secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001140361-24-048196
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers & Merchants shareholders approve 2025 Restricted Stock Retirement Plan; old plans terminated
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- Shareholders approved 2025 Restricted Stock Retirement Plan (418,847 for, 19,658 against, 6,552 abstain).
- Nonqualified Retirement Plans terminated effective Nov 29, 2024; account balances to be liquidated within 12-24 months.
- 2025 Plan effective Jan 1, 2025; initial reserve of 80,000 shares with annual 2.5% evergreen until 2035.
- Company expects no material change in annual costs from previously terminated nonqualified plans.
- Outside director annual award limit set at $450,000 per 12-month period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124048196/0001140361-24-048196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124048196/ef20039360_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-048196

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