Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 40

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1A
Chunk 40
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 management plan to enhance our ability to respond to cybersecurity incidents. We periodically conduct internal tabletop exercises to enhance incident response preparedness. Our employees are required to participate in regular cybersecurity awareness trainings upon hiring and on a quarterly basis thereafter.

Cybersecurity Governance

Our Vice President of Information Technology (our VP of IT) has primary responsibility for monitoring, assessing and managing our material risks from cybersecurity threats. He oversees a dedicated information technology team that is responsible for managing enterprise-wide information security strategy, policy, standards, architecture and processes, and is regularly informed of, and monitors, the prevention, detection, mitigation and remediation of cybersecurity threats and incidents. Our VP of IT has over 26 years of information technology experience, has earned a graduate degree in Cybersecurity and Information Assurance, and maintains relevant industry designations including Certified Information Systems Security Professional and Certified Information Security Manager certifications.

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Our Board considers cybersecurity risk as a part of its overall risk oversight function. Our Board receives reports from our VP of IT at least bi-annually, and on an as-needed basis, on cybersecurity risks and actions taken to mitigate those risks. These reports include updates on our cybersecurity risks, the emerging threat environment, and the status of projects designed to enhance our information security systems and programs.

Item 2. Properties.

As of September 30, 2025, we had 169 stores located in 21 states, as shown in the following table:

			State

			Number
			of Stores

			Arizona

			11

			Arkansas

			3

			Colorado

			45

			Idaho

			6

			Iowa

			6

			Kansas

			8

			Louisiana

			1

			Minnesota

			1

			Missouri

			7

			Montana

			4

			Nebraska

			3

			Nevada

			4

			New Mexico

			6

			North Dakota

			3

			Oklahoma

			6

			Oregon

			14

			South Dakota

			1

			Texas

			25

			Utah

			8

			Washington

			5

			Wyoming

			2

Our home office is located in Lakewood, Colorado. We occupy our home office under a lease covering approximately 35,000 square feet; this facility is co-