K&B was founded in November 1966 as M. Kimelman & Co. In April of 1995, the firm changed both its name and legal status to become Kimelman & Baird, LLC. Scott Kimelman and Sheila Baird are the majority owners. Discretionary Asset Management Services. K&B provides investment advisory services for individual and institutional clients through separately managed accounts, providing continuous and ongoing supervision over the specified accounts. K&B enters into investment advisory contracts with individuals, families, trusts, charitable and institutional investors providing personalized discretionary asset management services. In establishing such accounts, K&B reviews with the clients factors it deems necessary to enable K&B to provide the kind of advice the client has requested, taking into account the client’s investment goals, financial needs, tax status and financial resources. The client must appoint K&B as the investment adviser of record on the account, which is held by qualified custodian(s) under the client’s name. The custodian maintains physical custody of all funds and securities of the account, and the client retains all rights of ownership e.g., right to withdraw securities or cash, exercise proxy voting and receive transaction confirmations. K&B obtains certain information from client to determine their financial situation and investment objectives. The client will be responsible for notifying K&B of any updates regarding the financial situation, risk tolerance or investment objectives and whether the client wishes to impose or modify existing investment restrictions. K&B is always reasonably available to consult with client on the status of the account. Client has up to five (5) business days after signing an Investment Advisory Agreement to terminate the same without penalty or recourse. Either K&B or client may terminate an investment

advisory agreement upon ten (10) business days prior written notice from either party to the other, or at such time as they may otherwise mutually agree upon in writing. Assets Under Management: As of December 31, 2023 K&B had discretionary assets under management of $1,365,505,000 in 532 accounts. Asset Based Fee Program “ABFP” - Clients are charged a quarterly fee for investment advisory services. There are no transaction costs. ABFP fees may be higher than if the client paid for the transaction costs separately. The maximum annual ABFP fee is 1.50% of the market value of the assets under management. Asset and Transaction Based Fee Program “ATBFP” – Clients are charged a quarterly fee for investment advisory services, as well as transactional costs. The maximum annual ATBFP is 1.25% of the market value of the assets under management plus commission charges on trades. Financial Planning Service. As part of the services that we provide, K&B also offers a suite of digitally generated technology solutions offered by FinLife Partners (“FinLife”). This is a financial guidance service that is a comprehensive evaluation of the client’s current and future financial state using personal financial inputs and personal considerations about risk and life goals. In using this service, the client receives a report that provides a detailed financial plan and an online Guidance Portal designed to assist in achieving their personal financial goals. FinLife is not in any way involved, nor responsible for the individual portfolio management or financial counseling provided. FinLife is offered as part of the advisory account relationship and is offered at no cost when you open an advisory account with us. However, our client is under no obligation to receive financial guidance services through the FinLife Partners’ platform.