Farmers & Merchants Bancorp (FMAO) appoints Gregory R. Allen to board, sets 2026 director pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Farmers & Merchants Bancorp, Inc. appointed Gregory R. Allen to fill an open vacancy on its Board of Directors effective with his first meeting on September 29, 2026. He will receive compensation consistent with other non-employee directors under the Company’s 2026 fee structure.
For 2026, the Board Chairman receives a cash retainer of $75,000 per year, Board Committee Chairs $55,000, the Board Audit Committee Chair $57,500, and non-committee Chairs $50,000. Each director was also awarded shares equal to $17,500 under the Long-Term Stock Incentive Plan adopted in 2025, with share awards prorated based on service during the calendar year.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Board Chairman retainer: $75,000 per year
Board Committee Chair retainer: $55,000 per year
Audit Committee Chair retainer: $57,500 per year
+2 more
5 metrics
Board Chairman retainer
$75,000 per year
2026 Board Chairman cash retainer
Board Committee Chair retainer
$55,000 per year
2026 Board Committee Chair cash retainer
Audit Committee Chair retainer
$57,500 per year
2026 Board Audit Committee Chair cash retainer
Non-Committee Chair retainer
$50,000 per year
2026 Board Non-Committee Chair cash retainer
Director stock award
$17,500 in shares
Per director under Long-Term Stock Incentive Plan in June 2026
Key Terms
Long-Term Stock Incentive Plan, Emerging growth company, Item 404(a) of SEC Regulation S-K, Board Audit Committee Chair
4 terms
Long-Term Stock Incentive Plan financial
"the Long-Term Stock Incentive Plan adopted by the Company in 2025"
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Item 404(a) of SEC Regulation S-K regulatory
"which would be reportable under Item 404(a) of SEC Regulation S-K"
Board Audit Committee Chair financial
"Board Audit Committee Chair Cash Retainer of $57,500 per year"
FAQ
What board change did Farmers & Merchants Bancorp (FMAO) disclose in this 8-K?
Farmers & Merchants Bancorp added Gregory R. Allen to its Board of Directors. He fills an existing vacancy and will attend his first board meeting on September 29, 2026, serving as a non-employee director under the standard board compensation program.
How are Farmers & Merchants Bancorp (FMAO) directors compensated in 2026?
For 2026, directors receive annual cash retainers and equity. The Board Chairman is paid $75,000, Committee Chairs $55,000, the Audit Chair $57,500, and non-committee Chairs $50,000, plus shares valued at $17,500 under the Long-Term Stock Incentive Plan.
Will Gregory R. Allen serve on any Farmers & Merchants Bancorp (FMAO) board committees?
The company notes it is uncertain at this time which board committees Gregory R. Allen will join. His committee assignments will determine whether he receives additional chair retainers, such as the $55,000 committee chair or $57,500 audit chair cash retainers.
What equity awards do Farmers & Merchants Bancorp (FMAO) directors receive?
Each director was awarded shares equal to $17,500 under the Long-Term Stock Incentive Plan adopted in 2025. Shares were granted immediately before the first Thursday in June 2026, with amounts prorated based on each director’s days of service during the year.
How does Farmers & Merchants Bancorp (FMAO) handle loans to directors and officers?
The company’s bank subsidiary makes loans to directors and executive officers in the ordinary course of business. These loans use substantially the same terms, interest rates, and collateral as comparable customer loans and, according to the disclosure, do not involve more than normal credit risk or unfavorable features.