Company: NGVC
Filing Date: 2025-01-14
Form Type: PRE 14A
Source: 0001437749-25-001121
Chunk: 10

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-01-14
Form: PRE 14A
Chunk 10
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)            |     | Yes          |
|                               |     | Sandra Buffa (2023)            |     | Yes          |
| Class III (term expires 2027) |     | Heather Isely (2012)           |     | No           |
|                               |     | Kemper Isely (2012)            |     | No           |
|                               |     | Edward Cerkovnik (2013)        |     | Yes          |

Election of Class I Director

The term of our Class I director will expire at the Annual Meeting. Accordingly, Ms. Elizabeth Isely is standing for re-election to the Board as a Class I director.

The Board has nominated Ms. Isely and recommended that she be re-elected to the Board as a Class I director, to hold such position until the 2028 Annual Meeting of Stockholders and until her successor has been duly elected and qualified or until her earlier death, resignation or removal. Ms. Isley is an Executive Vice President of the Company and, thus, is not independent under the rules of the NYSE.

Conclusion

The Board knows of no reason why Ms. Isely would be unable or unwilling to serve. However, if she should for any reason be unable or unwilling to serve, the proxies will be voted for the election of such other person for the office of director as the Board may recommend in the place of the nominee.

This proposal for the election of directors relates solely to the election of the Class I director and does not include any other matters relating to the election of directors, including, without limitation, the election of directors nominated by any stockholder of the Company.

Required Vote

For Proposal 1, the election of the Class I director, directors are elected by a plurality of the votes cast, either in person or represented by proxy. Therefore, the Class I director nominee will be elected as a director if she receives an affirmative vote of the stockholders.

Recommendation of the Board

THE BOARD UNANIMOUSLY RECOMMENDS A VOTE “FOR” RE-ELECTION OF THE FOREGOING NOMINEE TO SERVE AS A MEMBER OF THE DESIGNATED CLASS OF THE BOARD.

Unless a proxy is marked to give a different direction, the persons named in the proxy will vote “FOR” Ms. Elizabeth Isely to serve as a Class I director.

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PROPOSAL 2 - RATIFICATION OF

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

General

Our