Farmers & Merchants Bancorp Files 8-K
Ticker: FMCB · Form: 8-K · Filed: Sep 16, 2024 · CIK: 1085913
| Field | Detail |
|---|---|
| Company | Farmers & Merchants Bancorp (FMCB) |
| Form Type | 8-K |
| Filed Date | Sep 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $55.0 million, $25.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure, financials
Related Tickers: FMB
TL;DR
FMB filed an 8-K on 9/10/24 covering Reg FD, other events, and financials.
AI Summary
On September 10, 2024, Farmers & Merchants Bancorp filed an 8-K report detailing a Regulation FD Disclosure and Other Events. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and headquartered in Lodi, California.
Why It Matters
This 8-K filing provides important updates and disclosures for Farmers & Merchants Bancorp, which could impact investor understanding of the company's current status and financial reporting.
Risk Assessment
Risk Level: low — The filing is a routine current report and does not appear to contain any immediately alarming or significant negative news.
Key Numbers
- 000-26099 — SEC File Number (Identifies the company's filing with the SEC.)
- 94-3327828 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Farmers & Merchants Bancorp (company) — Registrant
- September 10, 2024 (date) — Date of Earliest Event Reported
- Lodi, California (location) — Principal Executive Offices
- Delaware (location) — State of Incorporation
FAQ
What specific events are being disclosed under Regulation FD?
The filing indicates a Regulation FD Disclosure but does not specify the exact nature of the disclosure within the provided text.
What are the 'Other Events' being reported?
The filing mentions 'Other Events' as a category but does not provide details on what these events entail in the excerpt.
When was the report filed with the SEC?
The report was filed as of date September 16, 2024.
What is the primary business of Farmers & Merchants Bancorp?
Farmers & Merchants Bancorp is classified under NATIONAL COMMERCIAL BANKS [6021].
Where are the principal executive offices of Farmers & Merchants Bancorp located?
The principal executive offices are located at 111 West Pine Street, Lodi, California 95240.
Filing Stats: 674 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-09-16 16:42:26
Key Financial Figures
- $55.0 million — issued a press release announcing a new $55.0 million share repurchase program for the Compan
- $25.0 million — rd of Directors terminated the existing $25.0 million share repurchase program. A copy of thi
Filing Documents
- ef20035694_8k.htm (8-K) — 31KB
- ef20035694_ex99-1.htm (EX-99.1) — 15KB
- image1.jpg (GRAPHIC) — 454KB
- 0001140361-24-041179.txt ( ) — 799KB
- fmcb-20240910.xsd (EX-101.SCH) — 4KB
- fmcb-20240910_lab.xml (EX-101.LAB) — 20KB
- fmcb-20240910_pre.xml (EX-101.PRE) — 14KB
- ef20035694_8k_htm.xml (XML) — 4KB
01. Regulation
Item 7.01. Regulation FD Disclosure On September 16, 2024, Farmers & Merchants Bancorp (the "Company") issued a press release announcing a new $55.0 million share repurchase program for the Company's outstanding Common Stock, which will expire on December 31, 2026. Concurrently the Company's Board of Directors terminated the existing $25.0 million share repurchase program. A copy of this press release is furnished herewith as Exhibit 99.1.
01. Other Events
Item 8.01. Other Events . On September 10, 2024, the Company's Board of Directors approved a new share repurchase program (the "Repurchase Plan") pursuant to which the Company may repurchase up to $55.0 million of the Company's outstanding Common Stock. The Board concurrently terminated the existing $25.0 million share repurchase program. Repurchases by the Company under the Repurchase Plan may be made from time to time through open market purchases, trading plans established in accordance with U.S. Securities and Exchange Commission rules, privately negotiated transactions, or by other means. The actual means and timing of any repurchases, the quantity of purchased shares and prices are subject to certain limitations, including, without limitation, market prices of the Company's common shares, general market and economic conditions, the Company's financial performance, capital position, and applicable legal and regulatory requirements, and at the discretion of the Chief Executive Officer and Chief Financial Officer. Repurchases under the Repurchase Plan may be initiated, discontinued, suspended, or restarted at any time in the Company's discretion. The Company is not obligated to repurchase any shares under the Repurchase Plan. No shares shall be repurchased pursuant to the authority granted in the Repurchase Plan after December 31, 2026. Repurchased shares are to be used to fund the Company's non-qualified retirement plans or may be returned to the status of authorized but unissued common shares of the Company.
01. Financial
Item 9.01. Financial (c) Exhibit 99.1 Share Repurchase Program Press Release, dated September 16, 2024 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. Date: September 16, 2024 FARMERS & MERCHANTS BANCORP By: /s/ Bart R. Olson Bart R. Olson Executive Vice President & Chief Financial Officer EXHIBIT INDEX Exhibit Document 99.1 Share Repurchase Program Press Release, dated September 16, 2024