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Compiled from SEC Form N-PX filings and FARMERS & MERCHANTS BANCORP INC.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.
Proxy season: 2024-2025 2025-2026
Explore FARMERS & MERCHANTS BANCORP INC. in the interactive database Compare manager voting policies
These tallies are FARMERS & MERCHANTS BANCORP INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Ian D. Boyce | 7,235,895 | -- | -- | 614,298 | 2,643,971 | Majority: yes |
| Elect Director: Andrew J. Briggs | 7,628,889 | -- | -- | 221,303 | 2,643,971 | Majority: yes |
| Elect Director: Lars B. Eller | 7,453,634 | -- | -- | 396,558 | 2,643,971 | Majority: yes |
| Elect Director: Kevin G. Frey | 7,503,926 | -- | -- | 346,266 | 2,643,971 | Majority: yes |
| Elect Director: Jo Ellen Hornish | 7,445,814 | -- | -- | 404,378 | 2,643,971 | Majority: yes |
| Elect Director: Lori A. Johnston | 7,249,784 | -- | -- | 600,408 | 2,643,971 | Majority: yes |
| Elect Director: Marcia S. Latta | 7,388,916 | -- | -- | 461,276 | 2,643,971 | Majority: yes |
| Elect Director: Steven J. Planson | 7,464,660 | -- | -- | 385,532 | 2,643,971 | Majority: yes |
| Elect Director: Kevin J. Sauder | 6,380,338 | -- | -- | 1,469,854 | 2,643,971 | Majority: yes |
| Elect Director: Frank R. Simon | 7,266,957 | -- | -- | 583,235 | 2,643,971 | Majority: yes |
| Elect Director: David P. Vernon | 7,497,485 | -- | -- | 352,707 | 2,643,971 | Majority: yes |
| Proposal 2: A proposal to approve and adopt the Farmers & Merchants Bancorp, Inc. | 5,980,311 | 1,796,641 | 73,239 | -- | 2,643,971 | Majority: yes |
| Proposal 3: To amend the Company's Articles of Incorporation to increase the number of Common Shares that the Company is authorized to issue from 20,000,000 shares without par value to 40,000,000 shares without par value. | 8,984,217 | 1,315,721 | 194,224 | -- | 194,224 | Majority: yes |
| Proposal 4: An advisory vote to approve the executive compensation programs of the Company. | 7,015,116 | 472,922 | 362,154 | -- | 2,643,971 | Majority: yes |
| Proposal 5: An advisory vote on the ratification of the Company's appointment of the independent registered public accounting firm, Plante Moran, PLLC, for the fiscal year ending December 31, 2025. | 10,267,971 | 73,431 | 152,760 | -- | 152,760 | Majority: yes |
Source: FARMERS & MERCHANTS BANCORP INC., Form 8-K — read the filing on EDGAR.
Each item below shows how the 104 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.
Combines 3 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Proposal 4: An advisory vote to approve the executive compensation programs of the Company.”): 7,015,116 for, 472,922 against, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 51.2% for, 3% against (54.7% of the company cast a for/against vote).
The 103 asset managers below cast 98% of the shares they voted on this item FOR (3,778,892 for, 81,704 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 881,512 | 117 | 0 | 0 | For |
| Vanguard | 651,525 | 0 | 0 | 0 | For |
| John Hancock | 576,435 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 289,202 | 0 | 0 | 0 | For |
| Fidelity | 257,559 | 0 | 0 | 0 | For |
| State Street | 253,704 | 418 | 0 | 0 | For |
| Dimensional | 146,648 | 0 | 0 | 0 | For |
| Northern Trust | 99,368 | 1,218 | 0 | 0 | For |
| Gryphon Financial Partners LLC | 100,185 | 0 | 0 | 0 | For |
| Charles Schwab | 73,114 | 0 | 0 | 0 | For |
| First Trust | 47,121 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 0 | 40,766 | 0 | 0 | Against |
| KEYBANK NATIONAL ASSOCIATION/OH | 40,522 | 0 | 0 | 0 | For |
| Nuveen | 34,179 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| American Century | 28,984 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| Citadel | 16,457 | 0 | 0 | 0 | For |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 0 | 14,730 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 0 | 0 | 13,333 | 0 | Abstain |
| AllianceBernstein | 8,980 | 0 | 0 | 0 | For |
| Voya | 8,814 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.
Combines 2 wordings of this item as funds reported it.
77% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Proposal 2: A proposal to approve and adopt the Farmers & Merchants Bancorp, Inc.”): 5,980,311 for, 1,796,641 against, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 44% for, 13% against (57% of the company cast a for/against vote).
The 41 asset managers below cast 74% of the shares they voted on this item FOR (1,584,570 for, 564,838 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 0 | 274,044 | 0 | 0 | Against |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 0 | 115,263 | 0 | 0 | Against |
| First Trust | 0 | 47,069 | 0 | 0 | Against |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 0 | 32,910 | 0 | 0 | Against |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 14 | 22,499 | 0 | 0 | Against |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 9,400 | 7,327 | 0 | 0 | For |
| American Century | 0 | 14,492 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 0 | 6,277 | 0 | 0 | Against |
| Northern Trust | 0 | 6,141 | 0 | 0 | Against |
| WisdomTree | 0 | 6,099 | 0 | 0 | Against |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 0 | 4,530 | 0 | 0 | Against |
| Voya | 0 | 4,407 | 0 | 0 | Against |
| Brighthouse | 0 | 4,130 | 0 | 0 | Against |
| EA Series Trust | 4,050 | 0 | 0 | 0 | For |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Andrew J. Briggs”): 7,628,889 for, 221,303 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 56% for, 2% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,144,417 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,511 | 0 | 2 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 4,050 | 0 | 0 | 0 | For |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: David P. Vernon”): 7,497,485 for, 352,707 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 54.7% for, 3% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,149,408 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,513 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 4,050 | 0 | 0 | 0 | For |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Frank R. Simon”): 7,266,957 for, 583,235 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 53.0% for, 4% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,141,758 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,513 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 4,050 | 0 | Abstain |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Ian D. Boyce”): 7,235,895 for, 614,298 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 52.8% for, 4% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,149,408 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,513 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 4,050 | 0 | 0 | 0 | For |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Jo Ellen Hornish”): 7,445,814 for, 404,378 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 54.3% for, 3% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,145,356 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,511 | 0 | 2 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 4,050 | 0 | Abstain |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Kevin G. Frey”): 7,503,926 for, 346,266 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 54.8% for, 3% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,149,408 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,513 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 4,050 | 0 | 0 | 0 | For |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
81% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Kevin J. Sauder”): 6,380,338 for, 1,469,854 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 46.6% for, 11% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (1,543,227 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 0 | 0 | 538,547 | 0 | Abstain |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 8,980 | 0 | 20,939 | 0 | Abstain |
| State Street | 22,511 | 0 | 2 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 0 | 0 | 20,935 | 0 | Abstain |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 0 | 0 | 8,510 | 0 | Abstain |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 0 | 0 | 5,825 | 0 | Abstain |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 4,050 | 0 | Abstain |
| Nationwide | 0 | 0 | 3,724 | 0 | Abstain |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Lars B. Eller”): 7,453,634 for, 396,558 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 54.4% for, 3% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,149,406 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,511 | 0 | 2 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 4,050 | 0 | 0 | 0 | For |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Lori A. Johnston”): 7,249,784 for, 600,408 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 52.9% for, 4% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,149,408 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,513 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 4,050 | 0 | 0 | 0 | For |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Marcia S. Latta”): 7,388,916 for, 461,276 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 53.9% for, 3% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,133,688 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,511 | 0 | 2 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 7,327 | 0 | 9,400 | 0 | Abstain |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 4,050 | 0 | Abstain |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Elect Director: Steven J. Planson”): 7,464,660 for, 385,532 withheld, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 54.5% for, 3% withheld (57% of the company cast a for/withheld vote).
The 41 asset managers below cast 100% of the shares they voted on this item FOR (2,108,797 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 0 | 0 | 32,910 | 0 | Abstain |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,511 | 0 | 2 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 4,050 | 0 | Abstain |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
87% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Proposal 3: To amend the Company's Articles of Incorporation to increase the number of Common Shares that the Company is authorized to issue from 20,000,000 shares without par value to 40,000,000 shares without par value”): 8,984,217 for, 1,315,721 against, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 66% for, 10% against (75% of the company cast a for/against vote).
The 41 asset managers below cast 99.9% of the shares they voted on this item FOR (2,149,406 for, 2 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,511 | 2 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 4,050 | 0 | 0 | 0 | For |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Combines 2 wordings of this item as funds reported it.
99.2% Majority: yes · of votes cast
FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“Proposal 5: An advisory vote on the ratification of the Company's appointment of the independent registered public accounting firm, Plante Moran, PLLC, for the fiscal year ending December 31, 2025.”): 10,267,971 for, 73,431 against, per its Form 8-K (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. Of all 13,700,311 outstanding shares: 75% for, 0.6% against (75% of the company cast a for/against vote).
The 41 asset managers below cast 99.8% of the shares they voted on this item FOR (2,145,358 for, 4,050 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 641,619 | 0 | 0 | 0 | For |
| BlackRock | 538,547 | 0 | 0 | 0 | For |
| John Hancock | 274,044 | 0 | 0 | 0 | For |
| Fidelity | 257,100 | 0 | 0 | 0 | For |
| Dimensional | 115,263 | 0 | 0 | 0 | For |
| First Trust | 47,069 | 0 | 0 | 0 | For |
| Charles Schwab | 36,557 | 0 | 0 | 0 | For |
| TIAA | 32,910 | 0 | 0 | 0 | For |
| Equitable | 29,919 | 0 | 0 | 0 | For |
| State Street | 22,513 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 20,935 | 0 | 0 | 0 | For |
| Lincoln Financial | 16,727 | 0 | 0 | 0 | For |
| American Century | 14,492 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 13,333 | 0 | 0 | 0 | For |
| Pacific Life | 8,510 | 0 | 0 | 0 | For |
| Global X | 7,263 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 6,277 | 0 | 0 | 0 | For |
| Northern Trust | 6,141 | 0 | 0 | 0 | For |
| WisdomTree | 6,099 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 5,825 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 4,530 | 0 | 0 | 0 | For |
| Voya | 4,407 | 0 | 0 | 0 | For |
| Brighthouse | 4,130 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 4,050 | 0 | 0 | Against |
| Nationwide | 3,724 | 0 | 0 | 0 | For |
Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.
Ranked by the number of FARMERS & MERCHANTS BANCORP INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 13,700,311 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | BlackRock | 6.44% |
| 2 | Vanguard | 4.76% |
| 3 | John Hancock | 4.21% |
| 4 | GEODE CAPITAL MANAGEMENT, LLC | 2.11% |
| 5 | Fidelity | 1.88% |
| 6 | State Street | 1.85% |
| 7 | Dimensional | 1.07% |
| 8 | Northern Trust | 0.73% |
| 9 | Gryphon Financial Partners LLC | 0.73% |
| 10 | Charles Schwab | 0.53% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| Holder | % outstanding | Disclosure |
|---|---|---|
| BlackRock | 6.80% | 13F |
| Andrew J. Briggs | 5.20% | DEF14A |
| Vanguard Group | 4.89% | 13F |
| Geode Capital | 2.15% | 13F |
| State Street | 1.82% | 13F |
| Dimensional Fund Advisors | 1.29% | 13F |
| Northern Trust | 0.74% | 13F |
| BNY Mellon | 0.27% | 13F |
| Charles Schwab | 0.27% | 13F |
| Citadel Advisors | 0.26% | 13F |
Percentages above are of 13,700,311 shares outstanding, as reported by FARMERS & MERCHANTS BANCORP INC. on its Form 10-K dated 2025-02-21 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, 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 2025-02-21. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.
At FARMERS & MERCHANTS BANCORP INC.'s shareholder meeting held 2025-04-14, in the 2024-2025 proxy season, 104 asset managers reported how they voted on 15 ballot items in their SEC Form N-PX filings, covering 1,855 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 94% 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 (filing date not recorded for this item).
FARMERS & MERCHANTS BANCORP INC. proxy season coverage: 2024-2025 (this page) · 2025-2026.