First United Corp Files 8-K

Ticker: FUNC · Form: 8-K · Filed: Sep 3, 2024 · CIK: 763907

Sentiment: neutral

Topics: disclosure, regulatory-filing

TL;DR

FIRST UNITED CORP (Maryland) filed a standard 8-K on 8/30/24, no major news.

AI Summary

On August 30, 2024, First United Corporation (Maryland) filed an 8-K report detailing other events. The filing does not contain specific financial figures or significant corporate actions beyond routine reporting requirements.

Why It Matters

This 8-K filing from First United Corporation indicates a routine disclosure event, providing transparency to investors about corporate activities.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and does not disclose any material changes, risks, or significant financial information.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing?

This 8-K filing is for 'Other Events' and serves as a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

When was the earliest event reported in this filing?

The earliest event reported in this filing was on August 30, 2024.

What is the principal executive office address of First United Corporation?

The principal executive office address is 19 South Second Street, Oakland, Maryland 21550.

What is the IRS Employer Identification Number for First United Corporation?

The IRS Employer Identification Number is 52-1380770.

What is the SIC code for First United Corporation?

The Standard Industrial Classification (SIC) code is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.

Filing Stats: 639 words · 3 min read · ~2 pages · Grade level 12.7 · Accepted 2024-09-03 16:41:51

Filing Documents

01. Other Events

Item 8.01. Other Events. The Board of Directors of First United Corporation (the "Corporation") adopted a stock purchase program (the "Repurchase Program") that became effective on August 30, 2024. The Repurchase Program authorizes the Corporation to purchase up to an aggregate of 600,000 shares of its common stock, par value $.01 per share (the "Common Stock"), representing 9.3% of the issued and outstanding shares of Common Stock as of such date, over a 18-month period. The shares may be purchased in open market transactions or privately-negotiated transactions at such times, in such amounts, at such prices and upon such other terms as are determined in the discretion of the Corporation's Chairman, President and Chief Executive Officer, provided that each proposed purchase must be consistent with applicable securities laws and regulations, including Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, and the Corporation's blackout policy. Information about purchases effected under the Repurchase Program, if any, will be disclosed in the appropriate items of the periodic reports that the Corporation files with the Securities and Exchange Commission. It should be noted that the Corporation might not purchase any shares of Common Stock under the Repurchase Program. Whether any purchases are made (and the number of shares purchased) will depend on a variety of factors, including the opportunities (if any) to purchase shares that might exist from time to time, the prices and volumes at which such shares might be available and the Corporation's capital requirements and plans.

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) -2-

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: September 3, 2024 By: /s/ Tonya K. Sturm Tonya K. Sturm Senior Vice President & CFO -3-

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