Farmers & Merchants Bancorp (FMAO) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order virtually, emphasizing inclusivity and digital access for shareholders.

• Corporate secretary and Inspector of Election roles established; agenda included director elections, executive compensation, and auditor ratification.

• Voting procedures and record date for shareholders outlined.

Board and executive committee updates

• Board introduced, including new and existing members; Ahmad Alomari appointed in June for technology expertise.

• Leadership transitions included Kevin Sauder as new chairman and several executive promotions to strengthen management depth.

• Jo Ellen Hornish resigned after 12 years of service.

Overview of voting outcomes

• All 11 director nominees elected.

• Advisory vote on executive compensation approved.

• Auditor ratification for Plante Moran, PLLC, confirmed for 2026.