NGVC awards discretionary $365,000 cash bonuses to key officers

Rhea-AI Filing Summary

Natural Grocers by Vitamin Cottage, Inc. approved discretionary cash bonus awards for three senior executives. The Compensation Committee authorized $365,000 each for Heather Isely (Executive Vice President and Corporate Secretary), Elizabeth Isely (Executive Vice President), and Richard Hallé (Chief Financial Officer).

The company states these cash bonuses were discretionary and not paid pursuant to any non‑equity incentive plan. This is an administrative compensation update under Item 5.02.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 29, 2025 (October 23, 2025)

Natural Grocers by Vitamin Cottage, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-35608		45-5034161
(State or other jurisdiction of incorporation)		(Commission File No.)		(IRS Employer Identification No.)

12612 West Alameda Parkway

Lakewood, Colorado 80228

(Address of principal executive offices) (Zip Code)

(303) 986-4600

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol	Name of each exchange on which registered
Common Stock, $0.001 par value		NGVC	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 23, 2025, the Compensation Committee of the Board of Directors of Natural Grocers by Vitamin Cottage, Inc. (the “Company”) approved the following compensatory arrangements: (i) a cash bonus award of $365,000 to Heather Isely, the Company’s Executive Vice President and Corporate Secretary; (ii) a cash bonus award of $365,000 to Elizabeth Isely, the Company’s Executive Vice President; and (iii) a cash bonus award of $365,000 to Richard Hallé, the Company’s Chief Financial Officer. The aforementioned cash bonus awards were discretionary in nature and were not paid pursuant to any non-equity incentive plan.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 29, 2025

	Natural Grocers by Vitamin Cottage, Inc.
	By:	/s/ Kemper Isely
	Name:	Kemper Isely
	Title:	Co-President

FAQ

What did Natural Grocers (NGVC) disclose in this 8-K?

The Compensation Committee approved discretionary $365,000 cash bonus awards for three executives under Item 5.02.

Which NGVC executives received the bonuses and how much?

Heather Isely, Elizabeth Isely, and CFO Richard Hallé each received a $365,000 cash bonus.

Were the NGVC bonuses part of an incentive plan?

No. The company states the awards were discretionary and not paid pursuant to any non‑equity incentive plan.

What section of the 8-K covers this NGVC update?

Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements.

Does NGVC specify the nature of the awards?

Yes. They are cash bonus awards approved by the Compensation Committee on October 23, 2025.