Company: FMFG
Filing Date: 2025-03-24
Form Type: DEFC14A
Source: 0001437749-25-008883
Chunk: 46

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-03-24
Form: DEFC14A
Chunk 46
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HB 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 16(a) of the Exchange Act and the rules promulgated thereunder, the Company’s executive officers and directors, and persons who beneficially own more than 10% of the Common Stock, are required to file certain reports regarding their ownership of common stock with the SEC. Based solely on a review of copies