Company: FMFG
Filing Date: 2025-03-13
Form Type: PREC14A
Source: 0001437749-25-007538
Chunk: 4

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-03-13
Form: PREC14A
Chunk 4
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 any adjournment, postponement or rescheduling thereof, the “Annual Meeting”) to be held at [●] [a.m./p.m.], local time, on [●], 2025 at [●]. This Proxy Statement and the WHITE Proxy Card are first being sent or given to stockholders on or about [●], 2025.

When used in this Proxy Statement, the terms “we,” “us,” and “our” refer to Farmers and Merchants Bancshares, Inc. and, unless the context clearly requires otherwise, its consolidated subsidiaries, including Farmers and Merchants Bank (the “Bank”).

You are being asked to: (i) vote on the election of two Class III director nominees to the Company Board (Steven W. Eline and Bruce L. Schindler) and (ii) ratify the appointment of Yount, Hyde & Barbour, P.C. (“YHB”) as the Company’s independent registered public accounting firm for 2025. The Company Board unanimously recommends that you vote“FOR”each of Messrs. Eline and Schindler and“FOR”the ratification of the appointment of YHB as the Company’s independent registered public accounting firm for 2025.

<div align='center'>RECENT DEVELOPMENTS</div>

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 Company’s Amended and Restated Bylaws (as amended to date, 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