Farmers and Merchants Bancshares Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Gary Harris
Chief executive officer
US$588.1k
Total compensation
| CEO salary percentage | 51.0% |
| CEO tenure | 2.4yrs |
| CEO ownership | 0.07% |
| Management average tenure | no data |
| Board average tenure | 8.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$5m |
| Jun 30 2024 | n/a | n/a | US$5m |
| Mar 31 2024 | n/a | n/a | US$6m |
| Dec 31 2023 | US$588k | US$300k | US$6m |
| Sep 30 2023 | n/a | n/a | US$7m |
| Jun 30 2023 | n/a | n/a | US$8m |
| Mar 31 2023 | n/a | n/a | US$8m |
| Dec 31 2022 | US$421k | US$236k | 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$8m |
| Dec 31 2021 | US$291k | US$186k | US$8m |
Compensation vs Market: Gary's total compensation ($USD588.15K) is about average for companies of similar size in the US market ($USD653.16K).
Compensation vs Earnings: Gary's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Gary Harris (53 yo)
2.4yrs
Tenure
US$588,148
Compensation
Mr. Gary A. Harris serves as Director of the Farmers and Merchants Bancshares, Inc. and the Farmers and Merchants Bank since July 18, 2022; CEO of Farmers and Merchants Bancshares, Inc. and Farmers and Mer...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.4yrs | US$588.15k | 0.067% $ 31.2k | |
| Director Emeritus | 6.7yrs | US$9.95k | no data | |
| Independent Vice Chairman | 8.1yrs | US$26.97k | 1.15% $ 539.6k | |
| Director | 8.9yrs | US$34.37k | 0.35% $ 163.5k | |
| Independent Chairman | 8.3yrs | US$35.72k | 2.92% $ 1.4m | |
| Independent Director | 8.9yrs | US$19.29k | 1.53% $ 712.6k | |
| Independent Director | 8.3yrs | US$12.88k | 0.082% $ 38.1k | |
| Independent Director | 8.1yrs | US$27.23k | 1.64% $ 768.2k | |
| Independent Director | 8.1yrs | US$20.60k | 0.77% $ 358.2k | |
| Independent Director | 7.8yrs | US$15.94k | 0.20% $ 92.0k | |
| Independent Director | 1.3yrs | US$6.99k | 0.00083% $ 387.8 | |
| Independent Director | 1.3yrs | US$6.33k | 0.0095% $ 4.5k |
8.1yrs
Average Tenure
64yo
Average Age
Experienced Board: FMFG's board of directors are considered experienced (8.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 19:57 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Farmers and Merchants Bancshares, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|