other material
confidence high
sentiment neutral
materiality 0.50
F&M Bank Corp. replaces auditor YHB with Elliott Davis; adopts bylaw amendments
F&M BANK CORP
- Dismissed Yount, Hyde & Barbour as auditor effective after FY2024 audit; no disagreements or reportable events.
- Engaged Elliott Davis, PLLC as new independent auditor for FY2025, subject to client acceptance procedures.
- Bylaws amended: white proxy card reserved for board; shareholder notice window widened to 90-135 days pre-meeting.
- Bylaws also updated to allow uncertificated shares and codified fiscal year as Jan 1 – Dec 31.