Company: FMFG
Filing Date: 2025-04-29
Form Type: 8-K
Source: 0001437749-25-013416
Chunk: 2

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-04-29
Form: 8-K
Item: Item 8.01
Chunk 2
---
Item 8.01

Other Events.

The Company and its wholly-owned bank subsidiary, Farmers and Merchants Bank (the “ Bank”), announce that Mark C. Krebs, who serves as the Treasurer and Chief Financial Officer of the Company and as Executive Vice President - Chief Financial Officer of the Bank (collectively, the “ CFO”), will retire on June 30, 2025. The boards of directors of the Company and the Bank intend to appoint Paul B. Susie to serve as the CFO upon Mr. Krebs’ retirement. Mr. Susie has served as Senior Vice President - Chief Accounting Officer of the Bank since December 2, 2024.

Prior to his employment with the Bank, Mr. Susie most recently served as Vice President of Accounting for Eastern Savings Bank from August 2021 to November 2024 and as an independent consultant from June 2019 to August 2021. Between July 2016 and June 2019, Mr. Susie served as the Executive Vice President and Chief Financial Officer of Severn Bancorp, Inc. and Severn Savings Bank. From August 2014 to July 2016, he served as the Senior Vice President and Chief Financial Officer of Hopkins Federal Savings Bank. From June 2009 to July 2014, Mr. Susie was Senior Vice President and Chief Financial Officer of First Mariner Bancorp, Inc. and First Mariner Bank. Mr. Susie is a graduate of the University of Baltimore and is a Certified Public Accountant.

The Company will disclose the information required by Item 5.02 of Form 8-K with respect to Mr. Susie in a Form 8-K that will be filed within four business days of his appointment as the CFO.

Item 9.01. Financial Statements and Exhibits.

  (d)      Exhibits.  

The exhibits furnished with this report are listed in the following Exhibit Index:

  Exhibit No.      Description  
 ────────────────────────────────

  99.1      Press release dated April 29, 2025 (furnished herewith).  
 ──────────────────────────────────────────────────────────────────────

  104      Cover Page Interactive Data File (embedded within the Inline XBRL document).  

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                             FARMERS AND M