---
schema_version: "secwatch.filing_event.v1"
accession: "0000732417-23-000027"
form_type: "8-K"
ticker: "HBIA"
cik: "0000732417"
company_name: "HILLS BANCORPORATION"
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T01:00:31.957650+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Hills Bancorporation shareholders elect directors, approve say-on-pay and auditor

## Summary
- Four directors elected: Emily Hughes, Ann Marie Rhodes, James Schmitt, Lisa Shileny, each with >4.6M votes for.
- Non-binding advisory vote on executive compensation passed with 4.39M for vs 146K against.
- FORVIS LLP ratified as independent auditor with 4.98M for, 37K against, 290K abstain.
- Annual meeting held April 17, 2023; all proposals carried by wide margins.

## SEC filing metadata
- accession: 0000732417-23-000027
- form_type: 8-K
- ticker: HBIA
- cik: 0000732417
- company_name: HILLS BANCORPORATION
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732417/000073241723000027/0000732417-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732417/000073241723000027/hbia-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000732417-23-000027
- JSON: https://secwatch.observer/filing/0000732417-23-000027.json
- Plain text: https://secwatch.observer/filing/0000732417-23-000027.txt

## Key facts
- Shareholder Votes
  HILLS BANCORPORATION shareholders approved Non-Binding Advisory Vote on Executive Compensation at the 2023-04-17 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-04-17
  source text: Proposal 2 - Non-Binding Advisory Vote on Executive Compensation The shareholders approved executive compensation. For 4,388,178.79 Against 146,043.64 Abstain 392,534.46 Broker Non-Votes 381,448.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/732417/000073241723000027/0000732417-23-000027-index.htm
- Shareholder Votes
  HILLS BANCORPORATION shareholders approved Non-Binding Appointment of FORVIS LLP as the independent registered public accounting firm for Hills Bancorporation at the 2023-04-17 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-04-17
  source text: Proposal 3 - Non-Binding Appointment of FORVIS LLP as the independent registered public accounting firm for Hills Bancorporation For 4,980,327.37 Against 37,362.55 Abstain 290,514.97 Broker Non-Votes —
  evidence_url: https://www.sec.gov/Archives/edgar/data/732417/000073241723000027/0000732417-23-000027-index.htm
- Shareholder Votes
  HILLS BANCORPORATION shareholders approved Election of Directors at the 2023-04-17 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-04-17
  source text: Proposal 1 - Election of Directors The following individuals were elected to serve as directors to hold office until the 2026 annual meeting: For Withhold Authority Broker Non-Votes Emily A. Hughes 4,898,618.38 28,138.51 381,448.00 Ann Marie Rhodes 4,651,144.88 275,612.01 381,448.00 James C. Schmitt 4,798,476.64 128,280.25 381,448.00 Lisa A. Shileny 4,825,392.21 101,364.68 381,448.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/732417/000073241723000027/0000732417-23-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.