Company: NGVC
Filing Date: 2025-01-14
Form Type: PRE 14A
Source: 0001437749-25-001121
Chunk: 22

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-01-14
Form: PRE 14A
Chunk 22
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, our Board held four executive sessions at which only non-management directors were present. Pursuant to our Corporate Governance Guidelines, our directors are expected to attend meetings of the Board and all committees on which they sit (including separate meetings of non-management directors), with the understanding that, on occasion, a director may be unable to attend a meeting in person or by teleconference. It is the Company’s policy to encourage directors to attend the Annual Meeting of Stockholders and all eight members of the Board attended our 2024 Annual Meeting of Stockholders.

Committees of the Board

Our Board has two committees: an audit committee and a compensation committee. Each committee member is appointed by the Board and will serve until his or her successor is elected and qualified, or until his or her earlier resignation or removal. Each committee member attended at least 75% of the meetings of each committee on which he or she served during fiscal 2024.

The following table provides membership and meeting information for fiscal 2024 for each of our Board committees:

| Name                          |     | Independent? |     |     Audit 
 Committee |     | Compensation 
    Committee |
| Mr. Kemper Isely              |     | No           |     |           |     |       Member |
| Mr. Zephyr Isely              |     | No           |     |           |     |              |
| Ms. Heather Isely             |     | No           |     |           |     |        Chair |
| Ms. Elizabeth Isely           |     | No           |     |           |     |              |
| Ms. Sandra Buffa*             |     | Yes          |     |    Member |     |       Member |
| Mr. Edward Cerkovnik          |     | Yes          |     |    Member |     |       Member |
| Mr. Richard Hallé*            |     | Yes          |     |    Member |     |       Member |
| Mr. David Rooney              |     | Yes          |     |     Chair |     |              |
| Total meetings in fiscal 2024 |     |              |     |         5 |     |            4 |

__________________

| * | Mr. Hallé served as a member of the audit committee and compensation committee prior to his resignation from the Board in October 2024. Following Mr. Hallé’s resignation from the Board, Ms. Buffa was appointed to serve on the compensation committee. |

Audit Committee

Our audit committee assists our Board in fulfilling its oversight responsibilities over our