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
May 15, 2023
(Date of earliest event reported)
Farmers & Merchants Bancorp
(Exact name of registrant as specified in its charter)
Delaware
| 000-26099
| 94-3327828
|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
111 West Pine Street, Lodi, California 95240
(Address of principal executive offices) (Zip Code)
(209) 367-2300
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changes 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 | Not Applicable | Not Applicable |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 5.07 | Submission of Matters to a Vote of Security Holders. |
On May 15, 2023, 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 475,784 shares or 62.35% 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:
| | | Votes | Votes | |
| | Name | For | Withheld | Uncast |
| | | | | |
| | Kent A. Steinwert | 470,516 | 5,268 | 0 |
| | Edward Corum, Jr. | 470,395 | 5,389 | 0 |
| | Stephenson K. Green | 469,710 | 6,074 | 0 |
| | Craig W. James | 469,944 | 5,840 | 0 |
| | Gary J. Long | 469,399 | 6,385 | 0 |
| | Kevin Sanguinetti | 470,996 | 4,788 | 0 |
| | Calvin (Kelly) Suess | 468,559 | 7,225 | 0 |
2. Approval, By Non-Binding Vote, On the Compensation of the Named Executive Officers (Say-On-Pay)
In accordance with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“the Act”), the Company asked stockholders to provide advisory (non-binding) approval of executive compensation as described in the “Executive Compensation Discussion and Analysis” section of the 2023 proxy statement. The results of the election were as follows:
| | | Shares | % of Voted Shares |
| | For | 442,253 | 92.95% |
| | Against | 8,469 | 1.78% |
| | Abstain | 25,062 | 5.27% |
3. Stockholder Vote on Frequency of Stockholder Votes on Executive Compensation
Consistent with the Act, the Company also asked for stockholder input with regard to the frequency of future stockholder advisory (non-binding) votes on our executive compensation programs. The results of the election were as follows:
| | | Shares | % of Voted Shares |
| | Three Years | 400,645 | 84.21% |
| | Two Years | 10,395 | 2.18% |
| | One Year | 44,881 | 9.44% |
| | Abstain | 19,863 | 4.17% |
SIGNATURE
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.
| | FARMERS & MERCHANTS BANCORP |
| | | |
| | By | /s/ Bart R. Olson |
| | |
| |
| | | |
| | | Bart R. Olson |
| | | Executive Vice President & Chief Financial Officer |
| | | |
| Date: May 16, 2023 | | |
