicitation of proxies by or on behalf of the Company in connection with the 2025 Annual Meeting of Shareholders will be conducted upon and following the dissemination of the proxy statement and other materials in accordance with applicable law.

 

Ames National Corporation is listed on the NASDAQ Capital Market under the ticker symbol, ATLO. The Company’s affiliate banks include: First National Bank, Ames, Iowa; Boone Bank & Trust Co., Boone, Iowa; State Bank & Trust Co., Nevada, Iowa; Iowa State Savings Bank, Creston, Iowa; Reliance State Bank, Story City, Iowa; and United Bank & Trust Co., Marshalltown, Iowa. Additional information about the Company can be found at www.amesnational.com.

 

 

 
v3.25.0.1
Document And Entity Information
Feb. 12, 2025
Document Information [Line Items]  
Entity, Registrant Name AMES NATIONAL CORPORATION
Document, Type 8-K
Document, Period End Date Feb. 12, 2025
Entity, Incorporation, State or Country Code IA
Entity, File Number 0-32637
Entity, Tax Identification Number 42-1039071
Entity, Address, Address Line One 323 SIXTH STREET
Entity, Address, City or Town Ames
Entity, Address, State or Province IA
Entity, Address, Postal Zip Code 50010
City Area Code 515
Local Phone Number 232-6251
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock
Trading Symbol ATLO
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001132651
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