Company: FMFG
Filing Date: 2025-03-13
Form Type: PREC14A
Source: 0001437749-25-007538
Chunk: 1

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-03-13
Form: PREC14A
Chunk 1
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 III director nominees named in the attached Proxy Statement and WHITE Proxy Card to serve on the Company’s Board of Directors (the “Company Board”); |

| 2. | To ratify the appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for 2025; and |

| 3. | To transact such other business as may be properly brought before the Annual Meeting or any adjournment, postponement or rescheduling thereof. |

The Company Board has fixed [●], 2025 as the record date for purposes of determining stockholders who are entitled to notice of and to vote at the Annual Meeting.

Anyone acting as a proxy agent for a stockholder must present a written proxy that has been properly executed by the stockholder, that authorizes the agent to so act, and that is in form and substance satisfactory to the judges of election and consistent with the Company’s Amended and Restated Bylaws (as amended to date, the “Bylaws”).

Your vote will be especially important this year. As you may know, Barry J. Renbaum and Carol E. Renbaum (together, the “Renbaums”) submitted documents to the Company purporting to provide qualifying and timely notice (the “Purported Nomination Notice”) of an intent to nominate two director candidates (together, the “Purported Nominees”) for election to the Company Board at the Annual Meeting. The Company has informed the Renbaums that the Purported Nomination Notice is invalid due to its failure to comply with the Bylaws as a result of material omissions and other material deficiencies, including omissions pertaining to certain contracts, arrangements or understandings. Accordingly, any director nominations made by the Renbaums will be disregarded, and no proxies voted in favor of the Purported Nominees will be recognized or tabulated at the Annual Meeting. As the Purported Nomination Notice will not be recognized as valid under Maryland law, unless otherwise so determined by a court, the WHITE Proxy Card accompanying the Proxy Statement does not include the names of the Purported Nominees on a “universal proxy card.”

In addition, the Company believes that the Renbaums failed to comply with Rule 14a-19 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Renbaums failed to provide timely and qualifying notice to the Company under Rule 14a-19(b) of the Exchange Act by failing