JIM TAYLOR FORD LINCOLN MERCURY, LLC

e date the Plan Sponsor matching contribution for eligible participants is equal to 100 % of each participant’s contributions, not to exceed 6 % of eligible earnings. Plan Sponsor matching contributions also include catch-up contributions made by participants who have attained age 50 before the end of the Plan year. Each payroll period, the Plan Sponsor makes a non-elective contribution equal to any difference between (i) the matching contribution the Plan Sponsor would have made if a participant’s eligible earnings (net of other applicable deductions) were sufficient to make the full amount of the pre-tax and/or Roth 401(k) contributions elected by the participant for that payroll period and (ii) the actual matching contribution made by the Plan Sponsor to the participant’s Plan account b

an allocation of the Plan’s investment income or losses based upon the participant’s election of investment options. 4 Vesting Participants’ contributions and earnings thereon are fully vested at all times. Prior to January 1, 2025, Plan Sponsor contributions other than Core contributions vested based upon years of service as defined in the Plan document as follows: Years of Service Percent Vested < 2 0 % 2 50 % 3 or more 100 % Subsequent to January 1, 2025, Plan Sponsor matching contributions and earnings thereon are fully vested at all times. For Plan Sponsor contributions other than Core contributions made prior to January 1, 2025, regardless of years of service, a participant’s unvested interest in such contributions shall become fully vested if the participant’s service terminates due

ntributions: Plan Sponsor 349,655 Participant 569,150 Rollover 439,507 Total contributions 1,358,312 Total additions 35,700,420 Deductions Benefits paid to participants 39,923,633 Administrative expenses 8,006 Total deductions 39,931,639 Net increase (decrease) before transfer of assets ( 4,231,219 ) Net transfers from (to) affiliated plans 129 Net increase (decrease) ( 4,231,090 ) Net Assets Available for Benefits Beginning-of-year 226,327,710 End-of-year $ 222,096,620 See accompanying Notes to Financial Statements 3 LNL Agents’ 401(k) Savings Plan Notes to Financial Statements 1. Description of the Plan The following description of the LNL Agents’ 401(k) Savings Plan (the “Plan”) is a summary only; a detailed Plan document can be obtained from Lincoln National Corporation (“LNC”) Human R

47.00 399,300 6.9 $ 22.89 1 4 . Retirement Plan: The Company maintains a retirement plan for essentially all employees pursuant to Section 401(k) of the Internal Revenue Code. The Company matches a percentage of employee voluntary salary deferrals subject to limitations. The Company may also make discretionary contributions as determined annually by the Company's Board of Directors. The amount expensed under the plan was $ 471,767 and $ 462,445 for the years ended May 31, 2026 and 2025. 15. Fair Value of Financial Instruments: The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximate fair value because of the short maturity of these instruments. The fair values of short-term investments were determined as described in Note

s effective tax rate. The Company's practice is to recognize interest related to income tax matters in interest income / expense and to recognize penalties in selling, general and administrative expenses. The Company and its subsidiary file consolidated federal and state income tax returns. As of May 31, 2026, the Company had state investment tax credit carryforwards of approximately $546,000 expiring through May 2031. Results of Operations A summary of the period-to-period changes in the principal items included in the consolidated statements of income is shown below: Summary comparison of the years ended May 31, 2026 and 2025 Increase / (Decrease) Sales, net $ (4,643,000) Cost of goods sold $ (1,512,000) Research and development costs $ 332,000 Selling, general and administrative expense