{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-004638","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2023-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.182992+00:00","generated_at":"2026-06-18T23:46:51.517454+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Farmers and Merchants Bancshares enters SERP with President Gary A. Harris","bullets":["Retirement benefit: 35% of highest 3-year average base salary, paid monthly for 20 years starting at age 65.","Change in control benefit: present value of 20-year stream of 35% of high 3 average pay, paid over 5 years with 4% interest.","Death benefit: lump sum of greater of accrued benefit or $2,127,275.","Early termination and disability benefits: accrued benefit paid over 20 years with interest at Moody's AA bond rate minus 0.25%.","Benefits forfeited if termination for cause or violation of non-compete, confidentiality, or non-solicitation clauses."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-004638","json":"https://secwatch.observer/filing/0001437749-23-004638.json","markdown":"https://secwatch.observer/filing/0001437749-23-004638.md","text":"https://secwatch.observer/filing/0001437749-23-004638.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923004638/0001437749-23-004638-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923004638/fmfg20230224_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T23:46:51.517454+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}