STOCK TITAN

F&M Bank Corp. raises 2020 stock award limit to 500,000 shares

The amendments raise the share counts available for awards to 500,000 under the 2020 Plan and 100,000 under the 2023 Directors Stock Incentive Plan.

(High)

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Form Type
8-K

Rhea-AI Filing Summary

F&M Bank Corp. reported amendments to two stock incentive plans and the retirement of Michael W. Pugh from its Board of Directors, effective September 24, 2026. Pugh retired after reaching the mandatory retirement age in the company’s amended and restated bylaws. The amendment to the 2020 Stock Incentive Plan increased the number of common shares that may be issued pursuant to awards from 200,000 to 500,000. The amendment to the 2023 Directors Stock Incentive Plan increased that number from 25,000 to 100,000. The board approved both amendments on September 24, 2026.

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.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
2020 Stock Incentive Plan share count before amendment 200,000 shares Shares that may be issued pursuant to awards before the September 24, 2026 amendment
2020 Stock Incentive Plan share count after amendment 500,000 shares Shares that may be issued pursuant to awards after the September 24, 2026 amendment
2023 Directors Stock Incentive Plan share count before amendment 25,000 shares Shares that may be issued pursuant to awards before the September 24, 2026 amendment
2023 Directors Stock Incentive Plan share count after amendment 100,000 shares Shares that may be issued pursuant to awards after the September 24, 2026 amendment
2020 Stock Incentive Plan technical
"the Company’s 2020 Stock Incentive Plan"
2023 Directors Stock Incentive Plan technical
"the Company’s 2023 Directors Stock Incentive Plan"
mandatory retirement age regulatory
"mandatory retirement age set forth in the Company’s amended and restated bylaws"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share limits did FMBM approve for its stock incentive plans?

The 2020 Stock Incentive Plan’s share count for awards increased from 200,000 to 500,000 common shares, and the 2023 Directors Stock Incentive Plan’s count increased from 25,000 to 100,000. The board approved both amendments on September 24, 2026.

Who retired from FMBM’s board and when?

Michael W. Pugh retired from F&M Bank Corp.’s Board of Directors effective September 24, 2026, after reaching the mandatory retirement age set forth in the company’s amended and restated bylaws.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 24, 2026

 

_________________________

 

F&M Bank Corp.

(Exact name of registrant as specified in its charter)

 

 Virginia

 

 000-13273

 

54-1280811

(State or other jurisdiction

of incorporation)

 

(Commission File Number)

 

(IRS Employer

Identification No.)

 

P.O. Box 1111

Timberville, Virginia 22853

(540) 896-8941

(Address including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(b) On September 24, 2026, Michael W. Pugh retired from the Board of Directors of F & M Bank Corp. (the “Company”), effective immediately, having reached the mandatory retirement age set forth in the Company’s amended and restated bylaws.

 

(e) On September 24, 2026, the Board of Directors of the Company approved an amendment to the Company’s 2020 Stock Incentive Plan (the “2020 Plan”). The amendment increased the number of shares of the Company’s common stock that may be issued pursuant to awards under the 2020 Plan from 200,000 shares to 500,000 shares. On the same date, the Board of Directors of the Company also approved an amendment to the Company’s 2023 Directors Stock Incentive Plan (the “2023 Plan”). The amendment increased the number of shares of the Company’s common stock that may be issued pursuant to awards under the 2023 Plan from 25,000 shares to 100,000 shares.

 

The description of the amendments to the 2020 Plan and the 2023 Plan contained herein do not purport to be complete and are qualified in their entirety by reference to the full text of the amendments, which are filed as Exhibit 10.1 and Exhibit 10.2 and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

 

Description

10.1

 

Amendment No. 2 to the F & M Bank Corp. 2020 Stock Incentive Plan

10.2

 

Amendment No. 1 to the F & M Bank Corp. Directors Stock Incentive Plan

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 F & M Bank Corp.
    
By:/s/ Lisa F. Campbell

 

 

Lisa F. Campbell 
  Executive Vice President and Chief Financial Officer 

 

 

 

 

Date: September 28, 2026   

 

 

3

Filing Exhibits & Attachments

7 documents

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