F&M Bancorp enters new CEO employment agreement with Lars Eller through 2024

FARMERS & MERCHANTS BANCORP INC

Base salary of $389,480; three-year term from Sept 1, 2021 to Aug 31, 2024.
Target restricted stock grant of 4,000 shares under Long-Term Equity Incentive Plan.
Change-in-control severance: 2x base salary plus average bonus; 12 months continued benefits.
Non-compete and non-solicit covenants apply during employment and one year post-termination.
Agreement substantially similar to prior contract; F&M parent guarantees performance.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.