Farmers & Merchants Bancorp extends poison pill rights to 2034, increases exercise price to $3,900

FARMERS & MERCHANTS BANCORP

Amended Rights Agreement extends expiration of preferred stock purchase rights from Aug 2025 to Aug 2034.
Purchase price per one-hundredth of a Preferred Share increased from $1,600 to $3,900.
Other changes clarify legal relationship with rights agent and align with customary provisions.
Rights will expire upon termination of the Amended Rights Agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

FARMERS & MERCHANTS BANCORP entered into Amended and Restated Rights Agreement with Computershare Trust, N.A. valued at Rights expiration extended to August 5, 2034; purchase price increased to $3,900 per one one-hundred (effective 2024-04-05).

Action: entry
Counterparty: Computershare Trust, N.A.
Value: Rights expiration extended to August 5, 2034; purchase price increased to $3,900 per one one-hundred
Effective: 2024-04-05

Exact text from the filing

On April 5, 2024, the Company entered into an Amended and Restated Rights Agreement (the “Amended Rights Agreement”), which amends and restates the Rights Agreement, dated as of August 5, 2008, as amended, by and between the Company and Computershare Trust, N.A., a federally chartered, limited purpose trust company (as successor to Registrar and Transfer Company), as the duly appointed rights agent.

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Source: SEC EDGAR

accession 0001140361-24-018230

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