Investment Management Corporation

Brochure Supplement Denise L. Heimel Investment Management Corporation Investment Counsel 1940 Electric Road Roanoke, Virginia 24018 540.774.8899 800.576.4900 Fax: 540.989.6783 Website: InvestmentManagementCorp.com This brochure supplement provides information about Denise L. Heimel that supplements the Investment Management Corporation brochure. You should have received a copy of that brochure. Please contact J. Gregory Tinaglia if you did not receive Investment Management Corporation’s brochure or if you have any questions about the contents of this supplement. Additional information about Denise L. Heimel is available on the SEC’s website at www.adviserinfo.sec.gov. This brochure supplement was updated 02.23.2026.  Educational Background and Business Experience Personal: Single; one child (Adele) Year of birth: 1970 Education: Coudersport H.S., Coudersport, PA University of Phoenix, Phoenix, AZ Bachelor of Science in Business Marketing - 2003 Professional Designations: CERTIFIED FINANCIAL PLANNER™ professional - 2007 I am certified for financial planning services in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). Therefore, I may refer to myself as a CERTIFIED FINANCIAL PLANNER™ professional or a CFP® professional, and I may use these and CFP Board’s other certification marks (the “CFP Board Certification Marks”). The CFP® certification is voluntary. No federal or state law or regulation requires financial planners to hold the CFP® certification. You may find more information about the CFP® certification at www.CFP.net. CFP® professionals have met CFP Board’s high standards for education, examination, experience, and ethics. To become a CFP® professional, an individual must fulfill the following requirements: • Education – Earn a bachelor’s degree or higher from an accredited college or university and complete CFP Board- approved coursework at a college or university through a CFP Board Registered Program. The coursework covers the financial planning subject areas CFP Board has determined are necessary  for the competent and professional delivery of financial planning services, as well as a comprehensive financial plan development capstone course. A candidate may satisfy some of the coursework requirement through other qualifying credentials. CFP Board implemented the bachelor’s degree or higher requirement in 2007 and the financial planning development capstone course requirement in March 2012. Therefore, a CFP® professional who first became certified before those dates may not have earned a bachelor’s or higher degree or completed a financial planning development capstone course. • Examination – Pass the comprehensive CFP® Certification Examination. The examination is designed to assess an individual’s ability to integrate and apply a broad base of financial planning knowledge in the context of real-life financial planning situations. • Experience – Complete 6,000 hours of professional experience related to the personal financial planning process, or 4,000 hours of apprenticeship experience that meets additional requirements. • Ethics – Satisfy the Fitness Standards for Candidates for CFP® Certification and Former CFP® Professionals Seeking Reinstatement and agree to be bound by CFP Board’s Code of Ethics and Standards of Conduct (“Code and Standards”), which sets forth the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements to remain certified and maintain the right to continue to use the CFP Board Certification Marks: • Ethics – Commit to complying with CFP Board’s Code and Standards. This includes a commitment to CFP Board, as part of the certification, to act as a fiduciary, and therefore, act in the best interests of the client, at all times when providing financial advice and financial planning. CFP Board may sanction a CFP® professional who does not abide by this commitment, but CFP Board does not guarantee a CFP® professional's services. A  client who seeks a similar commitment should obtain a written engagement that includes a fiduciary obligation to the client. • Continuing Education – Complete 30 hours of continuing education every two years to maintain competence, demonstrate specified levels of knowledge, skills, and abilities, and keep up with developments in financial planning. Two of the hours must address the Code and Standards. CERTIFIED INVESTMENT MANAGEMENT ANALYST® (CIMA®) - 2008 The CIMA certification signifies that an individual has met initial and on-going experience, ethics, education, and examination requirements for the job of investment management consulting, including advanced investment management theory and application. Prerequisites for the CIMA certification are three years of financial services experience and an acceptable ethical background/compliance history as decided in an admissions peer review process governed by the Ethics Board. To obtain the CIMA certification, candidates must successfully complete a one-week classroom education program provided by a Registered Education Provider at an AACSB accredited university business school and pass a Certification Examination. CIMA designees are required to adhere to IWI's Code of Professional Responsibility and Guidance Document, Disciplinary Rules and Procedures, and Rules and Guidelines for Use of the Marks. CIMA designees must report 40 hours of continuing education credits, including two ethics and one tax/regulations hours, every two years to maintain the certification. The designation is administered through Investments and Wealth Institute® (IWI).  Business: Senior Wealth Advisor - Investment Management Corporation-2023 to present- Registered Investment Advisory firm providing fee-only Investment Counsel Senior Registered Sales Associate – Morgan Stanley – 2022 to 2023 Vice President of Sales and Marketing – Orkney Springs Distillery -2022 to 2023 Financial Advisor – H&H Retirement Design & Management -2021 to 2021 Financial Consultant – Charles Schwab Independent Branch – 2018 to 2021 Operations Associate – IFAM Capital – 2017 to 2018 Professional Associations/ Organizations/ Experience: Roanoke Estate Planning Council- 2023 to present ------------------------------------------------------------------------------------------- Disciplinary Information There have never been any legal or disciplinary events. Other Business Activities There are no other substantial business activities engaged in. Additional Compensation No arrangements exist that provide additional outside compensation from others.  Supervision Notes that date all client contact and actions are filed. J. Gregory Tinaglia, President of Investment Management Corporation is the designated Compliance Officer for regulatory issues. His phone is: 540.774.8899 Requirements for State-Registered Advisers Denise L. Heimel has not been found liable in an arbitration claim alleging any damages or liable in a civil, self-regulatory organization or administrative proceeding involving: (a) an investment or an investment- related business or activity, (b) fraud, false statements or omissions, (c) theft, embezzlement or other wrongful taking of property, (d) bribery, forgery, counterfeiting or extortion, or (e) dishonest, unfair, or unethical practices, nor has he been the subject of a bankruptcy petition. 

Cover Page Brochure Investment Management Corporation Investment Counsel & Wealth Management 1940 Electric Road Roanoke, Virginia 24018 540.774.8899 800.576.4900 Fax: 866.666.1460 Website: InvestmentManagementCorp.com Email: mail@investmentmanagementcorp.com This brochure provides information about the qualifications and business practices of Investment Management Corporation. Contact us by phone or email if you have any questions about the contents of this brochure. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about Investment Management Corporation also is available on the SEC’s website at: www.adviserinfo.sec.gov  Material Changes Investment Management Corporation is required to advise you of any material changes to the Firm Brochure (“Brochure”) from our last annual update. There have been no material changes. ADV Part 2A - Firm Brochure Investment Management Corporation 2  Table of Contents Section Page 1 1. Cover Page 2 2. Material Changes 3 3. Table of Contents 4 4. Advisory Business 4 5. Fees and Compensation 5 6. Performance-Based Fees/Side-By-Side Management 7. Types of Clients 5 8. Methods of Analysis/Investment Strategies/Risk of Loss 6 7 9. Disciplinary Information 8 10. Other Financial Industry Activities and Affiliations 8 11. Code of Ethics/Participation or Interest in Client Transactions and Personal Trading 9 10 10 10 11 11 11 12. Brokerage Practices 13. Review of Accounts 14. Client Referrals and Other Compensation 15. Custody 16. Investment Discretion 17. Voting Client Securities 18. Financial Information ADV Part 2A - Firm Brochure Investment Management Corporation 3  Advisory Business Investment Management Corporation, an SEC registered advisory firm, has been managing client investment portfolios since 1986. We provide only discretionary investment portfolio management for individuals, businesses, trusts, and estates after evaluating the client’s individual objectives and risk tolerance. This means that our clients authorize us to make any investment changes whenever we desire, which is based on our sole judgment from our analysis of market conditions and performance of the portfolio investments. We are compensated only by fees received from our investment clients. We receive no other compensation, which distinguishes our service from other advisors that also may receive compensation from brokerage firms, insurance companies, mutual fund companies, or other investment providers. We invest portfolios in individual stocks, bonds, exchange traded funds and mutual funds. On 12/31/2025, the total value of assets we managed for 193 clients was $191,179,778 dollars. We do not take custody of client assets. Instead, we select an independent custodial firm to hold client investments, so that there will be independent reporting of client values and transactions sent directly to the client on a monthly basis from the independent custodian. To supplement this, Investment Management Corporation provides its own quarterly reporting that provides additional portfolio and investment returns, including any gains and losses. Fees and Compensation We recommend the use of investments that are “no-load”, meaning that we do not receive any compensation from your investments when buying, selling, or holding positions. We are compensated solely by our advisory fee and do not receive any other compensation, such as brokerage commissions on investments selected for your account. Our fees are either deducted from client assets or billed. Investment Management Corporation’s estimated quarterly advisory fee for its management service is not negotiable and is payable after delivery of a quarterly client report for the previous quarter. Fees are payable quarterly in advance and are calculated in accordance with the fee schedule that follows based on your ADV Part 2A - Firm Brochure Investment Management Corporation 4  investment portfolio’s average daily value for the quarter. Quarterly withdrawals are made from your investment account(s) to pay advisory fees. The following table illustrates our investment management fee schedule. Assets Under Management $100,000 - $500,000 $500,001 - $1,000,000 $1,000,001 - $2,500,000 $2,500,001 - $5,000,000 $5,000,001 - $10,000,000 Over $10,000,000 Annual Fee Rate 1.25% 1.10% 1.00% 0.80% 0.60% 0.50% Quarterly Fee Rate 0.3125% 0.2750% 0.2500% 0.2000% 0.1500% 0.1250% Minimum annual advisory fee is $1,250. At any time, you may request that we terminate our advisory service by sending us written notification. However, you will still owe the total advisory fee for the remainder of the current quarter. Your other costs in addition to our advisory fee will include any custodial or brokerage transactions that require charges, such as may be incurred when individual stocks, bonds, or ETFs are traded. You may be charged a brokerage account closing fee, mutual fund early redemption fees, and mutual fund company fund expenses, such as a mutual fund’s portfolio management fee. Performance-Based Fees and Side-By-Side Management Investment Management Corporation does not charge performance-based fees. Types of Clients We manage investment accounts for individuals, business entities, pension and profit-sharing plans, and trusts. We require a minimum of $100,000 in managed accounts to be retained under our investment management agreement. ADV Part 2A - Firm Brochure Investment Management Corporation 5  Method of Analysis, Investment Strategies and Risk of Loss Investment Management Corporation makes decisions to buy or sell portfolio investments based on both “fundamental” and “technical” analysis of economic data and investment markets. We compare current data to historical data to determine whether we should increase or decrease investments in specific asset classes such as stocks, bonds, and cash. We update our analysis each week to reflect new data for the previous week. An example of the fundamental data is the level of interest rates that the Federal Reserve establishes for its lending to banking institutions. An example of technical data is tracking the current price of an investment compared to its price in the past. New investment funds may be allocated to the strategies chosen by clients in varying amounts over a period of time at our discretion based on our assessment of current investment market conditions. It is important to understand that any investment of funds in investment securities in any of our strategies listed below involves the risk of loss which you should be prepared to bear whenever it may occur. There are no other material risks when compared to this. All investment funds remain “liquid”, which means they are readily available, since we only invest in investments that can be sold at any time, unless specifically directed otherwise by you. We do not trade investment securities above a frequency that could negatively affect investment performance, since trading that is too frequent may adversely affect investment performance. The following strategies asset class exposures may be changed at our discretion within these ranges: Variable Equity Models Focused Growth, Focused Growth TM, Dynamic Opportunities, Diversified Index 100% Maximum Stock to 0% Minimum Stock 100% Maximum Bonds to 0% Minimum Bonds 100% Maximum Cash to 0% Minimum Cash ADV Part 2A - Firm Brochure Investment Management Corporation 6  Conservative Growth- 75% Maximum Stock to 0% Minimum Stock 75% Maximum Bonds to 0% Minimum Bonds 100% Maximum Cash to 0% Minimum Cash Maximum Income- 30% Maximum Stock to 0% Minimum Stock 80% Maximum Bonds to 0% Minimum Bonds 100% Maximum Cash to 0% Minimum Cash The following strategies asset class exposures remain near the following levels: Fixed Equity Models IS Growth, IS 25, Strategic Dividends- 100% to 90% Stock (Individual Securities) 10% to 0% Cash In addition to the quarterly account statement issued by the custodian, IMC provides a quarterly letter to report model portfolio returns and exposure to stocks, bonds, and cash. The purpose is to provide the client with a way to verify account performance and holdings are in-line with the desired investment model strategy. Disciplinary Information Our firm and the personnel associated with us have never had any violations or disciplinary actions taken by the regulatory authorities who periodically audit our firm for compliance with the Securities and Exchange Commission federal and state regulations. ADV Part 2A - Firm Brochure Investment Management Corporation 7  Other Financial Industry Activities and Affiliations To eliminate potential conflicts of interest, our management persons and other employees are not permitted to be registered as or have relationships or arrangements with a broker-dealer or represent any broker-dealer, futures commissions merchant, commodity pool operator, commodity trading advisor, or associated person of any such entities. Our management persons and other employees are also not permitted to have any relationships or arrangements with others such as: other investment advisors or financial planners, banking or thrift institution, accountant or accounting firm, lawyer or law firm, insurance company or agency, pension consultant, real estate broker or dealer, sponsor or syndicator of limited partnerships, investment companies or other pooled investment vehicles that are material to our investment advisory business or that creates a conflict of interest. Code of Ethics, Participation or Interest in Client Transactions and Personal Trading All persons working for our firm adhere to our Code of Ethics to protect material nonpublic information about clients and their transactions. It is based on the principle that Investment Management Corporation and its employees have a fiduciary duty to place the clients’ interests above their own. Employees are expected to maintain the highest standards of ethics and conduct in all of their business relationships. A complete copy of our Code of Ethics is available upon request. In general, the code requires all employees to: • Always place the interests of IMC’s clients ahead of their own personal interests • Ensure that all personal securities transactions are conducted in such a manner as to avoid any actual or potential conflict of interest or any abuse of an employee’s position of trust and responsibility • Not take inappropriate advantage of information obtained as a result of their positions. Employees must disclose personal securities transactions in any account that they have a beneficial ownership. IMC monitors its employees’ personal securities trading activity on an ongoing basis. Employees who violate the code may be reprimanded, fined, suspended or terminated. ADV Part 2A - Firm Brochure Investment Management Corporation 8  IMC is committed to acting in the best interests of our clients at all times. As a Registered Investment Advisor (RIA), IMC operates as a fiduciary, meaning we have a legal and ethical obligation to prioritize our clients’ interests above our own. Our fiduciary duty includes the following key principles: • Acting in Good Faith – We provide investment advice and financial planning services with honesty, integrity, and full transparency. • Putting Clients’ Interests First – We avoid conflicts of interest whenever possible and disclose any potential conflicts that may arise. • Providing Full and Fair Disclosure – We communicate openly about fees, compensation structures, and any relevant factors that may impact investment recommendations. • Exercising Due Care and Prudence – We conduct thorough research and analysis to ensure our recommendations align with each client’s financial goals, risk tolerance, and time horizon. • Ongoing Monitoring and Duty of Care – We continuously review client portfolios, market conditions, and financial plans to ensure they remain aligned with our clients’ evolving needs and objectives. Our commitment to the fiduciary standard ensures that our clients receive objective, personalized financial guidance designed to help them achieve long- term financial success. Brokerage Practices Since our firm does not receive any compensation from brokerage firms that execute transactions for our clients, we select a broker based on their industry status and insured fiduciary standing. Any transactions that would result in a transaction fee to the broker must be highly competitive in comparison to other brokers. ADV Part 2A - Firm Brochure Investment Management Corporation 9  So that there will be no conflict of interest, we do not permit the receipt of any benefits of any kind that may be considered a “soft-dollar” benefit, such as a product or service that we might otherwise have to spend money to obtain. We do not accept referrals from brokerage firms and do not permit clients to select brokerage firms for accounts managed by us. Aggregation of trades to lower transaction costs for clients is utilized by us when trading securities. Review of Accounts Investment Management Corporation reviews all Variable Equity Model strategies on a weekly basis. Fixed Equity Model strategies are reviewed on at least an annual basis. In addition, we review client accounts on at least an annual basis to learn whether clients’ accounts are in line with their investment objectives. Strategies utilizing individual securities, annuities, insurance, and any other investment accounts that require access to prior existing custodians that do not provide direct data downloads to us are reviewed on a quarterly basis. If, as a result of any model strategy review, an investment change is made, all client accounts following the affected strategy are changed to the new investment position. On a quarterly basis we provide a written report to our clients showing account values, additions, withdrawals, and rates of return. Client Referrals and Other Compensation Referrals come from existing clients and professionals such as Certified Public Accountants and Attorneys at their discretion. Custody We do not take custody of client funds or securities. An independent custodian, such as a stock brokerage firm, is selected to hold client investments. The independent custodian provides account statements to clients on a monthly basis showing all investment positions and transactions. We also send clients a quarterly report that we prepare summarizing our investment actions and investment returns. ADV Part 2A - Firm Brochure Investment Management Corporation 10  Investment Discretion Under our client advisory agreement, we require that you agree to our having “investment discretion”. This means that you are giving us unrestricted authority to make investment changes on your behalf without having to notify you or ask for your approval beforehand. All investment changes will be made taking into consideration the asset class exposure limitations that are described in section #5 titled Method of Analysis/Investment Strategies/Risk of Loss of this brochure. Voting Client Securities We do not accept authority to vote client securities. All clients will receive proxies and other such investment security solicitations to vote on shareholder issues directly from the brokerage firm acting as independent custodian of their account. Financial Information We do not have any financial condition that would impair our ability to meet contractual commitments to clients. We also do not require clients to pay advance fees for our services that are more than $1200.00 ADV Part 2A - Firm Brochure Investment Management Corporation 11 

Brochure Supplement J. Gregory Tinaglia Investment Management Corporation Investment Counsel & Wealth Management 1940 Electric Road Roanoke, Virginia 24018 540.774.8899 800.576.4900 Fax: 866.666.1460 Website: InvestmentManagementCorp.com This brochure supplement provides information about J. Gregory Tinaglia that supplements the Investment Management Corporation brochure. You should have received a copy of that brochure. Please contact J. Gregory Tinaglia if you did not receive Investment Management Corporation’s brochure or if you have any questions about the contents of this supplement. Additional information about J. Gregory Tinaglia is available on the SEC’s website at www.adviserinfo.sec.gov. This brochure supplement was updated 02.23.2026.  Educational Background and Business Experience Personal: Married (Cathy); two children (Karen and John) Year of birth: 1948 Education: The Haverford School Haverford, Pennsylvania Washington and Lee University Lexington, Virginia Bachelor of Arts Degree-1971 The American College Bryn Mawr, Pennsylvania Masters of Science in Financial Services Degree-1980 Professional Designations: Chartered Financial Consultant-1982 (9 proctored examinations with extensive course work) (Experience and Code of Ethics Standards) (Continuing Education requirements) Accredited Investment Management Consultant-1990 (Complete examinations with extensive course work) (Code of Ethics standard) Business: President- Investment Management Corporation-1986 to present- Registered Investment Advisory firm providing fee-only Investment Counsel President- Benefit Plan Consultants, Inc.-1981 to 2020- Planning Counsel firm providing fee-only financial and employee benefit advisory services Professional Associations/ Organizations/ Experience: International Association of Financial Planners Past President- Roanoke/Lynchburg Chapter  American Society of Chartered Financial Consultants Past President- Roanoke Chapter Instructor for Virginia Society of C.P.As’ Continuing Professional Education Programs Roanoke Estate Planning Council Speakers Bureau participant Times-World Corporation Panel of Financial Advisors Expert Witness for Roanoke’s leading Law Firms Advisor to leading Investment and Financial Planning Software Companies Disciplinary Information There have never been any legal or disciplinary events. Other Business Activities There are no other substantial business activities engaged in. Additional Compensation No arrangements exist that provide additional outside compensation from others. Supervision Notes that date all client contact and actions are filed. J. Gregory Tinaglia, President of Investment Management Corporation is the designated Compliance Officer for regulatory issues. His phone is: 540.774.8899  Requirements for State-Registered Advisers J. Gregory Tinaglia has not been found liable in an arbitration claim alleging any damages or liable in a civil, self-regulatory organization or administrative proceeding involving: (a) an investment or an investment- related business or activity, (b) fraud, false statements or omissions, (c) theft, embezzlement or other wrongful taking of property, (d) bribery, forgery, counterfeiting or extortion, or (e) dishonest, unfair, or unethical practices, nor has he been the subject of a bankruptcy petition.