false 0001698022 0001698022 2023-08-15 2023-08-15

 

 

 

 

Date of Report (Date of earliest event reported): August 15, 2023

 

(Exact name of registrant as specified in its charter)

 

                                                               

                  

Registrant’s telephone number, including area code: (410) 374-1510

 

(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 obligations of the registrant under any of the following provisions:

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Exchange Act: None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. ☐

 

 

 

 

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. The boards expect to appoint Mrs. Miller to the Facilities Committee, the Compensation Committee, and the Marketing Steering Committee.

 

Mrs. Miller, age 37, has been an owner/partner and the Secretary and Treasurer of Barnes-Bollinger Insurance Services, Inc., a full-service insurance firm, since 2019 and has served in various roles in the business since 2008, most recently as a Risk Advisor. She holds a Certified Insurance Counselor (CIC) designation. Mrs. Miller serves as a member of the boards of the Carroll County Chamber of Commerce, the Carroll Hospital Foundation, the Carroll Community College Foundation, the Agency Insurance Company of Maryland, Inc., and the Carroll County Youth Services Bureau and is a member of the Advisory Board of the Carroll County Farm Museum. The boards of directors of the Company and the Bank believe that Mrs. Miller’s qualifications to serve as a director include her many years as a business owner, her dedicated community involvement, and her experience as a board member for various other organizations.

 

For her service on the Bank’s board of directors, Mrs. Miller will be entitled to receive the same director compensation as that received by other non-employee directors, which is $800 for each meeting of the board of directors attended and $510 for each committee meeting attended. Director compensation is set by the entire board of directors of the Bank. Directors do not receive compensation for serving on the Company’s board of directors.

 

Mrs. Miller has not been, and is not, a party to any transaction with the Company or any of its subsidiaries of the types subject to disclosure pursuant to Item 404(a) of Regulation S-K.

 

A copy of the Company’s press release dated August 15, 2023 regarding the election is filed herewith as Exhibit 99.1.

 

 

 

The exhibits furnished with this report are listed in the following Exhibit Index:

 

 

 

 

 

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.