First Mid Bancshares Announces Executive & Board Changes
Ticker: FMBH · Form: 8-K · Filed: Nov 1, 2024 · CIK: 700565
| Field | Detail |
|---|---|
| Company | First Mid Bancshares, INC. (FMBH) |
| Form Type | 8-K |
| Filed Date | Nov 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
Board shakeup at First Mid Bancshares - new execs and directors appointed.
AI Summary
First Mid Bancshares, Inc. announced on October 29, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names and dollar amounts related to these changes are not detailed in this initial filing.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and board leadership can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- FIRST MID BANCSHARES, INC. (company) — Registrant
- October 29, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 37-1103704 (identifier) — IRS Employer Identification No.
- 1421 CHARLESTON AVENUE (address) — Address of Principal Executive Offices
- MATTOON, IL 61938 (address) — Principal Executive Offices Location
- (217) 234-7454 (phone_number) — Registrant's phone number
FAQ
What specific roles have been affected by the executive and director changes?
The filing indicates the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements, but does not specify the exact roles in this section.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 29, 2024.
What is the state of incorporation for First Mid Bancshares, Inc.?
The state of incorporation is Delaware.
What is the principal executive office address for the company?
The principal executive office is located at 1421 Charleston Avenue, Mattoon, IL 61938.
What is the IRS Employer Identification Number for First Mid Bancshares, Inc.?
The IRS Employer Identification Number is 37-1103704.
Filing Stats: 501 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-11-01 12:22:59
Filing Documents
- f8k_110124.htm (8-K) — 20KB
- 0001171843-24-005957.txt ( ) — 189KB
- fmbh-20241029.xsd (EX-101.SCH) — 3KB
- fmbh-20241029_lab.xml (EX-101.LAB) — 33KB
- fmbh-20241029_pre.xml (EX-101.PRE) — 24KB
- f8k_110124_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. At a meeting of the Board of Directors of First Mid Bancshares, Inc (the "Company) on October 29, 2024, the Board of Directors appointed Mr. Paul L. Palmby to fill the vacancy on the Board of Directors. Mr. Palmby will join the Board of Directors effective November 19, 2024. Mr. Palmby was appointed to serve until the expiration of the current Class I term in 2026, or until his successor is duly elected and qualified, unless he shall earlier resign or be removed. The Board of Directors has determined that Mr. Palmby will serve on the Audit Committee, Compensation Committee, Risk Committee and Nominating & Governance Committee of the Board of Directors. Mr. Palmby will be compensated for his service as a director under the Company's standard compensation program for non-employee directors. There are no related party transactions involving Mr. Palmby that are reportable under Item 404(a) of Regulation S-K. SIGNATURE 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. FIRST MID BANCSHARES, INC. Dated: November 1 , 2024 By: /s/ Joseph R. Dively Joseph R. Dively Chairman, President and Chief Executive Officer