Item 5.07 Submission of Matters to a Vote of Security Holders.

(a) and (b) Voting Results.

At the annual meeting of stockholders of Farmers and Merchants Bancshares, Inc. (the "Company") held on April 25, 2023, the stockholders voted on the two proposals set forth below. These proposals were submitted to a vote through the solicitation of proxies. The results of the votes are set forth below.

Proposal 1 - Election of three nominees to serve on the Company's Board of Directors until the earlier of (a) 2027 annual meeting of stockholders and until their successors are duly elected and qualified, (b) he or she is removed in accordance with the Amended and Restated Bylaws (the "Bylaws"), and (c) the time that he or she fails to qualify to serve as a director as provided in the Bylaws:



                       For    Withheld Broker Non-Votes

Roger D. Cassell 1,623,305 104,489 243,534 Paul F. Wooden, Jr. 1,656,817 70,977 243,534 Gary A. Harris 1,724,729 3,065 243,534

Proposal 2 - Ratification of the Appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for 2023:



   For    Against Abstain Broker Non-Votes
1,961,663  8,833    832          -

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