Farmers and Merchants Bancshares Management
Management criteria checks 3/4
Farmers and Merchants Bancshares' CEO is Gary Harris, appointed in Jul 2022, has a tenure of 1.83 years. total yearly compensation is $421.48K, comprised of 55.9% salary and 44.1% bonuses, including company stock and options. directly owns 0.067% of the company’s shares, worth $33.60K. The average tenure of the management team and the board of directors is 7.8 years and 7.5 years respectively.
Key information
Gary Harris
Chief executive officer
US$421.5k
Total compensation
| CEO salary percentage | 55.9% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.07% |
| Management average tenure | 7.8yrs |
| Board average tenure | 7.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$6m |
| Dec 31 2023 | n/a | n/a | 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$8m |
Compensation vs Market: Gary's total compensation ($USD421.48K) is below average for companies of similar size in the US market ($USD667.96K).
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 (52 yo)
1.8yrs
Tenure
US$421,475
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO, Executive VP & Treasurer | 7.8yrs | US$303.80k | 0.16% $ 77.7k | |
| Senior Vice President | 24.3yrs | US$330.03k | 0.027% $ 13.7k | |
| President | 1.8yrs | US$421.48k | 0.067% $ 33.6k | |
| VP & Corporate Secretary | no data | no data | no data |
7.8yrs
Average Tenure
61yo
Average Age
Experienced Management: FMFG's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.8yrs | US$421.48k | 0.067% $ 33.6k | |
| Independent Director | 7.5yrs | US$22.35k | 0.045% $ 22.5k | |
| Independent Vice Chairman | 7.5yrs | US$26.97k | 0.83% $ 412.7k | |
| Director | 8.3yrs | US$34.37k | 0.35% $ 176.2k | |
| Independent Chairman | 7.8yrs | US$36.23k | 2.95% $ 1.5m | |
| Independent Director | 8.3yrs | US$16.37k | 1.54% $ 767.8k | |
| Independent Director | 7.8yrs | US$12.88k | 0.066% $ 33.1k | |
| Independent Director | 7.5yrs | US$27.23k | 1.66% $ 827.7k | |
| Independent Director | 7.5yrs | US$19.39k | 0.77% $ 386.0k | |
| Independent Director | 7.3yrs | US$15.94k | 0.20% $ 99.1k | |
| Independent Director | less than a year | no data | 0.00083% $ 413.9 | |
| Independent Director | less than a year | US$6.33k | 0.0064% $ 3.2k |
7.5yrs
Average Tenure
62.5yo
Average Age
Experienced Board: FMFG's board of directors are considered experienced (7.5 years average tenure).