Clark & Stuart, Inc. was founded in 1994 by Charles S. Clark and Michael H. Stuart. Mr. Clark has served as President of the firm and the principal contact for clients since inception. Mr. Stuart serves as Secretary and Treasurer of the company and the principal investment research analyst and portfolio manager. Mrs. Anne F. Clark, spouse of Charles Clark, is a non-employee officer of the firm with the title of Vice-President. Mrs. Susan L. Stuart, spouse of Michael Stuart, is also a non-employee officer of the firm with the title of Vice-President. Mr. Clark and Mr. Stuart each own 50% of the firm. Clark & Stuart is committed to remaining an independent investment advisory firm 100% owned by its employees. We offer investment management services to individuals, their families, our families, small businesses and Not-for-Profit Institutions. We are engaged solely in the business of managing investment portfolios. We manage investment portfolios on a discretionary basis only. This means that all transactions that we implement for clients are done without seeking prior consent. We are not a broker-dealer and we do not participate in wrap fee programs. As of December 31, 2023, the total assets we manage were $ 169,830,150. We practice an approach to investing that is best characterized as “conservative-growth.” We emphasize common stock investments in high quality and lower risk companies with a long record of consistent growth of profits and dividends. Our clients’ portfolios are typically invested in less than 25 companies and the annual portfolio turnover is low. Although our area of concentration is common stocks, we will manage a balanced portfolio (equities and bonds) when this is appropriate for a specific client. Our approach to fixed income

securities emphasizes U.S. Treasury securities and highly rated corporate bonds with maturities less than 10 years. Our services are personalized and focused on the particular needs, objectives and constraints of the client. All portfolios are managed with consideration for the tax status, time horizon, risk tolerance and liquidity requirements of the client. Also, before signing an Agreement for our services, all clients are also asked to specify industries and companies in which their assets should not be invested. Finally, all clients’ accounts are separate. We do not combine or co-mingle our clients’ assets. Clark and Stuart and its employees/owners are fiduciaries and are committed to high standards of prudence and loyalty to clients. We put the interests of our existing clients and prospective clients ahead of our own and select investments that are not merely suitable for them, but also in their best interests.  We do not solicit new clients.  We do not advertise our services.  We do not solicit additional funds to manage from our existing clients.  We do not initiate discussions with clients/prospective clients that might lead to account transfers (e.g. rollover from a 401k to an IRA) that have the effect of increasing our compensation.  If a client/prospective client requests an evaluation of investments that we do not manage for them, we will provide an objective evaluation of those investments without recommendation that the assets be transferred to an account from which we might derive compensation. In summary, our services are offered, not recommended, and we respect the ability of clients and prospective clients to decide if and when our services are right for them and to decide how much of their assets they wish to place under our discretion.