Farmers & Merchants Bancshares annual meeting elects directors, say-on-pay approved; future votes every 2 years

Farmers & Merchants Bancshares, Inc.

Four director nominees elected with 1,473,994 to 1,585,499 votes cast for; broker non-votes of 237,426.
Non-binding say-on-pay resolution approved with 1,368,787 for, 224,196 against, 84,134 abstain.
Advisory vote on frequency of say-on-pay favored 2 years (1,116,350 votes) over 1 year (400,231).
Board decides future say-on-pay votes every 2 years, beginning with 2026 annual meeting.
Ratification of Yount, Hyde & Barbour as auditor for 2024 passed with 1,865,024 for, 4,372 against.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Farmers & Merchants Bancshares, Inc. shareholders approved Adoption of a non-binding advisory resolution approving the compensation paid to the Company’s named executive officers in 2023 at the 2024-04-23 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2024-04-23

Exact text from the filing

Proposal 2 – Adoption of a non-binding advisory resolution approving the compensation paid to the Company’s named executive officers in 2023 (the “Say-on-Pay Vote”): For Against Abstain Broker Non-Votes 1,368,787 224,196 84,134 237,426

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Farmers & Merchants Bancshares, Inc. shareholders approved Ratification of the Appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for 2024 at the 2024-04-23 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-04-23

Exact text from the filing

Proposal 4 – Ratification of the Appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for 2024: For Against Abstain Broker Non-Votes 1,865,024 4,372 45,147 -

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Farmers & Merchants Bancshares, Inc. shareholders approved Election of four nominees to serve on the Company’s Board of Directors at the 2024-04-23 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-04-23

Exact text from the filing

James R. Bosley, Jr. 2028 1,585,499 91,618 237,426 Ronald W. Hux 2028 1,583,072 94,045 237,426 Emily B. Miller 2028 1,476,545 200,572 237,426 Robert G. Pollokoff 2026 1,473,994 203,123 237,426

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Farmers & Merchants Bancshares, Inc. shareholders voted on Recommendation, by non-binding advisory vote, of the frequency of future Say-on-Pay Votes (every 1 year, every 2 years, or every 3 years) at the 2024-04-23 meeting.

Proposal: say on pay frequency
Meeting: 2024-04-23

Exact text from the filing

Proposal 3 – Recommendation, by non-binding advisory vote, of the frequency of future Say-on-Pay Votes (every 1 year, every 2 years, or every 3 years): 1 Year 2 Years 3 Years Abstain Broker Non-Votes 400,231 1,116,350 73,559 86,977 237,426

View on SEC.gov

546 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Farmers & Merchants Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-012975

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