Company: FMFG
Filing Date: 2025-03-13
Form Type: PREC14A
Source: 0001437749-25-007538
Chunk: 46

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-03-13
Form: PREC14A
Chunk 46
---
 additional fiduciary duty by the Audit Committee. The Audit Committee may, however, take into account the outcome of the vote when considering future auditor appointments.

<div align='center'>AUDIT FEES AND SERVICES</div>

The following table shows the fees billed to the Company for the audit and other services provided by YHB for 2024 and 2023.

|                    |     | FY 2024 |         |     | FY 2023 |         |
|:-------------------|:----|:--------|--------:|:----|:--------|--------:|
| Audit Fees         |     | $       | 109,300 |     | $       | 120,425 |
| Audit-Related Fees |     |         |       - |     |         |       - |
| Tax Fees           |     |         |  11,925 |     |         |  12,128 |
| All Other Fees     |     |         |       - |     |         |       - |
| Total              |     | $       | 120,725 |     | $       | 132,553 |

Audit Fees for 2024 and 2023 include fees associated with the annual audits of the Company’s consolidated financial statements and Forms 10-K for those years and fees associated with the reviews of the Company’s Quarterly Reports on Form 10-Q. Audit fees for 2023 include fees associated with the review of the Company’s Registration Statement on Form S-8 relating to the Equity Plan.

Tax Fees for 2024 and 2023 include charges primarily related to tax return preparation and audit and tax consulting services.

The Audit Committee has reviewed summaries of the services provided by YHB and the related fees and has determined that the provision of non-audit services was compatible with maintaining their independence.

It is the Audit Committee’s policy to pre-approve all audit services and permitted non-audit services (including the fees and terms thereof) to be performed for the Company by its independent registered public accounting firm, subject to the de minimis exceptions for non-audit services described in Section 10A(i)(l)(B) of the Exchange Act, which, when needed, are approved by the Audit Committee prior to the completion of the independent registered public accounting firm’s audit. All of the 2024 and 2023 services described above were pre-approved by the Audit Committee.

<div align='center'>DELINQUENT SECTION 16(a) REPORTS</div>

Pursuant to Section