Company: NGVC
Filing Date: 2025-01-14
Form Type: PRE 14A
Source: 0001437749-25-001121
Chunk: 15

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-01-14
Form: PRE 14A
Chunk 15
---
 to the extent such exemption from liability or limitation thereof is not permitted under Section 102(b)(7) the Delaware General Corporation Law as it now exists. In addition to the circumstances in which a director or officer of the Corporation is not personally liable as set forth in the preceding sentence, a director or officer of the Corporation shall not be liable to the fullest extent permitted by any amendment to the Delaware General Corporation Law hereafter enacted that further limits the liability of a director or officer.

Required Vote

Proposal 3, under the DGCL, requires the affirmative vote of the holders of a majority of the outstanding shares of Common Stock entitled to vote on this matter for approval.

Recommendation of the Board

THE BOARD UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE APPROVAL OF AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO LIMIT THE LIABILITY OF CERTAIN OFFICERS OF THE COMPANY AS PERMITTED BY AMENDMENTS TO DELAWARE LAW.

<div align='center'>8

EXECUTIVE OFFICERS AND DIRECTORS</div>

Set forth below is information concerning our current executive officers and directors as of the date of this Proxy Statement. The business address of all of our executive officers and directors is 12612 West Alameda Parkway, Lakewood, Colorado 80228.

| Name             |     | Age |     | Position(s)                                                |
| Kemper Isely     |     |  62 |     | Chairman, Director and Co-President                        |
| Zephyr Isely     |     |  75 |     | Director and Co-President                                  |
| Heather Isely    |     |  59 |     | Director, Executive Vice President and Corporate Secretary |
| Elizabeth Isely* |     |  70 |     | Director and Executive Vice President                      |
| Sandra Buffa     |     |  72 |     | Director                                                   |
| Edward Cerkovnik |     |  67 |     | Director                                                   |
| David Rooney     |     |  66 |     | Director                                                   |
| Richard Hallé    |     |  60 |     | Chief Financial Officer                                    |

| * | Nominee for re-election as a director. |

Kemper Isely has been a director and our Co-President since 1998. He joined the Company as an employee in 1977 and during his tenure with our Company has functioned as Store Manager, Warehouse Manager, Director of Marketing, Director of Purchasing, Director of