---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-006995"
form_type: "8-K"
ticker: "FMAO"
cik: "0000792966"
company_name: "FARMERS & MERCHANTS BANCORP INC"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:37:50.388063+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Two EVPs to retire; promotions announced at F&M Bank (FMAO) as part of succession plan

## Summary
- Rex Rice, EVP & Chief Lending Officer, retiring effective March 1, 2024, after 43 years at the bank.
- Benét Rupp, EVP & Chief Administrative Officer, retiring effective March 22, 2024.
- David Gerken promoted to EVP & Chief Lending Officer; Tim Carsey promoted to SVP & Chief Administrative Officer.
- Alexis Smith promoted to SVP & Chief People Officer; Amy Cover promoted to SVP & Chief Marketing Officer.

## SEC filing metadata
- accession: 0000950170-24-006995
- form_type: 8-K
- ticker: FMAO
- cik: 0000792966
- company_name: FARMERS & MERCHANTS BANCORP INC
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792966/000095017024006995/0000950170-24-006995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792966/000095017024006995/fmao-20240122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-006995
- JSON: https://secwatch.observer/filing/0000950170-24-006995.json
- Plain text: https://secwatch.observer/filing/0000950170-24-006995.txt

## Key facts
- Executive change
  Rex Rice departed as EVP & Chief Lending Officer at FARMERS & MERCHANTS BANCORP INC.
  - Action: retiring
  - Role: EVP & Chief Lending Officer
  source text: the retirements of Rex Rice, EVP & Chief Lending Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/792966/000095017024006995/0000950170-24-006995-index.htm
- Executive change
  David Gerken was appointed as EVP | Chief Lending Officer at FARMERS & MERCHANTS BANCORP INC.
  - Action: promoted
  - Role: EVP | Chief Lending Officer
  source text: David Gerken Promoted to EVP | Chief Lending Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/792966/000095017024006995/0000950170-24-006995-index.htm
- Executive change
  Amy Cover was appointed as SVP | Chief Marketing Officer at FARMERS & MERCHANTS BANCORP INC.
  - Action: promoted
  - Role: SVP | Chief Marketing Officer
  source text: Amy Cover Promoted to SVP | Chief Marketing Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/792966/000095017024006995/0000950170-24-006995-index.htm
- Executive change
  Alexis Smith was appointed as SVP | Chief People Officer at FARMERS & MERCHANTS BANCORP INC.
  - Action: promoted
  - Role: SVP | Chief People Officer
  source text: Alexis Smith Promoted to SVP | Chief People Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/792966/000095017024006995/0000950170-24-006995-index.htm
- Executive change
  Benét Rupp departed as EVP & Chief Administrative Officer at FARMERS & MERCHANTS BANCORP INC.
  - Action: retiring
  - Role: EVP & Chief Administrative Officer
  source text: Benét Rupp, EVP & Chief Administrative Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/792966/000095017024006995/0000950170-24-006995-index.htm
- Executive change
  Tim Carsey was appointed as SVP | Chief Administrative Officer at FARMERS & MERCHANTS BANCORP INC.
  - Action: promoted
  - Role: SVP | Chief Administrative Officer
  source text: Tim Carsey Promoted to SVP | Chief Administrative Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/792966/000095017024006995/0000950170-24-006995-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.