Farmers & Merchants Bancshares, Inc. — fact timeline

Farmers & Merchants Bancshares, Inc. amended Second Amendment to Rights Agreement with Equiniti Trust Company, LLC (effective 2026-06-16).

“On June 16, 2026, Farmers and Merchants Bancshares, Inc. (the “Company”) and Equiniti Trust Company, LLC (“EQ”) entered into a Second Amendment to Rights Agreement (the “Amendment”), which amended the Rights Agreement, dated as of July 30, 2024, by and between the Company and EQ, as amended by that certain First Amendment to Rights Agreement, dated as of June 17, 2025 (as amended, the “Rights Agreement”).”

Farmers & Merchants Bancshares, Inc.: Amended and restated Code of Ethics to be more compliance-focused and principles-based, with updates to conflicts of interest, gifts threshold, new policy areas, and removal of prescriptive detail (effective 2026-05-18).

“On May 18, 2026, the Board of Directors of Farmers and Merchants Bancshares, Inc. (the “Company”) amended and restated the Code of Ethics that applies to all of the Company’s directors and executive officers, including its principal executive officer and principal financial officer (the “Code of Ethics”), for the purpose of updating it and making it a more compliance-focused and principles-based code of ethics.”

Farmers & Merchants Bancshares, Inc. reported three-month period ended March 31, 2026 results: net income net income for the quarter ended March 31, 2026 was $1.8 million, or $0.56 per common share (basic and diluted), EPS $0.56 per common share (basic and diluted).

“Farmers and Merchants Bancshares, Inc. (the "Company") issued a press release describing its financial results for the three-month period ended March 31, 2026.”

Barry Luciani was appointed as Executive Vice President and Chief Retail Banking Officer at Farmers & Merchants Bancshares, Inc..

“appointed Barry Luciani to serve as the Bank’s Executive Vice President and Chief Retail Banking Officer (“CRBO”).”

Paul B. Susie was appointed as Chief Financial Officer at Farmers & Merchants Bancshares, Inc..

“The Company will disclose the information required by Item 5.02 of Form 8-K with respect to Mr. Susie in a Form 8-K that will be filed within four business days of his appointment as the CFO.”

Christopher T. Oswald retired as Senior Vice President of Farmers and Merchants Bancshares, Inc. and Executive Vice President - Chief Operations Officer of Farmers and Merchants Bank at Farmers & Merchants Bancshares, Inc..

“On August 19, 2024, Christopher T. Oswald, the Senior Vice President of Farmers and Merchants Bancshares, Inc. (the “Company”) and the Executive Vice President - Chief Operations Officer of Farmers and Merchants Bank, the Company’s bank subsidiary, retired.”

Farmers & Merchants Bancshares, Inc. shareholders approved Ratification of the Appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for 2024 at the 2024-04-23 meeting.

“Proposal 4 – Ratification of the Appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for 2024: For Against Abstain Broker Non-Votes 1,865,024 4,372 45,147 -”

Farmers & Merchants Bancshares, Inc. shareholders voted on Recommendation, by non-binding advisory vote, of the frequency of future Say-on-Pay Votes (every 1 year, every 2 years, or every 3 years) at the 2024-04-23 meeting.

“Proposal 3 – Recommendation, by non-binding advisory vote, of the frequency of future Say-on-Pay Votes (every 1 year, every 2 years, or every 3 years): 1 Year 2 Years 3 Years Abstain Broker Non-Votes 400,231 1,116,350 73,559 86,977 237,426”

Farmers & Merchants Bancshares, Inc. shareholders approved Adoption of a non-binding advisory resolution approving the compensation paid to the Company’s named executive officers in 2023 at the 2024-04-23 meeting.

“Proposal 2 – Adoption of a non-binding advisory resolution approving the compensation paid to the Company’s named executive officers in 2023 (the “Say-on-Pay Vote”): For Against Abstain Broker Non-Votes 1,368,787 224,196 84,134 237,426”

Farmers & Merchants Bancshares, Inc. shareholders approved Election of four nominees to serve on the Company’s Board of Directors at the 2024-04-23 meeting.

“James R. Bosley, Jr. 2028 1,585,499 91,618 237,426 Ronald W. Hux 2028 1,583,072 94,045 237,426 Emily B. Miller 2028 1,476,545 200,572 237,426 Robert G. Pollokoff 2026 1,473,994 203,123 237,426”

Farmers & Merchants Bancshares, Inc. reported the three months ended March 31, 2024 results: net income $1,219,987, EPS $0.39 per common share (basic and diluted).

“FARMERS AND MERCHANTS BANCSHARES, INC. REPORTS EARNINGS OF $1,219,987 OR $0.39 PER SHARE FOR THE THREE MONTHS ENDED MARCH 31, 2024”

Farmers & Merchants Bancshares, Inc. reported the three months ended December 31, 2023 results: net income $1,415,230, EPS $0.46 per common share (basic and diluted).

“Net income for the three months ended December 31, 2023 was $1,415,230, or $0.46 per common share (basic and diluted), compared to $2,014,282, or $0.66 per common share (basic and diluted), for the fourth quarter of 2022.”

Farmers & Merchants Bancshares, Inc. reported the year ended December 31, 2023 results: net income $6,418,337, EPS $2.08 per common share (basic and diluted).

“Farmers and Merchants Bancshares, Inc. (the “Company”), the parent of Farmers and Merchants Bank (the “Bank”), announced that net income for the year ended December 31, 2023 was $6,418,337, or $2.08 per common share (basic and diluted), compared to $8,090,127, or $2.66 per common share (basic and diluted), for the same period in 2022.”

Farmers & Merchants Bancshares, Inc. reported three- and nine-month periods ended September 30, 2023 results: net income Net income for the three months ended September 30, 2023 was $1,432,139, EPS $0.46 per common share (basic and diluted).

“Net income for the nine months ended September 30, 2023 was $5,003,107, or $1.63 per common share (basic and diluted)”

Robert G. Pollokoff was elected as Director at Farmers & Merchants Bancshares, Inc..

“Effective August 29, 2023, the boards of directors of Farmers and Merchants Bancshares, Inc. (the “Company”) and Farmers and Merchants Bank (the “Bank”) elected Robert G. Pollokoff to serve as a director of the Company and the Bank.”

Emily Bollinger Miller was elected as Director at Farmers & Merchants Bancshares, Inc..

“Effective August 15, 2023, the boards of directors of Farmers and Merchants Bancshares, Inc. (the “Company”) and Farmers and Merchants Bank (the “Bank”) elected Emily Bollinger Miller to serve as a director of the Company and the Bank.”

Farmers & Merchants Bancshares, Inc. reported the three months ended June 30, 2023 results: net income $1,670,117, EPS $0.54 per common share (basic and diluted).

“Net income for the three months ended June 30, 2023 was $1,670,117, or $0.54 per common share (basic and diluted)”

Farmers & Merchants Bancshares, Inc. reported the six months ended June 30, 2023 results: net income $3,570,968, EPS $1.16 per common share (basic and diluted).

“net income for the six months ended June 30, 2023 was $3,570,968, or $1.16 per common share (basic and diluted)”

Farmers & Merchants Bancshares, Inc. shareholders approved Ratification of the Appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for 2023 at the 2023-04-25 meeting.

“Proposal 2 – Ratification of the Appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for 2023: For Against Abstain Broker Non-Votes 1,961,663 8,833 832 -”

Farmers & Merchants Bancshares, Inc. shareholders approved Election of three nominees to serve on the Company's Board of Directors until the earlier of (a) 2027 annual meeting of stockholders and until their successors are duly elected and qualified, (b) he or she is removed in accordance with the Amended and Restated Bylaws (the “Bylaws”), and (c) the time at the 2023-04-25 meeting.

“Proposal 1 – Election of three nominees to serve on the Company’s Board of Directors until the earlier of (a) 2027 annual meeting of stockholders and until their successors are duly elected and qualified, (b) he or she is removed in accordance with the Amended and Restated Bylaws (the “Bylaws”), and (c) the time that he or she fails to qualify to serve as a director as provided in the Bylaws: For Withheld Broker Non-Votes Roger D. Cassell 1,623,305 104,489 243,534 Paul F. Wooden, Jr. 1,656,817 70,977 243,534 Gary A. Harris 1,724,729 3,065 243,534”

Farmers & Merchants Bancshares, Inc. reported the three months ended March 31, 2023 results: net income $1,900,851, EPS $0.62 per common share (basic and diluted).

“Farmers and Merchants Bancshares, Inc. (the “Company”), the parent of Farmers and Merchants Bank (the “Bank”), announced that net income for the three months ended March 31, 2023 was $1,900,851, or $0.62 per common share (basic and diluted), compared to $2,050,802, or $0.68 per common share, for the same period in 2022.”

Farmers & Merchants Bancshares, Inc. reported three months ended December 31, 2022 results: net income $2,014,282, EPS $0.66 per common share (basic and diluted).

“Net income for the three months ended December 31, 2022 was $2,014,282, or $0.66 per common share (basic and diluted)”

Farmers & Merchants Bancshares, Inc. reported year ended December 31, 2022 results: net income $8,090,127, EPS $2.66 per common share (basic and diluted).

“FARMERS AND MERCHANTS BANCSHARES, INC. REPORTS EARNINGS OF $8,090,127 OR $2.66 PER COMMON SHARE FOR THE YEAR ENDED DECEMBER 31, 2022”

Gary A. Harris was appointed as President and Chief Executive Officer at Farmers & Merchants Bancshares, Inc..

“was replaced by Gary A. Harris, who now holds the positions of President and Chief Executive Officer.”

James R. Bosley, Jr. retired as Chief Executive Officer at Farmers & Merchants Bancshares, Inc..

“James R. Bosley, Jr. retired as the Chief Executive Officer of the Company and its bank subsidiary, Farmers and Merchants Bank, on December 31, 2022”

John J. Schuster, Jr. retired as Director at Farmers & Merchants Bancshares, Inc..

“On August 22, 2022, Farmers and Merchants Bank (the “Bank”), the wholly-owned subsidiary of Farmers and Merchants Bancshares, Inc. (the “Company”), received a letter from John J. Schuster, Jr. in which he notified the Bank that he was retiring as a director of the Bank and of the Company for personal reasons.”

Gary A. Harris was elected as Director at Farmers & Merchants Bancshares, Inc..

“elected Mr. Harris to serve as a Class II director of the Company until the 2024 annual meeting”

Gary A. Harris changed role as Chief Executive Officer at Farmers & Merchants Bancshares, Inc..

“When Mr. Bosley retires, Mr. Harris will serve as both the President and the Chief Executive Officer.”

Gary A. Harris was elected as President at Farmers & Merchants Bancshares, Inc..

“they also elected Mr. Harris to serve as President”

James R. Bosley, Jr. was elected as Chief Executive Officer at Farmers & Merchants Bancshares, Inc..

“elected Mr. Bosley to serve in that office until his retirement”