UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 19, 2018
Farmers and Merchants Bancshares, Inc.
(Exact name of registrant as specified in its charter)
Maryland | 000-55756 | 81-3605835 |
(State or other jurisdiction of incorporation or organization) |
(Commission file number) |
(IRS Employer Identification No.) |
4510 Lower Beckleysville Road, Suite H, Hampstead, MD | 21074 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (410) 374-1510
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 |
Other Events. |
On November 19, 2018, the Board of Directors of Farmers and Merchants Bancshares, Inc. (the “Company”) declared a cash dividend of $.43 per share of common stock, which will be paid on December 21, 2018 to stockholders of record as of December 7, 2018. A copy of the Company’s press release relating to the dividend is filed as Exhibit 99.1 to this report and incorporated herein by reference.
Item 9.01 |
Financial Statements and Exhibits. |
(d) |
Exhibits. |
The exhibits filed with this report are listed in the following Exhibit Index:
Exhibit No. |
Description |
99.1 | Press release dated November 21, 2018 (filed herewith) |
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.
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FARMERS AND MERCHANTS BANCSHARES, INC. |
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Dated: November 21, 2018 |
By: |
/s/ James R. Bosley, Jr. |
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James R. Bosley, Jr. President & CEO |
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Exhibit 99.1
FOR IMMEDIATE RELEASE | FOR FURTHER INFORMATION CONTACT: |
November 21, 2018
Farmers and Merchants Bancshares, Inc. 4510 Lower Beckleysville Rd, Suite H Hampstead, Maryland 21074 |
Mr. James R. Bosley, Jr. President (410) 374-1510, Ext. 104 |
FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.43 PER SHARE
HAMPSTEAD, MARYLAND (November 21, 2018) – On November 19, 2018, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend of $.43 per share of common stock, which will be paid on December 21, 2018 to shareholders of record on December 7, 2018. The $.43 per share dividend is a $.03 increase over the $.40 per share dividend paid in June 2018. The semi-annual dividend has increased eighteen consecutive times, starting with the June 2010 dividend. The combined 2018 dividend of $.83 per share represents a 2.6% yield on the current market value of $32.15 per share and represents a 9.2% increase over the $.76 per share dividend paid in 2017. The annual dividend has increased by at least $.05 per share for six consecutive years.
Please visit the investor relations section of the Bank’s website, www.fmb1919.com. It includes press releases, financial information, stock information, peer analysis, and information about Farmers and Merchants Bancshares, Inc. officers and directors.
Farmers and Merchants Bancshares, Inc. was formed in August of 2016 to operate as a bank holding company with Farmers and Merchants Bank as its wholly-owned subsidiary. Farmers and Merchants Bank was chartered in Maryland in 1919, and is currently celebrating over 99 years of service to the community. The Bank serves the deposit and financing needs of both consumers and businesses in Carroll and Baltimore Counties along the Route 30, Route 140 and Route 795 corridors from Owings Mills, Maryland to the Pennsylvania State line. The main office is located in Upperco, Maryland, with seven additional branches in Owings Mills, Hampstead, Greenmount, Reisterstown and Westminster. The shares of the Company’s common stock are traded in the over-the-counter market by certain broker-dealers and price quotations are available through the OTC Markets Group’s OTC Pink Market under the symbol “FMFG”.
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