# EDGAR Filing Document

**Accession Number:** 0000797136
**File Stem:** 0001580642-26-000334
**Filing Date:** 2026-1
**Character Count:** 6032
**Document Hash:** 6268df2f45e6e22a78589e47e3282716
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-26-000334.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001580642-26-000334

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**EFFECTIVENESS DATE**: 20260121

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FENIMORE ASSET MANAGEMENT TRUST
- **CENTRAL INDEX KEY:** 0000797136

**ORGANIZATION NAME:**
- **EIN:** 146131155
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-07190
- **FILM NUMBER:** 26546896

**BUSINESS ADDRESS:**
- **STREET 1:** 384 N GRAND ST
- **STREET 2:** PO BOX 399
- **CITY:** COBLESKILL
- **STATE:** NY
- **ZIP:** 12043
- **BUSINESS PHONE:** 518-234-7400

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 399
- **CITY:** COBLESKILL
- **STATE:** NY
- **ZIP:** 12043

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FENIMORE ASSET MANAGEMENT TRUST FAM VALUE FUND SERIES
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### FAM Value Fund (Series ID: S000010872)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | FAMWX         | C000164665 |

---

### FAM Dividend Focus Fund (Series ID: S000010873)

---

|  |  |
|:---|:---|
| Class Name          | Class ID   |
| Institutional Class | C000164666 |

---

### FAM Small Cap Fund (Series ID: S000035925)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | FAMDX         | C000164667 |

---

## Series and Classes Contracts Data

### FAM Value Fund (Series ID: S000010872)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000164665 | Institutional Class | FAMWX           |

### FAM Dividend Focus Fund (Series ID: S000010873)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000164666 | Institutional Class |  |

### FAM Small Cap Fund (Series ID: S000035925)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000164667 | Institutional Class | FAMDX           |

**FENIMORE ASSET MANAGEMENT TRUST**

**FAM Value Fund**

(Institutional Shares: FAMWX)

**FAM Dividend Focus Fund**

(Institutional Shares: TBD)

**FAM Small Cap Fund**

(Institutional Shares: FAMDX)

Supplement dated January 21, 2026 to the

Statement of Additional Information for Institutional Shares of the Fund

dated May 1, 2025, as amended September 3, 2025 (the "SAI")

The Board of Trustees (the "Board") of Fenimore Asset Management Trust (the "Trust"), which consists of FAM Value Fund, FAM Dividend Focus Fund and FAM Small Cap Fund (collectively, the "Funds"), has recently taken certain action with respect to the Board's membership and governance arrangements, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Effective December 31, 2025, Paul A. Keller retired from his position on
the Board and as Chair of the Board, and, accordingly, all references regarding Mr. Keller are deemed to be deleted from the SAI effective
as of that date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. As a result of Mr. Keller's retirement, the members of the Board have:
(i) appointed Trustee Denise V. Gonick to serve as the new Chair of the Board; and (ii) appointed Trustee Kenneth R. Stoll to serve as
Chair of the Trust's Nominating and Governance Committee, succeeding Ms. Gonick in that role.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. In addition, effective as of January 1, 2026, the Board has established
an Advisory Board and appointed Patrick W.D. Turley, Esq. to serve as a member of the Advisory Board. The Advisory Board members assist
the Board in the Board's oversight of the Funds' management and operations, but Advisory Board members do not vote on any
matters involving the Funds.

As a result of the establishment of the Advisory Board, the following disclosure is added to Page 16 of the Funds' SAI at the end of the Section of the SAI titled "Board of Trustees and Officers":

***Advisory Board***

The Board of Trustees has established an Advisory Board which assists the Board in its oversight of the Funds' management and operations. Advisory Board members do not vote on any matters involving the Funds. Advisory Board members are compensated to the same extent as the members of the Board. Each Advisory Board member serves until his or her resignation, death or removal.

Information concerning the current Advisory Board membership is set forth below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name, Address,<br> and Year of Birth**<br>| **Position(s)<br> Held With <br> Funds and <br> Length of <br> Time Served** | &nbsp;&nbsp; **Principal Occupation(s) During Past 5 Years**<br>| **Number of <br> Portfolios <br> in Fund <br> Complex\*\* <br> Overseen by <br> Advisory Board Member** | **Other <br> Director- <br> ships Held by <br> Advisory Board Member<br> During Past<br> 5 Years** |
| ADVISORY BOARD | ADVISORY BOARD | ADVISORY BOARD | ADVISORY BOARD | ADVISORY BOARD |
| Patrick W.D. Turley, Esq.\*<br> 384 North Grand St.<br> Cobleskill, NY 12043<br> 1961 | Advisory Board Member<br> Since January 1, 2026 | &nbsp;&nbsp; Retired. Partner, Dechert LLP (law firm)<br>| 3 |  |

---

\* Mr. Turley is considered to be an "interested person" (as that term is defined in the Investment Company Act of 1940) of the Trust as a result of the fact that he previously served as a partner of Dechert LLP, the law firm that acts as legal counsel to the Trust, within the past two years.

\*\* "Fund Complex" includes the three series of the Trust, FAM Value Fund, FAM Dividend Focus Fund and FAM Small Cap Fund.

As Mr. Turley was appointed to the Advisory Board effective after the conclusion of the Funds' most recently completed fiscal year, he did not receive any compensation during the Funds' most recently completed fiscal year.

**Investors should retain this supplement for future reference.**