---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-031253"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:05:53.068363+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-031253
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1132651/000143774923031253/0001437749-23-031253-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774923031253/atlo20231108_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-031253
- JSON: https://secwatch.observer/filing/0001437749-23-031253.json
- Plain text: https://secwatch.observer/filing/0001437749-23-031253.txt

## Key facts
- Executive change
  Justin C. Clausen was appointed as Chief Financial Officer at AMES NATIONAL CORP.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1132651/000143774923031253/0001437749-23-031253-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1132651/000143774923031253/0001437749-23-031253-index.htm
- Executive change
  John L. Pierschbacher departed as Chief Financial Officer at AMES NATIONAL CORP.
  - Action: notified intent to retire
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1132651/000143774923031253/0001437749-23-031253-index.htm

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