Company: ISBA
Filing Date: 2025-05-08
Form Type: 8-A12B
Source: 0000842517-25-000102
Chunk: 2

Company: ISABELLA BANK CORP
Filing Date: 2025-05-08
Form: 8-A12B
Chunk 2
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 to the Secretary of ISBA. Notice of a shareholder proposal notice must generally be delivered to the Secretary of ISBA at least 120 days before the date of ISBA’s proxy statement for the prior year. The notice must set forth specific information regarding the shareholder submitting the proposal or nomination and the proposal or director nominee, as described in our Bylaws, and must otherwise comply with the terms of our Bylaws. These requirements are in addition to those set forth in the regulations adopted by the U.S. Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.

Call of Special Meetings. The Bylaws provide that special meetings of shareholders can be called only by the President or the Secretary of ISBA, or by either of them upon written request, or by vote of a majority of the Board of Directors of ISBA, or by holders of at least a majority of the issued and outstanding shares of ISBA common stock.

Potential Anti-Takeover Effect . Certain provisions of our Articles of Incorporation and Bylaws could make the acquisition of control of ISBA and/or the removal of our existing management or directors more difficult, including:

• Authorized but Unissued Shares. The Board of Directors of ISBA has the power, without shareholder approval, to issue the authorized but unissued shares of our common stock. The Articles of Incorporation authorize fifteen million (15,000,000) shares of common stock, no par value. As of May 8, 2025, there were 7,382,394 shares of ISBA common stock issued and outstanding.

• Classified Board of Directors. The ISBA Board of Directors is divided into three classes, with the directors in each class being elected for a term of three years.

• Filling of Board Vacancies. Vacancies are filled by a vote of the directors then in office. The person who fills any such vacancy holds office until the next election of the class for which the director shall have been chosen and until his or her successor shall be elected and shall qualify or until his or her resignation, death or removal.

• “For Cause” Removal of Directors. Directors of ISBA may be removed from office at any time, but only for cause by the affirmative vote of the holders of a majority of the shares of ISBA common stock entitled to vote thereon.

• Prohibition of Cumulative Voting. The Articles of Incorporation prohibit cumulative voting for the election of directors.

• Super-Majority Vote on Certain Business Combinations. The Articles of Incorporation of IS