F & M Bank Management
Management criteria checks 3/4
F & M Bank's CEO is Mike Wilkerson, appointed in Apr 2023, has a tenure of 1.08 years. total yearly compensation is $433.24K, comprised of 77.8% salary and 22.2% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth $293.30K. The average tenure of the management team and the board of directors is 1.6 years and 6.5 years respectively.
Key information
Mike Wilkerson
Chief executive officer
US$433.2k
Total compensation
| CEO salary percentage | 77.8% |
| CEO tenure | 1.1yrs |
| CEO ownership | 0.5% |
| Management average tenure | 1.6yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$3m |
| Dec 31 2023 | US$433k | US$337k | US$3m |
| Sep 30 2023 | n/a | n/a | US$4m |
| Jun 30 2023 | n/a | n/a | US$5m |
| Mar 31 2023 | n/a | n/a | US$7m |
| Dec 31 2022 | US$403k | US$263k | US$8m |
| Sep 30 2022 | n/a | n/a | US$8m |
| Jun 30 2022 | n/a | n/a | US$8m |
| Mar 31 2022 | n/a | n/a | US$9m |
| Dec 31 2021 | US$345k | US$241k | US$11m |
Compensation vs Market: Mike's total compensation ($USD433.24K) is below average for companies of similar size in the US market ($USD663.45K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Wilkerson (65 yo)
1.1yrs
Tenure
US$433,236
Compensation
Mr. Aubrey Michael Wilkerson also known as Mike., serves as Chief executive Officer and Director at F & M Bank Corp. and Farmers & Merchants Bank since April 10, 2023 and had been its Northern Market Execu...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.1yrs | US$433.24k | 0.54% $ 293.3k | |
| President | 1.1yrs | US$431.76k | 5.11% $ 2.8m | |
| Executive VP & Chief Development Officer | 1.7yrs | US$294.00k | 0.19% $ 105.3k | |
| Executive VP & CFO | 1.6yrs | no data | 0.072% $ 39.2k | |
| Senior VP & Marketing Director | no data | no data | no data | |
| Executive VP & Chief Human Resources Officer | no data | no data | 0.13% $ 72.7k | |
| Senior VP & Loan Operations Manager | no data | no data | no data | |
| Executive VP and President of Mortgage | no data | no data | 0.26% $ 144.2k | |
| Senior Vice President & Deposit Operations Officer | no data | no data | no data | |
| Senior VP & Dealer Finance Manager | no data | no data | no data | |
| Senior VP & Area Market Manager | 4.3yrs | no data | no data | |
| Senior VP of Agriculture & Rural Programs Leader | 3.7yrs | no data | no data |
1.6yrs
Average Tenure
50.5yo
Average Age
Experienced Management: FMBM's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.1yrs | US$433.24k | 0.54% $ 293.3k | |
| Independent Director | 11.9yrs | US$40.37k | 5.37% $ 2.9m | |
| Independent Chairman of the Board | 30.3yrs | US$47.87k | 0.35% $ 193.4k | |
| Vice Chairman | 20.3yrs | US$40.27k | 1.28% $ 697.3k | |
| Independent Director | 2.8yrs | US$40.77k | 0.44% $ 240.3k | |
| Independent Director | 14yrs | US$41.47k | 0.18% $ 99.9k | |
| Independent Director | 8.6yrs | US$39.87k | 0.099% $ 53.9k | |
| Independent Director | 6.5yrs | US$41.02k | 5.02% $ 2.7m | |
| Independent Director | 4.5yrs | US$40.67k | 0.037% $ 20.4k | |
| Independent Director | 2.8yrs | US$40.27k | 0.045% $ 24.4k | |
| Independent Director | 2.8yrs | US$40.17k | 0.011% $ 6.0k |
6.5yrs
Average Tenure
64yo
Average Age
Experienced Board: FMBM's board of directors are considered experienced (6.5 years average tenure).