National Bank (NBHC) Proxy Filing summary

Board of directors and corporate governance

• Patrick Sobers resigned from the Audit & Risk Committee and the Nominating & Governance Committee, effective April 10, 2025, but will continue to stand for election to the Board at the upcoming Annual Meeting on April 30, 2025.

• The resignation follows shareholder guidance that former executives should not serve on certain committees for five years post-retirement, regardless of independent director status.

• The Board plans to reassess Mr. Sobers' committee appointments after the five-year period.

Voting matters and shareholder proposals

• The Annual Meeting of Shareholders is scheduled for April 30, 2025, at 8:30 a.m.

Risk oversight and compliance

• The company responded to shareholder concerns regarding committee independence by adjusting committee composition.