Farmers & Merchants Bancorp, Inc. shareholders elected eleven directors, approved executive compensation, and ratified Plante Moran, PLLC as the independent auditor for fiscal year 2026 at the Annual Meeting held April 20, 2026.
Key takeaways
All eleven director nominees were elected to serve until the 2027 Annual Meeting, with 'For' votes ranging from 4.79M to 6.76M.
The advisory proposal to approve executive compensation passed with 6.33M votes for and 372,945 against.
Shareholders ratified the appointment of Plante Moran, PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
The auditor ratification received strong support with 9.79M votes for and only 27,210 against.
Broker non-votes totaled 3,073,749 for director elections and compensation, but zero for the auditor ratification.