8-K filed July 20, 2022, 7:59 PM ET ticker FMFG CIK 0001698022

leadership confidence high sentiment neutral materiality 0.50

Farmers and Merchants Bancshares names Gary Harris President, successor CEO; Bosley CEO until Dec 2022

Farmers & Merchants Bancshares, Inc.

James R. Bosley, Jr. elected CEO effective July 18, 2022, to serve until his retirement on Dec 31, 2022.
Gary A. Harris elected President and will become CEO and President upon Bosley's retirement.
Harris also elected to the Board as a Class II director until 2024 annual meeting.
Harris entered into Change in Control Severance Agreement providing up to 2.99x base salary if terminated without cause within 12 months of a change in control.
Bylaws amended to establish CEO position and conform officer roles.

item 5.02 item 5.03 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Gary A. Harris

Chief Executive Officer

FMFG · Farmers & Merchants Bancshares, Inc.

Effective: 2022-12-31
Filed: July 20, 2022, 7:59 PM ET

When Mr. Bosley retires, Mr. Harris will serve as both the President and the Chief Executive Officer.

Appointed

Gary A. Harris

President

FMFG · Farmers & Merchants Bancshares, Inc.

Effective: 2022-07-18
Filed: July 20, 2022, 7:59 PM ET

they also elected Mr. Harris to serve as President

Appointed

James R. Bosley, Jr.

Chief Executive Officer

FMFG · Farmers & Merchants Bancshares, Inc.

Effective: 2022-07-18
Successor: Gary A. Harris
Filed: July 20, 2022, 7:59 PM ET

elected Mr. Bosley to serve in that office until his retirement

Appointed

Gary A. Harris

Director

FMFG · Farmers & Merchants Bancshares, Inc.

Effective: 2022-07-18
Filed: July 20, 2022, 7:59 PM ET

elected Mr. Harris to serve as a Class II director of the Company until the 2024 annual meeting

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Gary A. Harris changed role as Chief Executive Officer at Farmers & Merchants Bancshares, Inc..

Action: succeed
Role: Chief Executive Officer

Exact text from the filing

When Mr. Bosley retires, Mr. Harris will serve as both the President and the Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary A. Harris was elected as President at Farmers & Merchants Bancshares, Inc..

Action: elected
Role: President

Exact text from the filing

they also elected Mr. Harris to serve as President

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James R. Bosley, Jr. was elected as Chief Executive Officer at Farmers & Merchants Bancshares, Inc..

Action: elected
Role: Chief Executive Officer

Exact text from the filing

elected Mr. Bosley to serve in that office until his retirement

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary A. Harris was elected as Director at Farmers & Merchants Bancshares, Inc..

Action: elected
Role: Director

Exact text from the filing

elected Mr. Harris to serve as a Class II director of the Company until the 2024 annual meeting

View on SEC.gov

Farmers & Merchants Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-017445

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