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    <div style="text-align: center; margin-top: 5.85pt; margin-bottom: 5.85pt; font-size: 14pt;"><font style="font-weight: bold;">UNITED STATES</font><br>
      <font style="font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    <div style="text-align: center; margin-top: 7.5pt; margin-bottom: 7.5pt; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt; font-size: 12pt;"><font style="font-weight: bold;">CURRENT REPORT</font><br>
      <font style="font-weight: bold;">Pursuant to Section&#160;13 or 15(d) of</font><br>
      <font style="font-weight: bold;">the Securities Exchange Act of 1934</font></div>
    <div style="text-align: center; margin-top: 4.6pt; margin-bottom: 4.6pt;">Date of Report (Date of earliest event reported): October 18, 2022</div>
    <div style="text-align: center; margin-top: 4.6pt; margin-bottom: 4.6pt;">_________________________</div>
    <div style="text-align: center; margin-top: 10pt; margin-bottom: 10pt; font-size: 24pt; font-weight: bold;">F &amp; M Bank Corp.</div>
    <div style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;">(Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zd234c7731d164c7f869e41640543524a">

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          <td style="width: 33.57%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Virginia</div>
            <div style="text-align: center;">(State or other jurisdiction</div>
            <div style="text-align: center;">of incorporation)</div>
          </td>
          <td style="width: 33.21%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">000-13273</div>
            <div style="text-align: center;">(Commission File Number)</div>
          </td>
          <td style="width: 33.22%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">54-1280811</div>
            <div style="text-align: center;">(IRS Employer</div>
            <div style="text-align: center;">Identification No.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; margin-top: 4.6pt; margin-bottom: 4.6pt;"><font style="font-weight: bold;">P.O. Box 1111</font><br>
      <font style="font-weight: bold;">Timberville, Virginia 22853</font><br>
      <font style="font-weight: bold;">(540)&#160;896-8941</font></div>
    <div style="text-align: center; margin-top: 4.6pt; margin-bottom: 4.6pt;">(Address including zip code, and telephone number, including area code, of registrant&#8217;s principal executive offices)</div>
    <div style="text-align: center; margin-top: 4.6pt; margin-bottom: 4.6pt; font-weight: bold;">Not Applicable</div>
    <div style="text-align: center;">(Former name or former address, if changed since last report.)</div>
    <div><br>
    </div>
    <div>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">&#9633;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div style="text-indent: 18pt;">&#9633;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div style="text-indent: 18pt;">&#9633;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div style="text-indent: 18pt;">&#9633;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    <div><br>
    </div>
    <div>Securities registered pursuant to Section 12(b) of the Act:</div>
    <div><br>
    </div>
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            <div>&#160;</div>
            <div style="text-align: center;">Title of each class</div>
          </td>
          <td style="width: 24.58%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Trading</div>
            <div style="text-align: center;">Symbol(s)</div>
          </td>
          <td style="width: 36.52%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Name of each exchange</div>
            <div style="text-align: center;">on which registered</div>
          </td>
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          <td colspan="3" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">None</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 22.5pt;">Emerging growth company&#160; &#9633;</div>
    <div><br>
    </div>
    <div style="text-align: justify;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160; &#9633;</div>
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          <td style="width: 72pt; vertical-align: top; align: right; font-weight: bold;">Item 5.02</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</div>
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    <div style="text-indent: 36pt; margin-top: 5pt; margin-bottom: 5pt;">On October 18, 2022, F&amp;M Bank Corp. (the &#8220;Company&#8221;) appointed Lisa F. Campbell as Executive Vice President and Chief Financial Officer of the Company and its wholly-owned
      subsidiary, Farmers &amp; Merchants Bank (the &#8220;Bank&#8221;), effective immediately.</div>
    <div style="text-indent: 36pt; margin-top: 5pt; margin-bottom: 5pt;">
      <div>Ms. Campbell, age 54, served as Chief Financial Officer of Fidelity Bancshares (NC), Inc. and its wholly-owned subsidiary, The Fidelity Bank from August 29,
        2014 to October 14, 2022.&#160; Prior to that, she served as Chief Financial Officer of Select Bancorp, Inc. and its wholly-owned subsidiary Select Bank &amp; Trust.&#160; There is no family relationship between Ms. Campbell and any director or executive
        officer of the Company or the Bank.</div>
    </div>
    <div style="text-indent: 36pt; margin-top: 5pt; margin-bottom: 5pt;">Also on October 18, 2022, the Company, the Bank and Ms. Campbell entered into an employment agreement in connection with her appointment.&#160; The term of Ms. Campbell&#8217;s employment
      agreement began on October 18, 2022 and will continue until December 31, 2024, unless terminated earlier in accordance with its terms.&#160; On December 31, 2023, and each December 31 thereafter, the term of her agreement shall be renewed and extended by
      one year, such that the extended term of her agreement on December 31, 2023 or the applicable anniversary thereof is two years, unless either Ms. Campbell or the Company gives advance notice to the other in writing.&#160; Ms. Campbell&#8217;s employment
      agreement provides for an initial base salary of $250,000 per year. Ms. Campbell will be eligible to be receive bonuses in the discretion of the Company&#8217;s Board of Directors.&#160; It is anticipated that Ms. Campbell will be provided an annual cash bonus
      opportunity of 25% to 35% of her base salary and an annual long-term equity or equity-based incentive award of up to 15% of her base salary.&#160; She is also entitled to a $35,000 relocation and signing bonus, customary business expense reimbursement and
      other benefits, and to participate in the Company&#8217;s employee benefit plans and programs for which she is or will be eligible.</div>
    <div style="text-indent: 36pt; margin-top: 5pt; margin-bottom: 5pt;">Ms. Campbell&#8217;s employment agreement provides for the termination of Ms. Campbell&#8217;s employment by the Company without &#8220;Cause&#8221; or by her for &#8220;Good Reason&#8221; in the absence of a &#8220;Change of
      Control&#8221; (as those terms are defined in the agreement). In such cases, Ms. Campbell will be entitled to receive (i) her then-current base salary for the greater of the remainder of the term or 12 months, (ii) any bonus or other short-term incentive
      compensation earned, but not yet paid, for prior years and (iii) a welfare continuance benefit in an amount equal to 12 times the excess of COBRA premiums that would apply as of Ms. Campbell&#8217;s date of termination for continued health, dental and
      vision coverage, if COBRA continuation were elected for such coverage, over the amount that she paid for such coverage immediately before her termination of employment.&#160; Ms. Cambell&#8217;s employment agreement also provides for the termination of Ms.
      Campbell&#8217;s employment by the Company following a &#8220;Change of Control&#8221; or by her for &#8220;Good Reason&#8221; following a &#8220;Change of Control.&#8221; In such cases, Ms. Campbell will be entitled to receive, among other things, a lump sum amount equal to (i) the welfare
      continuance benefit described above, substituting 24 for 12 and (ii) 2.99 times the sum of her base salary and the greater of her target annual bonus or actual annual bonus for the most recent year.</div>
    <div style="text-indent: 36pt; margin-top: 5pt; margin-bottom: 5pt;">Ms. Campbell will not be entitled to any compensation or other benefits under her employment agreement if her employment is terminated upon her death, by the Company for &#8220;Cause,&#8221; or
      by her in the absence of &#8220;Good Reason.&#8221;</div>
    <div style="text-indent: 36pt; margin-top: 5pt; margin-bottom: 5pt;">Ms. Campbell&#8217;s employment agreement contains restrictive covenants relating to the protection of confidential information, non-disclosure, non-competition and non-solicitation. The
      non-compete and non-solicitation covenants generally continue for a period of 18 months following the last day of Ms. Campbell&#8217;s employment.</div>
    <div style="text-indent: 36pt; margin-top: 5pt; margin-bottom: 5pt;">The foregoing summary of Ms. Campbell&#8217;s employment agreement does not purport to be complete and is qualified in its entirety by reference to the full text of her employment
      agreement, which is attached as Exhibit 10.1 to this report and incorporated by reference into this Item 5.02.</div>
    <div style="margin-top: 5pt; margin-bottom: 5pt; font-weight: bold;">Item 9.01&#160; &#160; Financial Statements and Exhibits.</div>
    <div style="text-indent: 27pt; margin-top: 5pt; margin-bottom: 5pt;">(d)&#160; &#160; Exhibits</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" id="zd55beb78ac9e4481966ea418b2abdc90">

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            <div style="font-family: 'Times New Roman', Times, serif;"><u>Exhibit No.</u></div>
          </td>
          <td style="width: 79.89%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;"><u>Description</u></div>
          </td>
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          <td style="width: 8%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">10.1</div>
          </td>
          <td style="width: 79.89%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">Employment Agreement, dated October 18, 2022, by and between F&amp;M Bank Corp., Farmers &amp; Merchants Bank, and Lisa F. Campbell.</div>
          </td>
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          <td style="width: 8%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">10.4</div>
          </td>
          <td style="width: 79.89%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">Cover Page Interactive Data File (embedded within the Inline XBRL document).</div>
          </td>
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    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt; font-weight: bold;">SIGNATURES</div>
    <div style="margin-top: 4.6pt;"><br>
    </div>
    <div style="text-indent: 36pt; margin-bottom: 4.6pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z52b9377cdf234e6aa7f05f1756fd689f">

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          <td style="width: 35%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="font-weight: bold;">F &amp; M Bank Corp.</div>
          </td>
          <td style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 35%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 35%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Mark C. Hanna</div>
          </td>
          <td style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 35%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 20%; vertical-align: top;">
            <div>Mark C. Hanna</div>
          </td>
          <td style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 35%; vertical-align: top;">
            <div>October 24, 2022</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 20%; vertical-align: top;">
            <div>President and Chief Executive Officer</div>
          </td>
          <td style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>

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{"company-data": {"conformed-name": "F&M BANK CORP", "cik": "0000740806", "assigned-sic": "6022", "irs-number": "541280811", "state-of-incorporation": "VA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-13273", "film-number": "221325928"}, "business-address": {"street1": "P.O. BOX 1111", "city": "TIMBERVILLE", "state": "VA", "zip": "22853", "phone": "540-896-8941"}, "mail-address": {"street1": "P. O. BOX 1111", "city": "TIMBERVILLE", "state": "VA", "zip": "22853"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 18, 2022
_________________________
F & M Bank Corp.
(Exact name of registrant as specified in its charter)
Virginia
(State or other jurisdiction
of incorporation)
000-13273
(Commission File Number)
54-1280811
(IRS Employer
Identification No.)
P.O. Box 1111
Timberville, Virginia 22853
(540) 896-8941
(Address including zip code, and telephone number, including area code, of registrant's principal executive offices)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company  □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.  □
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 18, 2022, F&M Bank Corp. (the "Company") appointed Lisa F. Campbell as Executive Vice President and Chief Financial Officer of the Company and its wholly-owned
      subsidiary, Farmers & Merchants Bank (the "Bank"), effective immediately.
Ms. Campbell, age 54, served as Chief Financial Officer of Fidelity Bancshares (NC), Inc. and its wholly-owned subsidiary, The Fidelity Bank from August 29,
        2014 to October 14, 2022.  Prior to that, she served as Chief Financial Officer of Select Bancorp, Inc. and its wholly-owned subsidiary Select Bank & Trust.  There is no family relationship between Ms. Campbell and any director or executive
        officer of the Company or the Bank.
Also on October 18, 2022, the Company, the Bank and Ms. Campbell entered into an employment agreement in connection with her appointment.  The term of Ms. Campbell's employment
      agreement began on October 18, 2022 and will continue until December 31, 2024, unless terminated earlier in accordance with its terms.  On December 31, 2023, and each December 31 thereafter, the term of her agreement shall be renewed and extended by
      one year, such that the extended term of her agreement on December 31, 2023 or the applicable anniversary thereof is two years, unless either Ms. Campbell or the Company gives advance notice to the other in writing.  Ms. Campbell's employment
      agreement provides for an initial base salary of $250,000 per year. Ms. Campbell will be eligible to be receive bonuses in the discretion of the Company's Board of Directors.  It is anticipated that Ms. Campbell will be provided an annual cash bonus
      opportunity of 25% to 35% of her base salary and an annual long-term equity or equity-based incentive award of up to 15% of her base salary.  She is also entitled to a $35,000 relocation and signing bonus, customary business expense reimbursement and
      other benefits, and to participate in the Company's employee benefit plans and programs for which she is or will be eligible.
Ms. Campbell's employment agreement provides for the termination of Ms. Campbell's employment by the Company without "Cause" or by her for "Good Reason" in the absence of a "Change of
      Control" (as those terms are defined in the agreement). In such cases, Ms. Campbell will be entitled to receive (i) her then-current base salary for the greater of the remainder of the term or 12 months, (ii) any bonus or other short-term incentive
      compensation earned, but not yet paid, for prior years and (iii) a welfare continuance benefit in an amount equal to 12 times the excess of COBRA premiums that would apply as of Ms. Campbell's date of termination for continued health, dental and
      vision coverage, if COBRA continuation were elected for such coverage, over the amount that she paid for such coverage immediately before her termination of employment.  Ms. Cambell's employment agreement also provides for the termination of Ms.
      Campbell's employment by the Company following a "Change of Control" or by her for "Good Reason" following a "Change of Control." In such cases, Ms. Campbell will be entitled to receive, among other things, a lump sum amount equal to (i) the welfare
      continuance benefit described above, substituting 24 for 12 and (ii) 2.99 times the sum of her base salary and the greater of her target annual bonus or actual annual bonus for the most recent year.
Ms. Campbell will not be entitled to any compensation or other benefits under her employment agreement if her employment is terminated upon her death, by the Company for "Cause," or
      by her in the absence of "Good Reason."
Ms. Campbell's employment agreement contains restrictive covenants relating to the protection of confidential information, non-disclosure, non-competition and non-solicitation. The
      non-compete and non-solicitation covenants generally continue for a period of 18 months following the last day of Ms. Campbell's employment.
The foregoing summary of Ms. Campbell's employment agreement does not purport to be complete and is qualified in its entirety by reference to the full text of her employment
      agreement, which is attached as Exhibit 10.1 to this report and incorporated by reference into this Item 5.02.
Item 9.01    Financial Statements and Exhibits.
(d)    Exhibits
Exhibit No.
Description
10.1
Employment Agreement, dated October 18, 2022, by and between F&M Bank Corp., Farmers & Merchants Bank, and Lisa F. Campbell.
10.4
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
F & M Bank Corp.
By:
/s/ Mark C. Hanna
Mark C. Hanna
October 24, 2022
President and Chief Executive Officer