secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP INC (FMAO)
CIK:        0000792966
Form:       8-K
Filed at:   2022-09-20T23:59:59+00:00
Accession:  0001193125-22-247516
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Farmers & Merchants appoints Eric Faust as CRO; promotes Benét Rupp to EVP
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- Eric Faust, 36, appointed SVP & Chief Risk Officer; base salary $240k; signing bonus $12k cash + ~$10k restricted stock.
- Benét Rupp, 56, promoted to Executive VP from Chief Administrative Officer; base salary $226.5k; awarded 1,500 shares.
- Both eligible for annual bonuses, long-term incentive, $600/mo auto allowance, and change-in-control agreements.
- No family relationships or reportable transactions with the company (each >$120k).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792966/000119312522247516/0001193125-22-247516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792966/000119312522247516/d367777d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-247516

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer