Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On October 14, 2022, F&M Bank Corp. (the "Company") entered into a Separation
Agreement and General Release (the "Agreement"), effective October 14, 2022,
with Carrie A. Comer in connection with her previously-announced separation as
Executive Vice President and Chief Financial Officer of the Company. Pursuant
to the Agreement, Ms. Comer is entitled to continuation of her current base
salary for a period of 15 months following her separation, as well as certain
contributions to her health benefits during that period. The Agreement also
contains customary release and waiver of claims provisions in favor of the
Company and affiliated parties. The foregoing summary of the Agreement does not
purport to be complete and is qualified in its entirety by reference to the
Agreement, which will be filed as an exhibit to the Company's Quarterly Report
on Form 10-Q for the quarter ended September 30, 2022.
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