---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-005940"
form_type: "8-K"
ticker: "FMBM"
cik: "0000740806"
company_name: "F&M BANK CORP"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:24:51.356819+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# F&M Bank Corp. recognizes $577K pension settlement gain; plan to terminate June 1, 2024

## Summary
- Settlement accounting triggered on defined benefit pension plan due to lump sum payments exceeding service and interest cost.
- Recognized gain of $547,345 in Q2 2024, later increased to $577,305 after an additional lump sum distribution.
- Company intends to terminate the pension plan on June 1, 2024.

## SEC filing metadata
- accession: 0001654954-24-005940
- form_type: 8-K
- ticker: FMBM
- cik: 0000740806
- company_name: F&M BANK CORP
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740806/000165495424005940/0001654954-24-005940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740806/000165495424005940/fmbm_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-005940
- JSON: https://secwatch.observer/filing/0001654954-24-005940.json
- Plain text: https://secwatch.observer/filing/0001654954-24-005940.txt

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