secwatch.observer — SEC 8-K summary
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Issuer:     F&M BANK CORP (FMBM)
CIK:        0000740806
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001654954-25-014119
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F&M Bank Corp. amends employment agreements for CEO, President, CFO with new base salaries and severance terms
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740806/000165495425014119/0001654954-25-014119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740806/000165495425014119/fmbm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-014119

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