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): October 15, 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  (Commission file number)   (IRS Employer
incorporation or organization)   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 October 15, 2018, the Board of Directors of Farmers and Merchants Bancshares, Inc. (the “Company”) approved the continuation of the Company’s stock repurchase program for another 12 months. The program authorizes the Company to repurchase up to 10,000 shares of its common stock in open-market transactions or privately-negotiated transactions and at times, in amounts and at prices to be determined in the discretion of the Company’s President and Chief Executive Officer, provided that, in the case of an open market repurchase, the purchase price must comply with the requirements imposed by Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended.

 

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 MERCHANTS BANCSHARES, INC.
   
   
Dated: October 17, 2018

By:     /s/ James R. Bosley, Jr.     

James R. Bosley, Jr.

President & CEO