Natural Grocers shifts shareholder bylaw amendment threshold to 66.67% after Isely control drops below 50%

• Natural Grocers moved to adopt Texas bylaws as part of a planned Delaware-to-Texas reincorporation approved by majority written consent on Sept. 9, 2026.
• Texas bylaws set an 11-month default proxy duration, versus three years under Delaware bylaws.
• Exclusive-forum clause shifts internal corporate disputes to the Texas Business Court; securities-law claims routed to US federal district courts.
• Texas bylaws permit shareholders to call special meetings with 50% of voting shares; Delaware bylaws did not allow shareholder-called special meetings.
• Shareholder action by written consent becomes limited to unanimous consent once the Isely family voting control falls below 50%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Natural Grocers by Vitamin Cottage Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-030470), on September 15, 2026, and is solely responsible for the information contained therein.