other material
confidence high
sentiment neutral
materiality 0.25
F&M Bank Corp. amends 2020 Stock Incentive Plan to add retirement definition and clarify clawback
F&M BANK CORP
- Added 'Retirement' defined as age 65 and at least 5 consecutive years of service.
- Compensation Committee may, in its discretion, accelerate vesting of unvested awards upon Retirement.
- Clawback provision updated to comply with law, regulation, and exchange listing requirements, including Dodd-Frank.
- Amendment approved by the Board on May 21, 2026; no shareholder approval required.