Company: FMFG
Filing Date: 2025-03-24
Form Type: DEFC14A
Source: 0001437749-25-008883
Chunk: 5

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-03-24
Form: DEFC14A
Chunk 5
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) of the Exchange Act by failing to provide notice with a statement that the Renbaums intend to solicit the holders of shares representing at least 67% of the voting power of shares entitled to vote on the election of directors in support of director nominees other than the Company’s nominees. As the Renbaums did not provide notice in accordance with Rule 14a-19(b) of the Exchange Act, the Company believes that they may not solicit proxies in support of any director nominees other than the Company’s nominees at the Annual Meeting. Therefore, the WHITE Proxy Card accompanying this Proxy Statement does not include the names of the Purported Nominees on a “universal proxy card.”

However, if litigation occurs and the result of such litigation is that the Purported Nomination Notice is deemed valid and a court of competent jurisdiction determines that the Renbaums complied with Rule 14a‑19 of the Exchange Act, then the Company would amend the Proxy Statement and the accompanying WHITEProxy Card to reflect that development in order to comply with the applicable aspects of Schedule 14A and Rule 14a-19 of the Exchange Act. Further, in such scenario, the Company would include the names of the Purported Nominees on a “universal proxy card” and mail a revised proxy statement and such universal proxy card to stockholders. In addition, in this scenario, no proxies or votes received on the Company’s previously circulated proxy card would be recognized or tabulated at the Annual Meeting. These proxies would be disregarded. Accordingly, if you vote on the Company’s WHITEProxy Card accompanying the Proxy Statement, and the Purported Nomination Notice is subsequently deemed valid and the Renbaums are found to have subsequently complied with Rule 14a-19 under the Exchange Act, your votes would not be recognized or tabulated, and you would have to vote again for your vote to be counted. In such scenario, the Company would potentially need to delay the Annual Meeting to allow time for stockholders to receive and consider the new proxy materials. Please note that there is currently no litigation pending.

Despite the Company Board’s determination that the Purported Nomination Notice is invalid, you may receive solicitation materials from the Renbaums, including proxy statements and proxy cards. WE URGE YOU TO VOTE ONLY ON THEWHITEPROXY CARD FOR THE COMPANY BOARD’S PROPOSED DIRECTOR NOMINEES, TO DISREGARD ANY MATERIALS SENT TO YOU BY OR ON BEHALF OF THE RENBAUMS, AND TO NOT SIGN,