Company: COFS
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012677
Chunk: 20

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 20
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 | be free of any conflict of interest that would violate any applicable law or regulation or interfere with the proper performance of the responsibilities of a director; |

| • | possess substantial and significant experience that would be of particular importance to ChoiceOne in the performance of the duties of a director; |

| • | have sufficient time available to devote to the affairs of ChoiceOne in order to carry out the responsibilities of a director; and |

| • | have the capacity and desire to represent the balanced, best interests of the shareholders as a whole. |

A shareholder may nominate a candidate for director in accordance with ChoiceOne's Restated Articles of Incorporation. A shareholder nominating a director must send a written notice to the Secretary of ChoiceOne that sets forth with respect to each proposed nominee:

| • | the name, age, business address and residence address of the nominee; |

| • | the principal occupation or employment of the nominee; |

| • | the number of shares of common stock of ChoiceOne that the nominee beneficially owns; |

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| • | a statement that the nominee is willing to be nominated and to serve; and |

| • | such other information concerning the nominee as would be required under the rules of the SEC to be included in a proxy statement soliciting proxies for the election of the nominee. |

You must send this notice to the Secretary not less than 120 days prior to the date of notice of an annual meeting and not more than seven days following the date of notice of a special meeting called for election of directors. Anti-Hedging and Pledging Policy ChoiceOne's anti-hedging and pledging policy aligns the interests of its directors and executive officers with its shareholders. The policy prohibits ChoiceOne's directors and executive officers from purchasing any financial instrument or entering into any transaction that is designed to hedge or offset any decrease in the market value of ChoiceOne's common stock, including short-selling, equity swaps, collars, exchange funds, put or call options, or prepaid variable forward contracts. Further, the policy prohibits directors and executive officers from pledging, hypothecating or otherwise encumbering shares of ChoiceOne's stock as collateral for indebtedness (including, but not limited to, holding such shares in a margin account), except that they may pledge, hypothecate or otherwise encumber shares of ChoiceOne common stock as collateral securing a loan made by an FDIC-insured depository institution if such loan (a) is made in the ordinary course of business, (b) is made