Farmers & Merchants Bancorp Announces 2024 Annual Meeting Details

TL;DR

<b>Farmers & Merchants Bancorp will hold its 2024 Annual Meeting virtually on May 13, 2024, urging shareholders to vote promptly.</b>

AI Summary

FARMERS & MERCHANTS BANCORP (FMCB) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. Annual Meeting to be held virtually on May 13, 2024, at 4:00 P.M. Pacific Time. Shareholders will receive proxy statements and the 2023 annual report on or about April 5, 2024. Voting can be done by mail, telephone, or internet. The company emphasizes the importance of shareholder participation regardless of share count. Kent A. Steinwert, Chairman, President, and CEO, signed the shareholder letter.

Why It Matters

For investors and stakeholders tracking FARMERS & MERCHANTS BANCORP, this filing contains several important signals. The virtual format requires shareholders to use proxy card information to access the meeting, highlighting the need for prompt voting and retention of materials. The company's commitment to balancing stakeholder interests (shareholders, clients, associates, communities) is reiterated, suggesting a focus on sustainable growth and community support.

Risk Assessment

Risk Level: low — FARMERS & MERCHANTS BANCORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain significant new financial or strategic information that would alter the company's risk profile.

Analyst Insight

Shareholders should review the proxy statement for details on voting procedures and any proposals to be considered at the May 13th virtual annual meeting.

Key Numbers

• May 13, 2024 — Annual Meeting Date (Date of the virtual Annual Meeting of Shareholders.)
• 4:00 P.M. Pacific Time — Annual Meeting Time (Time of the virtual Annual Meeting of Shareholders.)
• April 5, 2024 — Proxy Statement Mailing Date (Approximate date proxy statements and 2023 annual report will be mailed.)

Key Players & Entities

• FARMERS & MERCHANTS BANCORP (company) — Registrant name
• DEF 14A (document) — Filing type
• 2024-04-03T00:00:00.000Z (date) — Filing date
• May 13, 2024 (date) — Annual Meeting date
• 20240405 (date) — Mailing date for proxy statements and annual report
• Kent A. Steinwert (person) — Chairman, President, and Chief Executive Officer
• LODI, CA (location) — Company's business and mailing address
• 2093672411 (phone) — Company's business phone number

FAQ

Industry Context

Farmers & Merchants Bancorp operates within the national commercial banks sector, providing financial services.

Regulatory Implications

The filing is a Schedule 14A (DEF 14A) under the Securities Exchange Act of 1934, requiring disclosure of information for proxy solicitations.

What Investors Should Do

1. Review the proxy statement for details on proposals and voting procedures.
2. Vote shares by mail, telephone, or internet before the Annual Meeting.
3. Retain proxy card information for virtual meeting access.

Key Dates

• 2024-05-13: Annual Meeting of Shareholders — Shareholders will attend virtually and vote on company matters.
• 2024-04-05: Mailing of Proxy Materials — Shareholders will receive proxy statements and the 2023 annual report.

Year-Over-Year Comparison

This filing is a definitive proxy statement (DEF 14A) for the upcoming annual meeting, following the standard disclosure requirements for such events.

Key Financial Figures

• $2 million — o review all new and renewed loans over $2 million and evaluate overall portfolio performa

Filing Documents

• brhc10050742_def14a.htm (DEF 14A) — 462KB
• ny20025154x1_def14a-img01.jpg (GRAPHIC) — 20KB
• ny20025154x1_def14a-img02.jpg (GRAPHIC) — 7KB
• ny20025154x1_def14a-img03.jpg (GRAPHIC) — 5KB
• ny20025154x1_def14a-img04.jpg (GRAPHIC) — 5KB
• ny20025154x1_def14a-img05.jpg (GRAPHIC) — 3KB
• ny20025154x1_def14a-img06.jpg (GRAPHIC) — 210KB
• ny20025154x1_def14a-img07.jpg (GRAPHIC) — 273KB
• 0001140361-24-017483.txt (&nbsp;) — 2217KB
• fmcb-20240513.xsd (EX-101.SCH) — 3KB
• fmcb-20240513_def.xml (EX-101.DEF) — 2KB
• brhc10050742_def14a_htm.xml (XML) — 42KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT To the knowledge of the Company, as of the record date, no person or entity was the beneficial owner of more than five percent (5%) of the outstanding shares of the Company's common stock, except as set forth in the following tables. For the purpose of this disclosure and the disclosure of shares owned by management, shares are considered to be "beneficially" owned if the person has or shares the power to vote or direct the voting of the shares, the power to dispose of or direct the disposition of the shares, or the right to acquire beneficial ownership (as so defined) within 60 days of the Record Date. Title of Class Name and Address of Beneficial Owner Amount and Nature of Beneficial Percent of Class DAC/JAC Trust and Cortopassi Partners Common stock 11292 N. Alpine Road Stockton, CA 95212 41,755 5.58% The Sheila M. Wishek Living Trust (1) Common stock 111 West Pine Street Lodi, CA, 95240 39,850 5.33% (1) Mail should be sent to this individual at the Company's address marked "c/o Shareholders Relations." - 9 - The following table shows, as of December 31, 2023, the number of common shares and the percentage of the total shares of Common Stock of the Company beneficially owned by each of the current Directors, by each of the nominees for election to the office of Director, by the Named Executive Officers and by all Directors and Named Executive Officers of the Company and of the Bank as a group. Unless otherwise indicated, all shares of Common Stock held by each individual named in the table below are held by the trustee (the "Trustee") of the Farmers & Merchants Bank of Central California and Farmers & Merchants Bancorp Executive Retirement Plan Trust and the Senior Management Retention Plan Trust, which held as of December 31, 2023, a total of 67,082 shares (8.97% of the outstanding shares) attributable to the Directors and officers, some of which

View Full Filing

View this DEF 14A filing on SEC EDGAR