First United Corp Files 8-K on Shareholder Votes & Financials
Ticker: FUNC · Form: 8-K · Filed: May 10, 2024 · CIK: 763907
Sentiment: neutral
Topics: corporate-governance, financial-reporting, 8-K
TL;DR
FIRST UNITED CORP (Maryland) filed an 8-K on 5/9/24 covering shareholder votes and financials.
AI Summary
On May 9, 2024, First United Corporation filed an 8-K report detailing the submission of matters to a vote of security holders and financial statements. The filing includes information about the company's incorporation in Maryland and its principal executive offices located at 19 South Second Street, Oakland, Maryland.
Why It Matters
This filing provides essential updates on corporate governance and financial reporting for First United Corporation, impacting investor understanding of the company's operations and decisions.
Risk Assessment
Risk Level: low — This is a routine 8-K filing for corporate governance and financial reporting, not indicating any immediate material adverse events.
Key Numbers
- 0-14237 — Commission file number (Identifies the company's SEC filing history.)
- 52-1380770 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- First United Corporation (company) — Registrant
- Maryland (company) — State of incorporation
- May 9, 2024 (date) — Date of earliest event reported
- 19 South Second Street, Oakland, Maryland 21550 (location) — Address of principal executive offices
FAQ
What specific matters were submitted to a vote of security holders?
The filing indicates 'Submission of Matters to a Vote of Security Holders' as an item, but the specific details of these matters are not provided in the excerpt.
What financial statements are included in this filing?
The filing lists 'Financial Statements and Exhibits' as an item, but the specific financial statements are not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated May 9, 2024.
What is the primary business of First United Corporation?
First United Corporation is classified under 'NATIONAL COMMERCIAL BANKS [6021]' according to its Standard Industrial Classification.
Where are First United Corporation's principal executive offices located?
The principal executive offices are located at 19 South Second Street, Oakland, Maryland 21550.
Filing Stats: 710 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-05-10 16:42:30
Filing Documents
- tm2414171d1_8k.htm (8-K) — 46KB
- 0001104659-24-059959.txt ( ) — 215KB
- func-20240509.xsd (EX-101.SCH) — 3KB
- func-20240509_lab.xml (EX-101.LAB) — 33KB
- func-20240509_pre.xml (EX-101.PRE) — 22KB
- tm2414171d1_8k_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. (a) and (b) Voting Results. At the 2024 annual meeting of shareholders of First United Corporation (the "Corporation") held on May 9, 2024, the shareholders voted on the four 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. For purpose of simplification, fractional votes have been omitted and voting numbers have been rounded to the nearest whole share. Proposal 1 – Election of 11 directors to serve on the Corporation's Board of Directors (the "Board"), each until the 2025 annual meeting of shareholders and until his or her successor is duly elected and qualified. For Withheld Abstain Broker Non-Votes John F. Barr 3,598,824 188,867 28,919 1,267,237 Brian R. Boal 3,479,041 318,189 19,379 1,267,237 Sanu B. Chadha 3,534,810 215,577 66,222 1,267,237 Christy M. DiPietro 3,544,372 243,165 29,072 1,267,237 Kevin R. Hessler 3,491,036 281,291 44,283 1,267,237 Patricia A. Milon 3,543,507 242,535 30,568 1,267,237 Beth E. Moran 3,604,977 192,366 19,267 1,267,237 Carissa L. Rodeheaver 3,571,937 235,679 8,994 1,267,237 I. Robert Rudy 3,561,543 236,185 18,882 1,267,237 Marisa A. Shockley 3,566,939 221,812 27,859 1,267,237 H. Andrew Walls, III 3,571,204 196,714 48,691 1,267,237 Proposal 2 – Reduce the votes required to approve certain shareholder actions, from two-thirds of all votes entitled to be cast on the matter to a majority of all votes entitled to be cast on the matter. For Against Abstain Broker Non-Votes 3,532,785 208,333 75,492 1,267,237 Proposal 3 – Adoption of advisory resolution approving the compensation paid to the Corporation's named executive officers for 2023: For Against Abstain Broker Non-Votes 3,491,322 234,313 90,975 1,267,237 Proposal 4 – Ratification of the appointment of Crowe LLP as the Corporatio
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The exhibits filed or furnished with this report are listed in the following Exhibit Index: Exhibit No. Description 104 Cover page interactive data file (embedded within the iXBRL document) - 3 -
SIGNATURES
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. FIRST UNITED CORPORATION Dated: May 10, 2024 By: /s/ Tonya K. Sturm Tonya K. Sturm Senior Vice President & CFO - 4 -