The Emclaire Financial Corp. (the Corporation) Annual Meeting of Shareholders was held on April 25, 2012. At the annual meeting, 1,207,316 shares of common stock, or 68.91% of the 1,751,908 shares of common stock outstanding and entitled to vote at the annual meeting, were voted in person or by proxy.

Set forth below are the matters which were acted upon by the Corporation's shareholders at the annual meeting:

1. Election of three (3) directors to serve for three-year terms, and one (1) director to serve for a one-year term and until their successors are duly elected and qualified; and

2. Ratification of the selection of Crowe Horwath LLP, Certified Public Accountants, as the independent registered public accounting firm of the Corporation for the fiscal year ending December 31, 2012.

As to proposal number one, the following directors were elected for a three-year term expiring in 2015:

        Name                Shares For   Shares Withheld   Broker Non-vote
        Ronald L. Ashbaugh  947,603     12,295            247,418
        George W. Freeman   954,914     4,984             247,418
        Brian C. McCarrier  957,724     2,174             247,418

In addition, William C. Marsh was elected for a one-year term expiring in 2013 with 956,384 shares for, 3,514 shares withheld and 247,418 broker non-votes.

Proposal number two, the recommendation of the Board of Directors to ratify the appointment of Crowe Horwath, LLP as the Corporation's independent registered public accounting firm, was approved with 1,203,255 shares in favor, 3,657 shares against and 404 shares abstained.