On April 20, 2012, HMN Financial, Inc. (the "Company") issued a press release that included financial information for its quarter ended March 31, 2012. A copy of the press release is attached as Exhibit 99 to this Form 8-K and incorporated by reference into this Item 2.02. The information included in the press release is to be considered furnished under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

The Annual Meeting of Stockholders of the Company was held on April 24, 2012 at 10:00 a.m. The final results of the stockholder vote on each proposal brought before the meeting were as follows:

(1) The following is a record of the votes cast in the election of directors of the Company:

  Terms expiring in 2015: For         Withhold   Broker Non-Votes
  Bradley Krehbiel        2,353,569   91,947     1,125,406
  Hugh Smith              2,372,605   72,911     1,125,406
  Mark Utz                2,374,486   71,030     1,125,406

The above individuals were elected to our board based on the results of the stockholder vote. However, under HMN's Supervisory Agreement with the Board of Governors of the Federal Reserve, it must obtain the consent of the Federal Reserve to any new director added to its board of directors. While this approval process is pending, Mr. Utz may be elected as a director, but is not yet qualified to serve in accordance with HMN's bylaws. Mr. Schneider is Mr. Utz's predecessor. Therefore, his term as a director will continue until Mr. Utz is so qualified, or Mr. Schneider's earlier resignation.

(2) The following is a record of the advisory (non-binding) votes cast in respect of the proposal for the approval of the compensation of our executives as disclosed in the proxy statement.

                     NUMBER
                   OF VOTES
  FOR             2,207,351
  AGAINST           213,336
  ABSTAIN            24,828

  BROKER NON-VOTE 1,125,406


Accordingly, the proposal described above was declared to be duly adopted by the
stockholders of the Company.

(3)    The following is a record of the votes cast in respect of the proposal to
ratify the appointment of KPMG LLP as the Company's independent registered
public accounting firm for the fiscal year ending December 31, 2012.

             NUMBER
           OF VOTES
  FOR     3,550,828
  AGAINST     8,000
  ABSTAIN    12,094

Accordingly, the proposal described above was declared to be duly adopted by the stockholders of the Company.