leadership
confidence high
sentiment neutral
materiality 0.35
F&M Bank Corp. director Michael W. Pugh retires; board expands stock incentive plans
F&M BANK CORP
- Michael W. Pugh retired from F&M Bank Corp.'s Board of Directors on September 24, 2026, effective immediately, after reaching the mandatory retirement age in the bylaws.
- The Board approved Amendment No. 2 to the 2020 Stock Incentive Plan, raising issuable common shares from 200,000 to 500,000, adopted September 24, 2026.
- The Board approved Amendment No. 1 to the 2023 Directors Stock Incentive Plan, raising issuable common shares from 25,000 to 100,000, adopted September 24, 2026.
- Aubrey M. Wilkerson, President and CEO, attested to both amendments, which were adopted by the Board on September 24, 2026.