FIRST MID BANCSHARES, INC. DEF 14A Filing

Ticker: FMBH · Form: DEF 14A · Filed: Mar 15, 2024 · CIK: 700565

First Mid Bancshares, INC. DEF 14A Filing Summary
FieldDetail
CompanyFirst Mid Bancshares, INC. (FMBH)
Form TypeDEF 14A
Filed DateMar 15, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Executive Compensation, Shareholder Meeting, Corporate Governance, FIRST MID BANCSHARES

TL;DR

<b>FIRST MID BANCSHARES, INC. files DEF 14A on 2024-03-15.</b>

AI Summary

FIRST MID BANCSHARES, INC. (FMBH) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. Filing type is DEF 14A, filed on 2024-03-15. Company name is FIRST MID BANCSHARES, INC., Central Index Key 0000700565. Incorporated in DE, fiscal year ends 1231. Business address: 1515 CHARLESTON AVE, MATTOON, IL 61938. Phone number: 217-234-7454.

Why It Matters

For investors and stakeholders tracking FIRST MID BANCSHARES, INC., this filing contains several important signals. This DEF 14A filing provides details on executive compensation and corporate governance matters for FIRST MID BANCSHARES, INC. The filing includes data related to stock awards, changes in fair value of awards, and dividends paid on vested awards for the fiscal years 2020-2023.

Risk Assessment

Risk Level: low — FIRST MID BANCSHARES, INC. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational red flags.

Analyst Insight

Review executive compensation details and any proposed shareholder actions outlined in the DEF 14A filing.

Key Numbers

Key Players & Entities

FAQ

When did FIRST MID BANCSHARES, INC. file this DEF 14A?

FIRST MID BANCSHARES, INC. filed this Proxy Statement (DEF 14A) with the SEC on March 15, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by FIRST MID BANCSHARES, INC. (FMBH).

Where can I read the original DEF 14A filing from FIRST MID BANCSHARES, INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by FIRST MID BANCSHARES, INC..

What are the key takeaways from FIRST MID BANCSHARES, INC.'s DEF 14A?

FIRST MID BANCSHARES, INC. filed this DEF 14A on March 15, 2024. Key takeaways: Filing type is DEF 14A, filed on 2024-03-15.. Company name is FIRST MID BANCSHARES, INC., Central Index Key 0000700565.. Incorporated in DE, fiscal year ends 1231..

Is FIRST MID BANCSHARES, INC. a risky investment based on this filing?

Based on this DEF 14A, FIRST MID BANCSHARES, INC. presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational red flags.

What should investors do after reading FIRST MID BANCSHARES, INC.'s DEF 14A?

Review executive compensation details and any proposed shareholder actions outlined in the DEF 14A filing. The overall sentiment from this filing is neutral.

How does FIRST MID BANCSHARES, INC. compare to its industry peers?

FIRST MID BANCSHARES, INC. operates in the commercial banking sector.

Are there regulatory concerns for FIRST MID BANCSHARES, INC.?

The filing is made under the Securities Exchange Act of 1934, specifically a Definitive Proxy Statement (DEF 14A).

Industry Context

FIRST MID BANCSHARES, INC. operates in the commercial banking sector.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically a Definitive Proxy Statement (DEF 14A).

What Investors Should Do

  1. Review the detailed executive compensation breakdown for PEO and Non-PEO members.
  2. Analyze the changes in fair value of stock awards and dividends paid on vested awards for the past fiscal years.
  3. Note any specific proposals or voting matters presented to shareholders in this proxy statement.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which typically provides information on executive compensation and shareholder meetings, and does not directly compare financial performance to a prior filing.

Filing Stats: 4,667 words · 19 min read · ~16 pages · Grade level 11.4 · Accepted 2024-03-15 10:45:27

Filing Documents

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ____) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for use of the Commission only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material pursuant to Rule 14a-12 FIRST MID BANCSHARES, INC. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement; if other than the Registrant) Payment of filing fee (check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 March 12, 2024 Dear Fellow Stockholder: On behalf of the Board of Directors and management of First Mid Bancshares, Inc. (the "Company"), I cordially invite you to attend the Annual Meeting of Stockholders of First Mid Bancshares, Inc. to be held at 4:00 p.m. on Wednesday, April 24, 2024. Pursuant to the Securities and Exchange Commission's "notice and access" rules, on or about March 12, 2024, you received in the mail our Notice of Internet Availability of Proxy Materials (the "Notice"), which provided you with instructions on how to access this Proxy Statement via an Internet website, the Company's 2023 annual report to stockholders and the Company's Annual Report on Form 10-K for the recently completed fiscal year. Details regarding the business to be conducted at the meeting are described in the Notice and in this Proxy Statement. At the meeting, we will report on Company operations and the outlook for the year ahead. Directors and officers of the Company, as well as a representative of FORVIS, LLP, the Company's independent auditors, will be present to respond to any appropriate questions stockholders may have. The 2024 annual meeting of stockholders is being held for the following purposes: 1. To elect Holly B. Adams, Joseph R. Dively, and Zachary I. Horn as directors of the Company (Proposal 1); 2. Such other matters as may properly come before the meeting or any adjournments thereof. Whether or not you plan to attend the meeting, please act promptly to vote your shares. You may vote your shares over the Internet or, if you receive or request to receive written proxy materials, by mailing, completing, signing and dating a proxy card and returning it in the accompanying postage paid envelope provided. You may also vote your shares by telephone or by following the instructions set forth on the proxy card or Notice. Please review the instructions for each of your voting options described in the Notice you received in the mail and in this Proxy Statement. If you attend the meeting, you may vote your shares, even if you have previously submitted a proxy in writing, by telephone or through the Internet. Submitting a proxy will ensure that your shares are represented at the meeting. If you have any questions concerning these matters, please contact me at (217) 258-9520 or Austin Frank, Director of Investor Relations, at (217) 258-5522. We look forward with pleasure to your participation in the meeting. Very truly yours, FIRST MID BANCSHARES, INC. /s/ Joseph R. Dively Joseph R. Dively Chairman, President and Chief Executive Officer 1421 Charleston Avenue P.O. Box 499 Mattoon, IL 61938 Phone: (217) 258-0493 1 PROXY STATEMENT Annual Meeting of Stockholders To Be Held April 24, 2024 First Mid Bancshares, Inc. 1421 Charleston Avenue, P.O. Box 499 Mattoon, Illinois 61938 (217) 258-0493 GENERAL INFORMATION This Proxy Statement is furnished in connection with the solicitation of proxies by the Board of Directors of First Mid Bancshares, Inc. (the "Company") to be voted at the Annual Meeting of Stockholders on Wednesday, April 24, 2024 at 4:00 p.m. local time. The Board of Directors would like to have all stockholders represented at the meeting. This proxy statement and the enclosed form of proxy are being made available to the stockholders beginning on or about March 12, 2024. Whether or not you plan to attend the Annual Meeting of Stockholders, we encourage you to read this Proxy Statement and submit your proxy as soon as possible. For specific instructions on how to vote your shares, please refer to the instructions on the Notice of Internet Availability of Proxy Materials you received in the mail and if you receive or request to receive printed proxy materials, the proxy card. The Company's annual report to stockholders and its Annual Report on Form 10-K for the recently completed fiscal year, which includes the consolidated financial statements of the Company, have been made available with this Proxy Statement. The Company is a diversified financial services company which

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on Read The Filing