On December 16, 2020, Robert L. Hunter advised the Board of Directors of Emclaire Financial Corp. that he was retiring from the Board effective on December 31, 2020. On December 16, 2020, the Board appointed Steven J. Hunter to the Board of Directors of the Company, effective on January 1, 2021. He is a Managing Director of TM Capital Corp. Steven Hunter will serve an initial term as director until the Company's next annual meeting of shareholders to be held in April 2021.