Farmers & Merchants Bancshares Elects Former CFO Mark Krebs to Board

What Happened

• Farmers & Merchants Bancshares, Inc. (filed 8-K on Sept. 23, 2026) announced that on September 21, 2026 its Board elected Mark C. Krebs as a Class I director of the company and of its wholly owned bank subsidiary, effective until the 2027 annual meeting and thereafter until his successor qualifies. Mr. Krebs, age 66, previously served as the Company’s Treasurer and CFO (Aug 2016–June 30, 2025) and as Executive Vice President – CFO of the Bank (Apr 2017–June 30, 2025).

Key Details

• Election date: September 21, 2026; 8‑K filed Sept. 23, 2026.
• Committee appointments: Asset/Liability, Investor Relations, and Nominating Committees.
• Prior roles: Company Treasurer/CFO (Aug 2016–6/30/2025); Bank EVP–CFO (Apr 2017–6/30/2025); advisor to the Board from Sept 15, 2025 until election.
• Compensation & disclosures: Mr. Krebs will receive the same non‑employee director pay described in the Company’s 2026 Proxy Statement; no related‑party transactions requiring Item 404 disclosure since the start of the fiscal year ended Dec. 31, 2024; prior executive compensation as CFO is discussed in the company’s 2024 and 2025 proxy statements.

Why It Matters

• The appointment adds an experienced former CFO to the Board and to key finance and governance committees, which may strengthen oversight of the company’s balance sheet, investor relations and risk/asset‑liability management. The filing confirms his transition from an executive role to a director role and clarifies compensation and related‑party disclosure status for investors.