{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-102663","form_type":"8-K","ticker":"FMAO","cik":"0000792966","company_name":"FARMERS & MERCHANTS BANCORP INC","filed_at":"2024-09-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.894580+00:00","generated_at":"2026-05-31T06:43:12.830648+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Farmers & Merchants enters new 3-year employment agreement with CEO Lars Eller","bullets":["Base salary of $504,686, subject to upward adjustment; term Sept 1, 2024 to Aug 31, 2027.","Annual restricted stock grants equal to 25% of base pay; plus unrestricted shares equal to nonemployee director grants ($15,000 in 2024).","Change-in-control severance: 2x sum of base salary and average 3-year cash bonus/incentive, plus 12 months benefit continuation.","Non-compete applies without geographic limit during employment; post-termination limited to counties with bank offices in OH, IN, MI.","F&M guarantees Bank's performance; terms substantially similar to prior agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-102663","json":"https://secwatch.observer/filing/0000950170-24-102663.json","markdown":"https://secwatch.observer/filing/0000950170-24-102663.md","text":"https://secwatch.observer/filing/0000950170-24-102663.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/792966/000095017024102663/0000950170-24-102663-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/792966/000095017024102663/fmao-20240829.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:43:12.830648+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}