Ames National announces CFO retirement, new CFO, $0.27 dividend, and share buyback

AMES NATIONAL CORP

CFO John L. Pierschbacher to retire July 5, 2024; Justin C. Clausen appointed as successor.
Michael A. Wilson appointed EVP & Chief Lending Officer effective November 9, 2023.
Cash dividend of $0.27 per share declared, payable Feb 15, 2024 to holders of record Feb 1, 2024.
Stock repurchase program authorized for up to 100,000 shares (~1.1% of outstanding) through Nov 13, 2024.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Justin C. Clausen

Chief Financial Officer

ATLO · AMES NATIONAL CORP

Effective: 2024-07-05
Filed: November 9, 2023, 6:59 PM ET

On November 8, 2023, Justin C. Clausen (age 36), who currently serves as Chief Accounting Officer of the Company, was appointed to the role of Chief Financial Officer effective July 5, 2024

Appointed

Michael A. Wilson

Executive Vice President and Chief Lending Officer

ATLO · AMES NATIONAL CORP

Effective: 2023-11-09
Filed: November 9, 2023, 6:59 PM ET

On November 8, 2023, Michael A. Wilson (age 59), who currently serves as Executive Vice President of Innovation & Corporate Services of the Company, was appointed as Executive Vice President and Chief Lending Officer effective November 9, 2023.

Departed

John L. Pierschbacher

Chief Financial Officer

ATLO · AMES NATIONAL CORP

Effective: 2024-07-05
Successor: Justin C. Clausen
Filed: November 9, 2023, 6:59 PM ET

On November 8, 2023, John L. Pierschbacher, who currently serves as the principal financial and accounting officer of Ames National Corporation (the “Company”), notified the Company of his intent to retire as Chief Financial Officer of the Company effective July 5, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Justin C. Clausen was appointed as Chief Financial Officer at AMES NATIONAL CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On November 8, 2023, Justin C. Clausen (age 36), who currently serves as Chief Accounting Officer of the Company, was appointed to the role of Chief Financial Officer effective July 5, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael A. Wilson was appointed as Executive Vice President and Chief Lending Officer at AMES NATIONAL CORP.

Action: appointed
Role: Executive Vice President and Chief Lending Officer

Exact text from the filing

On November 8, 2023, Michael A. Wilson (age 59), who currently serves as Executive Vice President of Innovation & Corporate Services of the Company, was appointed as Executive Vice President and Chief Lending Officer effective November 9, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John L. Pierschbacher departed as Chief Financial Officer at AMES NATIONAL CORP.

Action: notified intent to retire
Role: Chief Financial Officer

Exact text from the filing

On November 8, 2023, John L. Pierschbacher, who currently serves as the principal financial and accounting officer of Ames National Corporation (the “Company”), notified the Company of his intent to retire as Chief Financial Officer of the Company effective July 5, 2024.

View on SEC.gov

AMES NATIONAL CORP filing history →

Source: SEC EDGAR

accession 0001437749-23-031253

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