Farmers and Merchants Bancshares adopts new DRIP, delays semi-annual dividend until June 2025

Farmers & Merchants Bancshares, Inc.

Filed S-1 registration statement for new 2025 Dividend Reinvestment Plan to replace exhausted 2017 plan.
Board delays semi-annual cash dividend pending SEC effectiveness of the S-1; anticipates June 2025 declaration.
One-time deviation; company reaffirms intention to continue semi-annual dividend policy going forward.
New DRIP will allow common stock issuance after SEC declares registration effective.

item 7.01item 9.01

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