---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-017445"
form_type: "8-K"
ticker: "FMFG"
cik: "0001698022"
company_name: "Farmers & Merchants Bancshares, Inc."
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:22:56.442179+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-017445
- form_type: 8-K
- ticker: FMFG
- cik: 0001698022
- company_name: Farmers & Merchants Bancshares, Inc.
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698022/000143774922017445/0001437749-22-017445-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698022/000143774922017445/fmfg20220719_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-017445
- JSON: https://secwatch.observer/filing/0001437749-22-017445.json
- Plain text: https://secwatch.observer/filing/0001437749-22-017445.txt

## Key facts
- Executive change
  Gary A. Harris changed role as Chief Executive Officer at Farmers & Merchants Bancshares, Inc..
  - Action: succeed
  - Role: Chief Executive Officer
  source text: When Mr. Bosley retires, Mr. Harris will serve as both the President and the Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698022/000143774922017445/0001437749-22-017445-index.htm
- Executive change
  Gary A. Harris was elected as President at Farmers & Merchants Bancshares, Inc..
  - Action: elected
  - Role: President
  source text: they also elected Mr. Harris to serve as President
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698022/000143774922017445/0001437749-22-017445-index.htm
- Executive change
  James R. Bosley, Jr. was elected as Chief Executive Officer at Farmers & Merchants Bancshares, Inc..
  - Action: elected
  - Role: Chief Executive Officer
  source text: elected Mr. Bosley to serve in that office until his retirement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698022/000143774922017445/0001437749-22-017445-index.htm
- Executive change
  Gary A. Harris was elected as Director at Farmers & Merchants Bancshares, Inc..
  - Action: elected
  - Role: Director
  source text: elected Mr. Harris to serve as a Class II director of the Company until the 2024 annual meeting
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698022/000143774922017445/0001437749-22-017445-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.