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FARMERS & MERCHANTS BANCORP INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and FARMERS & MERCHANTS BANCORP INC.’s Form 8-K, filed April 16, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.

  • 15Ballot items
  • 103Asset managers
  • 1,854Fund votes
  • April 14, 2025Meeting date

Results at a glance

Meeting of April 14, 2025: 15 items on FARMERS & MERCHANTS BANCORP INC.’s Form 8-K, filed April 16, 2025: 11 elected · 4 without a stated outcome.

Material dissent

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: 2024-2025 2025-2026

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

Official 2024-2025 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 16, 2025 (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 14, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Ian D. Boyce 7,235,895---- 614,2982,643,971 92%Elected—
Elect Director: Andrew J. Briggs 7,628,889---- 221,3032,643,971 97%Elected—
Elect Director: Lars B. Eller 7,453,634---- 396,5582,643,971 95%Elected—
Elect Director: Kevin G. Frey 7,503,926---- 346,2662,643,971 96%Elected—
Elect Director: Jo Ellen Hornish 7,445,814---- 404,3782,643,971 95%Elected—
Elect Director: Lori A. Johnston 7,249,784---- 600,4082,643,971 92%Elected—
Elect Director: Marcia S. Latta 7,388,916---- 461,2762,643,971 94%Elected—
Elect Director: Steven J. Planson 7,464,660---- 385,5322,643,971 95%Elected—
Elect Director: Kevin J. Sauder 6,380,338---- 1,469,8542,643,971 81%Elected—
Elect Director: Frank R. Simon 7,266,957---- 583,2352,643,971 93%Elected—
Elect Director: David P. Vernon 7,497,485---- 352,7072,643,971 96%Elected—
2. A proposal to approve and adopt the Farmers & Merchants Bancorp, Inc 5,980,3111,796,64173,239 --2,643,971 77%Not verified—
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 8,984,2171,315,721194,224 --194,224 87%Not verified—
4. An advisory vote to approve the executive compensation programs of the Company 7,015,116472,922362,154 --2,643,971 94%Not verified—
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 10,267,97173,431152,760 --152,760 99.2%Not verified—

Source: FARMERS & MERCHANTS BANCORP INC., Form 8-K, filed with the SEC on April 16, 2025 — read the filing on EDGAR.

How asset managers voted at the FARMERS & MERCHANTS BANCORP INC. 2024-2025 meeting

Each item below shows how the 103 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 2 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 7,628,889WITHHELD: 221,303
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”): 7,628,889 for, 221,303 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,144,417 for, 4,991 withheld.

FOR
FOR: 2,144,417WITHHOLD: 4,991
Largest asset managers voting on “Election of Directors: Andrew J. Briggs” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5110 02For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust4,0500 00For
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

2. Elect Director: David P. Vernon

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 7,497,485WITHHELD: 352,707
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”): 7,497,485 for, 352,707 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,149,408 for.

FOR
FOR: 2,149,408
Largest asset managers voting on “Election of Directors: David P. Vernon” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5130 00For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust4,0500 00For
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

3. Elect Director: Frank R. Simon

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 7,266,957WITHHELD: 583,235
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”): 7,266,957 for, 583,235 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,141,758 for, 7,650 withheld.

FOR
FOR: 2,141,758WITHHOLD: 7,650
Largest asset managers voting on “Election of Directors: Frank R. Simon” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5130 00For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust00 04,050Withhold
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

4. Elect Director: Ian D. Boyce

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%
FOR: 7,235,895WITHHELD: 614,298
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”): 7,235,895 for, 614,298 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 92% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,149,408 for.

FOR
FOR: 2,149,408
Largest asset managers voting on “Election of Directors: Ian D. Boyce” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5130 00For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust4,0500 00For
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

5. Elect Director: Jo Ellen Hornish

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 7,445,814WITHHELD: 404,378
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”): 7,445,814 for, 404,378 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,145,356 for, 4,052 withheld.

FOR
FOR: 2,145,356WITHHOLD: 4,052
Largest asset managers voting on “Election of Directors: Jo Ellen Hornish” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5110 02For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust00 04,050Withhold
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

6. Elect Director: Kevin G. Frey

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 7,503,926WITHHELD: 346,266
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Election of Directors: Kevin G. Frey

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 filed April 16, 2025 (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 2026.”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,149,408 for.

FOR
FOR: 2,149,408
Largest asset managers voting on “Election of Directors: Kevin G. Frey” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5130 00For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust4,0500 00For
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

7. Elect Director: Kevin J. Sauder

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

81% Majority: yes · of votes cast

FOR 81%WITHHELD
FOR: 6,380,338WITHHELD: 1,469,854
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”): 6,380,338 for, 1,469,854 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 81% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,543,227 for, 606,181 withheld.

FORWITHHOLD
FOR: 1,543,227WITHHOLD: 606,181
Largest asset managers voting on “Election of Directors: Kevin J. Sauder” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock00 0538,547Withhold
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable8,9800 020,939Mixed
State Street22,5110 02For
QUANTITATIVE MASTER SERIES LLC00 020,935Withhold
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life00 08,510Withhold
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust00 05,825Withhold
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust00 04,050Withhold
Nationwide00 03,724Withhold

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

8. Elect Director: Lars B. Eller

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 7,453,634WITHHELD: 396,558
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”): 7,453,634 for, 396,558 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,149,406 for, 2 withheld.

FOR
FOR: 2,149,406WITHHOLD: 2
Largest asset managers voting on “Election of Directors: Lars B. Eller” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5110 02For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust4,0500 00For
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

9. Elect Director: Lori A. Johnston

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%
FOR: 7,249,784WITHHELD: 600,408
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”): 7,249,784 for, 600,408 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 92% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,149,408 for.

FOR
FOR: 2,149,408
Largest asset managers voting on “Election of Directors: Lori A. Johnston” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5130 00For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust4,0500 00For
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

10. Elect Director: Marcia S. Latta

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 7,388,916WITHHELD: 461,276
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”): 7,388,916 for, 461,276 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 94% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,133,688 for, 15,720 withheld.

FOR
FOR: 2,133,688WITHHOLD: 15,720
Largest asset managers voting on “Election of Directors: Marcia S. Latta” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5110 02For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial7,3270 09,400Mixed
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust00 04,050Withhold
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

11. Elect Director: Steven J. Planson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 7,464,660WITHHELD: 385,532
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”): 7,464,660 for, 385,532 withheld, per its Form 8-K filed April 16, 2025 (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 2026.”
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,108,797 for, 40,611 withheld.

FOR
FOR: 2,108,797WITHHOLD: 40,611
Largest asset managers voting on “Election of Directors: Steven J. Planson” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA00 032,910Withhold
Equitable29,9190 00For
State Street22,5110 02For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust00 04,050Withhold
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

12. 3. To amend the Company's Articles of Incorporation to increase the number of Common Shares that the Company is…

Outcome not verifiedCAPITAL STRUCTUREReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

87% Majority: yes · of votes cast

FOR 87%
FOR: 8,984,217AGAINST: 1,315,721
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Increase the Number of Authorized Common Shares. 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

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“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 filed April 16, 2025 (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: 87% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,149,406 for, 2 against.

FOR
FOR: 2,149,406AGAINST: 2
Largest asset managers voting on “Increase the Number of Authorized Common Shares. To amend the Company's Articles of Incorporation to increase ” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5112 00For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust4,0500 00For
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

13. 2. A proposal to approve and adopt the Farmers & Merchants Bancorp, Inc

Outcome not verifiedCOMPENSATIONReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

77% Majority: yes · of votes cast

FOR 77%AGAINST
FOR: 5,980,311AGAINST: 1,796,641
Details: description as filed, official tally, votes by 41 asset managers

Description as filed by funds: Long-Term Stock Incentive Plan. The Board of Directors has adopted and recommends to the shareholders approval and adoption of the Farmers & Merchants Bancorp, Inc. 2025 Long-Term Stock Incentive Plan to replace the 2015 Long-Term Stock Incentive Plan.

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“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 filed April 16, 2025 (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: 77% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 1,584,570 for, 564,838 against.

FORAGAINST
FOR: 1,584,570AGAINST: 564,838
Largest asset managers voting on “Long-Term Stock Incentive Plan. The Board of Directors has adopted and recommends to the shareholders approval” at FARMERS & MERCHANTS BANCORP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock0274,044 00Against
Fidelity257,1000 00For
Dimensional0115,263 00Against
First Trust047,069 00Against
Charles Schwab36,5570 00For
TIAA032,910 00Against
Equitable29,9190 00For
State Street1422,499 00Against
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial9,4007,327 00Mixed
American Century014,492 00Against
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica06,277 00Against
Northern Trust06,141 00Against
WisdomTree06,099 00Against
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC04,530 00Against
Voya04,407 00Against
Brighthouse04,130 00Against
EA Series Trust4,0500 00For
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

14. 4. An 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 3 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 7,015,116AGAINST: 472,922
Details: description as filed, official tally, votes by 103 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 (“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 filed April 16, 2025 (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: 94% 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., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5112 00For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV00 13,3330Abstain
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree06,099 00Against
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC04,530 00Against
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust4,0500 00For
Nationwide3,7240 00For

Fund voting reports, all 41 managers: 2,124,104 for, 11,971 against, 13,333 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 78 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., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock342,965117 00For
John Hancock302,3910 00For
GEODE CAPITAL MANAGEMENT, LLC289,2020 00For
State Street231,194415 00For
Gryphon Financial Partners LLC100,1850 00For
Northern Trust93,2271,218 00For
MELLON INVESTMENTS Corp040,766 00Against
KEYBANK NATIONAL ASSOCIATION/OH40,5220 00For
Charles Schwab36,5570 00For
Nuveen34,1790 00For
Dimensional31,3850 00For
Citadel16,4570 00For
BRIDGEWAY CAPITAL MANAGEMENT, LLC014,730 00Against
American Century14,4920 00For
Vanguard9,9060 00For
AllianceBernstein8,9800 00For
PARK NATIONAL CORP /OH/8,4830 00For
Stifel Trust Company, N.A.7,0960 00For
FRANKLIN ADVISERS INC6,7060 00For
JOHNSON INVESTMENT COUNSEL INC6,6670 00For
WASHINGTON STATE INVESTMENT BOARD6,2110 00For
T. Rowe Price5,3860 00For
Goldman Sachs4,4150 00For
Voya4,4070 00For
Rhumbline4,37420 00For

Institutional-manager reports, all 78 managers: 1,654,788 for, 69,732 against. Showing the 25 largest; see all in the interactive database.

15. 5. An advisory vote on the ratification of the Company's appointment of the independent registered public accounting…

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 10,267,971AGAINST: 73,431
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, Plante Moran, PLLC for the fiscal year ending December 31, 2025.

FARMERS & MERCHANTS BANCORP INC.’s own tally for this item (“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 filed April 16, 2025 (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: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 41 asset managers below reported 2,145,358 for, 4,050 against.

FOR
FOR: 2,145,358AGAINST: 4,050
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., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard641,6190 00For
BlackRock538,5470 00For
John Hancock274,0440 00For
Fidelity257,1000 00For
Dimensional115,2630 00For
First Trust47,0690 00For
Charles Schwab36,5570 00For
TIAA32,9100 00For
Equitable29,9190 00For
State Street22,5130 00For
QUANTITATIVE MASTER SERIES LLC20,9350 00For
Lincoln Financial16,7270 00For
American Century14,4920 00For
Northern Lights Fund Trust IV13,3330 00For
Pacific Life8,5100 00For
Global X7,2630 00For
AIG/SunAmerica6,2770 00For
Northern Trust6,1410 00For
WisdomTree6,0990 00For
Bridge Builder Trust5,8250 00For
BRIDGEWAY FUNDS INC4,5300 00For
Voya4,4070 00For
Brighthouse4,1300 00For
EA Series Trust04,050 00Against
Nationwide3,7240 00For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

Largest FARMERS & MERCHANTS BANCORP INC. shareholders voting in 2024-2025

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 13,700,311 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…”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 4.68%
2BlackRock 3.93%
3John Hancock 2.00%
4Fidelity 1.88%
5Dimensional 0.84%
6First Trust 0.34%
7Charles Schwab 0.27%
8TIAA 0.24%
9Equitable 0.22%
10State Street 0.16%
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…”, 2024-2025
#Asset manager % of shares outstanding
1BlackRock 2.50%
2John Hancock 2.21%
3GEODE CAPITAL MANAGEMENT, LLC 2.11%
4State Street 1.69%
5Gryphon Financial Partners LLC 0.73%
6Northern Trust 0.69%
7MELLON INVESTMENTS Corp 0.30%
8KEYBANK NATIONAL ASSOCIATION/OH 0.30%
9Charles Schwab 0.27%
10Nuveen 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 2024-2025 proxy season
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 February 21, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

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 21, 2025. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At FARMERS & MERCHANTS BANCORP INC.'s shareholder meeting held April 14, 2025, in the 2024-2025 proxy season, 103 asset managers reported how they voted on 15 ballot items in their SEC Form N-PX filings, covering 1,854 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 on April 16, 2025.

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

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