Farmers & Merchants Bancorp Announces Board and Officer Changes
Ticker: FMCB · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1085913
| Field | Detail |
|---|---|
| Company | Farmers & Merchants Bancorp (FMCB) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, officer-appointment
TL;DR
FMB board shakeup: new directors elected, officers depart. Details inside.
AI Summary
Farmers & Merchants Bancorp announced on December 3, 2024, changes in its board of directors and officer appointments. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key personnel. Specific names and financial details of these changes are outlined within the report.
Why It Matters
Changes in a company's leadership and board composition can signal shifts in strategy, governance, or future direction, impacting investor confidence and operational focus.
Risk Assessment
Risk Level: medium — Changes in executive and board leadership can introduce uncertainty regarding future strategy and operational stability.
Key Numbers
- 209-367-2300 — Phone Number (Registrant's principal executive offices phone number)
Key Players & Entities
- Farmers & Merchants Bancorp (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Lodi, California (location) — Principal executive offices
FAQ
What specific roles have been affected by the departure of officers and directors?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' suggesting multiple roles have been impacted, though specific names and titles of departing individuals are detailed within the full report.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 3, 2024.
What is the primary business of Farmers & Merchants Bancorp?
Farmers & Merchants Bancorp is classified under NATIONAL COMMERCIAL BANKS [6021].
Where are Farmers & Merchants Bancorp's principal executive offices located?
The principal executive offices of Farmers & Merchants Bancorp are located at 111 West Pine Street, Lodi, California 95240.
What is the SIC code for Farmers & Merchants Bancorp?
The Standard Industrial Classification (SIC) code for Farmers & Merchants Bancorp is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
Filing Stats: 756 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-12-03 16:38:36
Filing Documents
- ef20039448_8k.htm (8-K) — 33KB
- ef20039448_ex99-1.htm (EX-99.1) — 13KB
- image0.jpg (GRAPHIC) — 29KB
- image00002.jpg (GRAPHIC) — 6KB
- 0001140361-24-048314.txt ( ) — 224KB
- fmcb-20241203.xsd (EX-101.SCH) — 4KB
- fmcb-20241203_lab.xml (EX-101.LAB) — 20KB
- fmcb-20241203_pre.xml (EX-101.PRE) — 14KB
- ef20039448_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously disclosed on September 9, 2024, Deborah Skinner, Executive Vice President and Chief Administrative Officer of Farmers & Merchants Bancorp (the "Company") announced her intention to retire effective December 31, 2024. As an update to that announcement, the Company announced today that Troy D. Harper, age 57 will join the Company as its Executive Vice President and Chief Administrative Officer, effective December 9, 2024. Mr. Harper will succeed Ms. Skinner, who has served as Chief Administrative Officer of the Company over the past 24 years. Mr. Harper brings over 30 years of operational expertise in financial services to the Company, including more than 20 years in commercial and retail banking. Prior to joining the Company, he was Executive Vice President, Chief Information & Operations Officer, for HomeStreet Bank, where he led deposit, loan, and treasury management operations, IT, corporate real estate, and security. His career experience includes additional banking and operational roles at the FDIC, Pierce Commercial Bank, CGI Group, and Deloitte Consulting. He received a B.S. in finance and accounting management from Northeastern University. There are no arrangements or understandings between Mr. Harper and any other persons pursuant to which Mr. Harper was named an executive officer of the Company. There are no family relationships between Mr. Harper and any of the Company's directors or executive officers, and Mr. Harper does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under
(a) of Regulation S-K
Item 404(a) of Regulation S-K. Mr. Harper will work closely with Ms. Skinner through year end, to ensure a seamless transition.
01
Item 7.01 Regulation FD Disclosure. On December 3, 2024, the Company issued a press release announcing the appointment of Mr. Harper as Executive Vice President and Chief Administrative Officer of the Company. A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press release, dated December 3, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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: December 3, 2024