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Home › Companies › FARMERS & MERCHANTS BANCORP INC. › 2023-2024

FARMERS & MERCHANTS BANCORP INC. 2023-2024 Proxy Voting Records

At FARMERS & MERCHANTS BANCORP INC.'s shareholder meeting held April 29, 2024, in the 2023-2024 proxy season, 93 asset managers reported how they voted on 15 ballot items in their SEC Form N-PX filings, covering 1,727 separate fund positions. On the most widely held item on that ballot — NONBINDING SAY-ON-PAY PROPOSAL. AN ADVISORY VOTE TO APPROVE THE EXECUTIVE COMPENSATION PROGRAMS… — FOR was 92% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: FARMERS & MERCHANTS BANCORP INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on April 30, 2024.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings and FARMERS & MERCHANTS BANCORP INC.’s Form 8-K, filed April 30, 2024 (Item 5.07 on EDGAR). Page generated November 8, 2026.

  • 15Ballot items
  • 93Asset managers
  • 1,727Fund votes
  • April 29, 2024Meeting date

Results at a glance

Meeting of April 29, 2024: 15 items on FARMERS & MERCHANTS BANCORP INC.’s Form 8-K, filed April 30, 2024: 13 elected · 2 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore FARMERS & MERCHANTS BANCORP INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by FARMERS & MERCHANTS BANCORP INC.

These tallies are FARMERS & MERCHANTS BANCORP INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed April 30, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

FARMERS & MERCHANTS BANCORP INC. — official shareholder meeting results, meeting held April 29, 2024
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Ian D. Boyce 7,737,978---- 86,8752,859,088 99%Elected—
Elect Director: Andrew J. Briggs 7,686,130---- 138,7232,859,088 98%Elected—
Elect Director: Eugene N. Burkholder 7,715,897---- 108,9562,859,088 99%Elected—
Elect Director: Lars B. Eller 7,729,351---- 95,5022,859,088 99%Elected—
Elect Director: Jo Ellen Hornish 7,673,973---- 150,8802,859,088 98%Elected—
Elect Director: Jack C. Johnson 7,443,449---- 381,4042,859,088 95%Elected—
Elect Director: Lori A. Johnston 7,675,507---- 149,3462,859,088 98%Elected—
Elect Director: Marcia S. Latta 7,504,170---- 320,6832,859,088 96%Elected—
Elect Director: Steven J. Planson 7,703,652---- 121,2012,859,088 98%Elected—
Elect Director: Kevin J. Sauder 7,582,536---- 242,3172,859,088 97%Elected—
Elect Director: Frank R. Simon 7,561,270---- 263,5832,859,088 97%Elected—
Elect Director: K. Brad Stamm 7,737,901---- 86,9522,859,088 99%Elected—
Elect Director: David P. Vernon 7,736,100---- 88,7532,859,088 99%Elected—
2. Advisory vote to approve the executive compensation programs of the Company 6,704,763620,748499,341 --2,859,088 92%Not verified—
3. Advisory vote on the ratification of the Company's appointment of the independent registered public accounting firm, FORVIS, LLP for the fiscal year ending December 31, 2024 10,292,14452,185339,612 ---- 99.4%Not verified—

Source: FARMERS & MERCHANTS BANCORP INC., Form 8-K, filed with the SEC on April 30, 2024 — read the filing on EDGAR.

How asset managers voted at the FARMERS & MERCHANTS BANCORP INC. 2023-2024 meeting

Each item below shows how the 93 asset managers that disclosed a FARMERS & MERCHANTS BANCORP INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Andrew J. Briggs

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 7,686,130WITHHELD: 138,723
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Andrew J. Briggs

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Andrew J. Briggs”): 7,686,130 for, 138,723 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,947,369 for.

FOR
FOR: 1,947,369
Largest asset managers voting on “Election of Directors: Andrew J. Briggs” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC61,4000 00For
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

2. Elect Director: David P. Vernon

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 7,736,100WITHHELD: 88,753
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: David P. Vernon

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: David P. Vernon”): 7,736,100 for, 88,753 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,947,369 for.

FOR
FOR: 1,947,369
Largest asset managers voting on “Election of Directors: David P. Vernon” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC61,4000 00For
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

3. Elect Director: Eugene N. Burkholder

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 7,715,897WITHHELD: 108,956
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Eugene N. Burkholder

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Eugene N. Burkholder”): 7,715,897 for, 108,956 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,947,369 for.

FOR
FOR: 1,947,369
Largest asset managers voting on “Election of Directors: Eugene N. Burkholder” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC61,4000 00For
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

4. Elect Director: Frank R. Simon

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 7,561,270WITHHELD: 263,583
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Frank R. Simon

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Frank R. Simon”): 7,561,270 for, 263,583 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,881,029 for, 66,340 withheld.

FOR
FOR: 1,881,029WITHHOLD: 66,340
Largest asset managers voting on “Election of Directors: Frank R. Simon” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC00 061,400Withhold
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST00 03,600Withhold
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

5. Elect Director: Ian D. Boyce

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 7,737,978WITHHELD: 86,875
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Ian D. Boyce

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Ian D. Boyce”): 7,737,978 for, 86,875 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,947,369 for.

FOR
FOR: 1,947,369
Largest asset managers voting on “Election of Directors: Ian D. Boyce” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC61,4000 00For
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

6. Elect Director: Jack C. Johnson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 7,443,449WITHHELD: 381,404
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Jack C. Johnson

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Jack C. Johnson”): 7,443,449 for, 381,404 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,875,166 for, 72,203 withheld.

FOR
FOR: 1,875,166WITHHOLD: 72,203
Largest asset managers voting on “Election of Directors: Jack C. Johnson” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC00 061,400Withhold
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust00 05,825Withhold
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST00 03,600Withhold
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

7. Elect Director: Jo Ellen Hornish

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 7,673,973WITHHELD: 150,880
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Jo Ellen Hornish

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Jo Ellen Hornish”): 7,673,973 for, 150,880 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,884,629 for, 62,740 withheld.

FOR
FOR: 1,884,629WITHHOLD: 62,740
Largest asset managers voting on “Election of Directors: Jo Ellen Hornish” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC00 061,400Withhold
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

8. Elect Director: K. Brad Stamm

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 7,737,901WITHHELD: 86,952
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: K. Brad Stamm

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: K. Brad Stamm”): 7,737,901 for, 86,952 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,947,369 for.

FOR
FOR: 1,947,369
Largest asset managers voting on “Election of Directors: K. Brad Stamm” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC61,4000 00For
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

9. Elect Director: Kevin J. Sauder

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 7,582,536WITHHELD: 242,317
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Kevin J. Sauder

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Kevin J. Sauder”): 7,582,536 for, 242,317 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,880,991 for, 66,378 withheld.

FOR
FOR: 1,880,991WITHHOLD: 66,378
Largest asset managers voting on “Election of Directors: Kevin J. Sauder” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC00 061,400Withhold
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST00 03,600Withhold
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

10. Elect Director: Lars B. Eller

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 7,729,351WITHHELD: 95,502
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Lars B. Eller

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Lars B. Eller”): 7,729,351 for, 95,502 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,947,369 for.

FOR
FOR: 1,947,369
Largest asset managers voting on “Election of Directors: Lars B. Eller” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC61,4000 00For
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

11. Elect Director: Lori A. Johnston

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 7,675,507WITHHELD: 149,346
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Lori A. Johnston

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Lori A. Johnston”): 7,675,507 for, 149,346 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,947,369 for.

FOR
FOR: 1,947,369
Largest asset managers voting on “Election of Directors: Lori A. Johnston” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC61,4000 00For
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

12. Elect Director: Marcia S. Latta

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 7,504,170WITHHELD: 320,683
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Marcia S. Latta

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Marcia S. Latta”): 7,504,170 for, 320,683 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,863,244 for, 84,125 withheld.

FOR
FOR: 1,863,244WITHHOLD: 84,125
Largest asset managers voting on “Election of Directors: Marcia S. Latta” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC00 061,400Withhold
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial6210 011,800Withhold
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X00 05,753Withhold
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI00 03,200Withhold
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

13. Elect Director: Steven J. Planson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 7,703,652WITHHELD: 121,201
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Steven J. Planson

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Steven J. Planson”): 7,703,652 for, 121,201 withheld, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected as Directors of the Company to serve until the Annual Meeting of Shareholders in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,880,991 for, 66,378 withheld.

FOR
FOR: 1,880,991WITHHOLD: 66,378
Largest asset managers voting on “Election of Directors: Steven J. Planson” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC00 061,400Withhold
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST00 03,600Withhold
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

14. Advisory vote to approve the executive compensation programs of the Company

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%
FOR: 6,704,763AGAINST: 620,748
Details: description as filed, official tally, votes by 93 asset managers

Description as filed by funds: NONBINDING SAY-ON-PAY PROPOSAL. AN ADVISORY VOTE TO APPROVE THE EXECUTIVE COMPENSATION PROGRAMS OF THE COMPANY.

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“2. An advisory vote to approve the executive compensation programs of the Company”): 6,704,763 for, 620,748 against, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 41 asset managers voting on “NONBINDING SAY-ON-PAY PROPOSAL. AN ADVISORY VOTE TO APPROVE THE EXECUTIVE COMPENSATION PROGRAMS OF THE COMPANY” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC061,400 00Against
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco023,340 00Against
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree011,614 00Against
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya05,482 00Against
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century03,973 00Against
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Fund voting reports, all 41 managers: 1,840,220 for, 107,149 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 67 asset managers voting on “NONBINDING SAY-ON-PAY PROPOSAL. AN ADVISORY VOTE TO APPROVE THE EXECUTIVE COMPENSATION PROGRAMS OF THE COMPANY” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
John Hancock320,4260 00For
GEODE CAPITAL MANAGEMENT, LLC269,2920 00For
BlackRock238,92946 00For
Gryphon Financial Partners LLC102,9800 00For
Northern Trust101,940894 00For
BRIDGEWAY CAPITAL MANAGEMENT, LLC071,600 00Against
MELLON INVESTMENTS Corp050,190 00Against
KEYBANK NATIONAL ASSOCIATION/OH40,8960 00For
Charles Schwab35,4090 00For
TI-TRUST, INC34,5790 00For
Dimensional27,6290 00For
Invesco027,177 00Against
PARK NATIONAL CORP /OH/21,9380 00For
Nuveen16,3960 00For
Rhumbline8,33220 00For
Vanguard7,4070 00For
Stifel Trust Company, N.A.7,0960 00For
BANK OF AMERICA NA6,8820 00For
AllianceBernstein6,2300 00For
Voya05,482 00Against
State Street4,8110 00For
NEW YORK STATE COMMON RETIREMENT FUND4,2030 00For
Clearstead Advisors, LLC4,0000 00For
American Century03,973 00Against
TRUST CO OF TOLEDO NA /OH/3,9400 00For

Institutional-manager reports, all 67 managers: 1,305,029 for, 165,742 against. Showing the 25 largest; every one is in the interactive database (link above).

15. Advisory vote on the ratification of the Company's appointment of the independent registered public accounting firm…

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 10,292,144AGAINST: 52,185
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: NONBINDING AUDITOR RATIFICATION. AN ADVISORY VOTE ON THE RATIFICATION OF THE COMPANY'S APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, FORVIS, LLP FOR THE FISCAL YEAR ENDING DECEMBER 31, 2024.

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“3. An advisory vote on the ratification of the Company's appointment of the independent registered public accounting firm, FORVIS, LLP for the fiscal year ending December 31, 2024”): 10,292,144 for, 52,185 against, per its Form 8-K filed April 30, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,947,369 for.

FOR
FOR: 1,947,369
Largest asset managers voting on “NONBINDING AUDITOR RATIFICATION. AN ADVISORY VOTE ON THE RATIFICATION OF THE COMPANY'S APPOINTMENT OF THE INDE” at FARMERS & MERCHANTS BANCORP INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard570,7260 00For
BlackRock496,9510 00For
John Hancock281,2810 00For
Fidelity253,5940 00For
Dimensional65,1420 00For
BRIDGEWAY FUNDS INC61,4000 00For
Charles Schwab35,4090 00For
Equitable28,6260 00For
Invesco23,3400 00For
QUANTITATIVE MASTER SERIES LLC20,7660 00For
TIAA15,1270 00For
Lincoln Financial12,4210 00For
WisdomTree11,6140 00For
AIG/SunAmerica6,3190 00For
Northern Trust5,8250 00For
Global X5,7530 00For
Voya5,4820 00For
Pacific Life5,4340 00For
Bridge Builder Trust5,1680 00For
State Street4,8110 00For
American Century3,9730 00For
RBC FUNDS TRUST3,6000 00For
SEI3,2000 00For
Nationwide2,9800 00For
Goldman Sachs2,2320 00For

Showing the 25 largest of 41 asset managers. All 41 are in the interactive database (link above).

Largest FARMERS & MERCHANTS BANCORP INC. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 13,664,345 shares outstanding at the time of that meeting.

Fund voting reports: top FARMERS & MERCHANTS BANCORP INC. shareholders by shares voted on “NONBINDING SAY-ON-PAY PROPOSAL. AN ADVISORY VOTE TO APPROVE THE EXECUTIVE COMPENSATION PROGRAMS…”, 2023-2024
#Asset manager % of shares outstanding
1Vanguard 4.18%
2BlackRock 3.64%
3John Hancock 2.06%
4Fidelity 1.86%
5Dimensional 0.48%
6BRIDGEWAY FUNDS INC 0.45%
7Charles Schwab 0.26%
8Equitable 0.21%
9Invesco 0.17%
10QUANTITATIVE MASTER SERIES LLC 0.15%
Institutional-manager reports: top FARMERS & MERCHANTS BANCORP INC. shareholders by shares voted on “NONBINDING SAY-ON-PAY PROPOSAL. AN ADVISORY VOTE TO APPROVE THE EXECUTIVE COMPENSATION PROGRAMS…”, 2023-2024
#Asset manager % of shares outstanding
1John Hancock 2.34%
2GEODE CAPITAL MANAGEMENT, LLC 1.97%
3BlackRock 1.75%
4Gryphon Financial Partners LLC 0.75%
5Northern Trust 0.75%
6BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.52%
7MELLON INVESTMENTS Corp 0.37%
8KEYBANK NATIONAL ASSOCIATION/OH 0.30%
9Charles Schwab 0.26%
10TI-TRUST, INC 0.25%

Reported FARMERS & MERCHANTS BANCORP INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

FARMERS & MERCHANTS BANCORP INC. holdings and ownership disclosed for the 2023-2024 proxy season
Holder % outstanding Disclosure
BlackRock 6.82% 13F
Andrew J. Briggs 5.20% DEF14A
Vanguard Group 5.00% 13F
Geode Capital 2.03% 13F
State Street 1.72% 13F
Northern Trust 0.80% 13F
Dimensional Fund Advisors 0.78% 13F
BNY Mellon 0.36% 13F
Charles Schwab 0.26% 13F
Nuveen 0.25% 13F

Percentages above are of 13,664,345 shares outstanding, as reported by FARMERS & MERCHANTS BANCORP INC. on its Form 10-K dated February 23, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

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About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from FARMERS & MERCHANTS BANCORP INC.’s 10-K dated February 23, 2024. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

FARMERS & MERCHANTS BANCORP INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

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proxyvotesnow.com, “FARMERS & MERCHANTS BANCORP (FMAO) 2024 Annual Meeting: Vote Results”, https://proxyvotesnow.com/company/farmers-and-merchants-bancorp-inc/2024 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.