Short answer
FIRST UNITED CORP/MD/ (FUNC) filed an 8-K current report with the SEC on September 29, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Three directors elected effective September 24, 2026, serving through the 2027 annual shareholder meeting.
FIRST UNITED CORP/MD/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Three directors elected effective September 24, 2026, serving through the 2027 annual shareholder meeting
- New directors also join First United Bank & Trust’s board, expanding oversight across banking operations
- Committee assignments span Audit, Risk, Compliance, ALCO, Trust, and Loan functions
- Each receives an $8,750 cash retainer plus 583 fully vested shares through the 2027 annual meeting
- Meeting fees include $1,000 per board meeting and $500 per company or bank committee meeting
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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