---
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"
generated_at: "2026-06-18T23:46:51.517454+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Farmers and Merchants Bancshares enters SERP with President Gary A. Harris

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004638
- JSON: https://secwatch.observer/filing/0001437749-23-004638.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004638.txt

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