secwatch.observer — SEC 8-K summary
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Issuer:     F&M BANK CORP (FMBM)
CIK:        0000740806
Form:       8-K
Filed at:   2026-05-27T20:00:25+00:00
Accession:  0001654954-26-005428
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F&M Bank Corp. amends 2020 Stock Incentive Plan to add retirement definition and clarify clawback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740806/000165495426005428/0001654954-26-005428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740806/000165495426005428/fmbm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-005428

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