{"url_path":"/sec/fmfg/8-k/2026-05-21/item-5-05","section_key":"item-5-05","section_title":"Item 5.05 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-21","source_url":"https://www.sec.gov/Archives/edgar/data/1698022/0001437749-26-018092-index.html","accession_number":"0001437749-26-018092","cik":"0001698022","ticker":"FMFG","issuer_name":"Farmers & Merchants Bancshares, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1698022/0001437749-26-018092-index.html","primary_entity_key":"0001698022","primary_entity_name":"Farmers & Merchants Bancshares, Inc."},"word_count":330,"has_tables":true,"body_markdown":"**Item 5.05.**\n\n**Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of****the Code of Ethics.**\n\n \n\nOn May 18, 2026, the Board of Directors of Farmers and Merchants Bancshares, Inc. (the “Company”) amended and restated the Code of Ethics that applies to all of the Company’s directors and executive officers, including its principal executive officer and principal financial officer (the “Code of Ethics”), for the purpose of updating it and making it a more compliance-focused and principles-based code of ethics. The following list summarizes the amendments:\n\n \n\n \n\n1.\n\nStructure & Tone\n\n \n\n•\n\nTransition to a concise, section-based policy format\n\n \n\n•\n\nMore professional, compliance-focused tone\n\n \n\n \n\n2.\n\nGovernance & Accountability Enhancements \n\n \n\n•\n\nFormalized reporting expectations and accountability\n\n \n•\nNew anti-retaliation protections for good-faith reporting\n\n \n•\nClear, tiered disciplinary framework\n\n \n\n \n\n3.\n\nConflicts of Interest \n\n \n\n•\n\nSimplified, principle-based guidance\n\n \n•\nHeightened focus on both actual and perceived conflicts\n\n \n•\nImmediate disclosure requirement emphasized\n\n \n\n \n\n4.\n\nGifts & Business Courtesies \n\n \n\n•\n\n‘Nominal value’ threshold increased from $50 to $100\n\n \n\n•\n\nSimplified standards emphasizing reasonableness and frequency\n\n \n\n \n\n5.\n\nNew and Expanded Policy Areas \n\n \n\n•\n\nConfidentiality & data protection (including breach reporting)\n\n \n\n•\n\nPersonal trading and insider information restrictions\n\n \n\n•\n\nExternal employment approval and disclosure structure\n\n \n\n•\n\nCommunity and political activity guidelines\n\n \n\n \n\n6.\n\nPersonal Financial Responsibility \n\n \n\n•\n\nShift from prescriptive triggers (e.g., resignation requirements) to principle-based expectations\n\n \n\n \n\n7.\n\nRemoval of Prescriptive Detail \n\n \n\n•\n\nEliminates extensive examples and scenario-based rules\n\n \n\n•\n\nReplaces detailed restrictions with principles and management oversight\n\n \n\n \n\n8.\n\nCompliance Alignment \n\n \n\n•\n\nStronger emphasis on fraud, bribery, and regulatory compliance\n\n \n\n•\n\nImproved alignment with enterprise risk management practices\n\n \n\n- 2 -\n\n \n\n \n\n \n\n9.\n\nAdministration & Acknowledgment \n\n \n\n•\n\nAnnual employee and director acknowledgment required\n\n \n\n•\n\nBoard approval required for policy updates\n\n \n\nA copy of the Code of Ethics is filed as Exhibit 14.1 to this report. The Code of Ethics is also available on the Company’s website at, www.fmb1919.bank, and may be accessed by clicking on “Investor Relations”, then “About Us”, then “Corporate Overview”, and then “Code of Ethics”."}