Research Summary
AI-generated summary of this SEC filing
F&M Bank Corp Reports 2026 Shareholder Vote Results
What Happened
F&M Bank Corp (FMBM) filed an 8-K on May 19, 2026 disclosing the results of its annual meeting held May 16, 2026. Shareholders elected four directors to three‑year terms and one director to a one‑year term, ratified Elliott Davis, PLLC as the independent auditor for 2026, and approved the advisory (non‑binding) Say‑on‑Pay vote for named executive officer compensation.
Key Details
- Directors elected:
- Hannah W. Hutman — For: 1,701,595; Withheld: 26,641; Broker non‑votes: 835,627
- A. Michael Wilkerson — For: 1,701,596; Withheld: 26,640; Broker non‑votes: 835,627
- John A. Willingham — For: 1,712,745; Withheld: 15,491; Broker non‑votes: 835,627
- Dean W. Withers — For: 1,678,332; Withheld: 49,904; Broker non‑votes: 835,627
- Bret V. Harrison (one‑year term) — For: 1,712,745; Withheld: 15,491; Broker non‑votes: 835,627
- Ratification of auditor: Elliott Davis, PLLC approved — For: 2,561,366; Against: 2,395; Abstain: 102.
- Say‑on‑Pay (advisory): Approved — For: 1,633,673; Against: 64,861; Abstain: 29,702; Broker non‑votes: 835,627.
Why It Matters
The results confirm continuity of the bank’s board and management oversight through newly elected directors and reappointment of the independent auditor, which supports operational and financial reporting stability. The advisory approval of executive compensation indicates shareholder support for the company’s pay practices, though it is non‑binding. The sizable number of broker non‑votes (835,627) is notable and can affect the total vote tallies for contested proposals.