Farmers & Merchants Bancorp (OTCMKTS:FMAO) Files An 8-K Submission of Matters to a Vote of Security Holders

On May 24, 2018, Farmers & Merchants Bancorp (the “Company”) held its Annual Meeting of Stockholders (the “Meeting”) for which the Board of Directors solicited proxies. A quorum of stockholders was present, consisting of a total of 642,436 shares or 79.1% of shares outstanding. The following items were voted on during the Meeting:

1. Election of Directors

The seven nominees listed below were elected and the results of the election were as follows:

2. Amendment of Amended Certificate of Incorporation to Increase the Number of Authorized Shares of Common Stock from 7,500,000 to 40,000,000

Stockholders approved the increase in our authorized shares of common stock from 7,500,000 to 40,000,000. The results of the voting were as follows:

In approving this proposal the stockholders also granted the Board discretionary authority (i.e., without further stockholder action) to determine whether to delay the proposed amendment. The Company currently expects to effect the increase in the authorized shares of common stock in the fourth quarter of 2018 or first quarter of 2019 by filing a certificate of amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware.

On May 24, 2018, Farmers & Merchants Bancorp announced the Board of Directors’ declaration of a mid-year cash dividend in the amount of $6.90 per share to be paid on July 2, 2018 to stockholders of record as of the close of business on June 8, 2018. A copy of this press release is included as Exhibit 99 and incorporated herein by reference.

FARMERS & MERCHANTS BANCORP ExhibitEX-99 2 ex99.htm EXHIBIT 99 Exhibit 99 Farmers & Merchants Bancorp Announces Increased Cash Dividend for the 53rd Consecutive Year The Board of Directors of Farmers & Merchants Bancorp (OTCQX: FMCB),…To view the full exhibit click here
About Farmers & Merchants Bancorp (OTCMKTS:FMAO)
Farmers & Merchants Bancorp, Inc. is a bank holding company, which through its bank subsidiary, The Farmers & Merchants State Bank (the Bank), provides a range of financial services to individuals and small businesses through its offices in Northwest Ohio and Northeast Indiana. The Bank engages in general commercial banking business, which include commercial, agricultural and residential mortgage, consumer and credit card lending activities. The Bank’s loan portfolio consists of loans made to customers in the farming industry, such as farm land, farm equipment, livestock and operating loans for seed, fertilizer and feed. Other types of lending activities include loans for home improvements, and loans for such items as autos, trucks, recreational vehicles and motorcycles. It also provides checking account services, as well as savings and time deposit services, such as certificates of deposits. The Bank provides online banking access for consumer and business customers.