Farmers and Merchants Bancshares, Inc. - Second Amendment to Rights Agreement

Farmers and Merchants Bancshares, Inc. has entered into a Second Amendment to its Rights Agreement with Equiniti Trust Company, LLC. This amendment, dated June 16, 2026, extends the final expiration date of the rights issued under the agreement from July 29, 2026, to July 29, 2027. The extension is effective unless further extended or accelerated as stipulated in the original Rights Agreement. This modification is a material change to the rights of security holders and is filed as an exhibit to the Form 8-K.