leadership
confidence high
sentiment neutral
materiality 0.50
F&M Bank Corp. amends employment agreements for CEO, President, CFO with new base salaries and severance terms
F&M BANK CORP
- CEO Aubrey Michael Wilkerson base salary set at $375,950; term through Dec 31, 2026 with auto-renewal.
- President Barton E. Black base salary set at $329,250; same term and renewal provisions.
- CFO Lisa F. Campbell base salary set at $292,500; same term and renewal.
- Non-Cause/Good Reason severance includes 12 months base salary and COBRA benefit; Change-in-Control severance is 2.99x base plus bonus lump sum.
- Each executive reaffirms 18-month non-compete and confidentiality covenants.