other
confidence high
sentiment neutral
materiality 0.15
Farmers & Merchants Bancorp amends bylaws to permit uncertificated shares and DRS participation
FARMERS & MERCHANTS BANCORP
- Board approved amendments to Bylaws Sections 7.5 and 7.6, effective Feb 11, 2025, to allow uncertificated shares.
- Change enables Company stock to participate in Direct Registration System (DRS).
- Uncertificated shares provision applies to shares not represented by certificates; certificates remain valid until surrendered.
- Lost, stolen, or destroyed certificates can be replaced with new certificate or uncertificated shares upon affidavit and bond.