Company: NGVC
Filing Date: 2025-01-14
Form Type: PRE 14A
Source: 0001437749-25-001121
Chunk: 24

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-01-14
Form: PRE 14A
Chunk 24
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 oversight responsibilities, the audit committee reviewed and discussed the audited financial statements for the fiscal year ended September 30, 2024 with management of the Company and with KPMG LLP, the Company’s independent registered public accounting firm. The audit committee also reviewed and discussed with KPMG LLP the quarterly financial statements for each quarter during fiscal 2024 and the matters required to be discussed by Auditing Standard No. 1301, “Communications with Audit Committees,” the Public Company Accounting Oversight Board (the “PCAOB”) and the SEC.

In addition, the audit committee received the written disclosures and the letter from the independent registered public accounting firm required by applicable requirements of the PCAOB regarding the independent accountants’ communications with the audit committee concerning independence, and has discussed with the independent registered public accounting firm the accounting firm’s independence.

Based on the foregoing, the audit committee recommended to the Board that the audited financial statements be included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2024.

Respectfully submitted,

David Rooney (Committee Chair)

Sandra Buffa

Edward Cerkovnik

The material in the above report is not “soliciting material,” is not deemed “filed” with the SEC and is not to be incorporated by reference in any filing of the Company under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

Compensation Committee

Our compensation committee is responsible for, among other things:

| • | establishing our compensation philosophy and reviewing our compensation practices and policies, including equity benefit plans and incentive compensation; |

| • | reviewing key employee compensation policies; |

| • | monitoring performance and compensation of our employee‑directors, officers and other key employees; |

| • | preparing recommendations and periodic reports to the Board concerning these matters; and |

| • | overseeing the preparation of any disclosure relative to compensation practices. |

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Ms. Heather Isely, Ms. Buffa, Mr. Cerkovnik and Mr. Kemper Isely currently serve on the compensation committee, with Ms. Heather Isely serving as the chair of the compensation committee. Prior to his resignation from the Board in October 2024, Mr. Hallé served on the compensation committee.

The compensation committee met four times during fiscal 2024. During fiscal 2024, our compensation committee held one executive session at which