secwatch.observer — SEC 8-K summary
======================================

Issuer:     F&M BANK CORP (FMBM)
CIK:        0000740806
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001654954-24-005940
Event type: other_material
Sentiment:  positive
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740806/000165495424005940/0001654954-24-005940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740806/000165495424005940/fmbm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-005940

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer