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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): May 9, 2024

 

First United Corporation

(Exact name of registrant as specified in its charter)

 

Maryland   0-14237   52-1380770
(State or other jurisdiction of   (Commission file number)   (IRS Employer
incorporation or organization)       Identification No.)

 

19 South Second Street, Oakland, Maryland 21550

(Address of principal executive offices) (Zip Code)

 

(301) 334-9471

(Registrant’s telephone number, including area code)

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock FUNC Nasdaq Stock Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

INFORMATION TO BE INCLUDED IN THE REPORT

 

Item 5.07Submission 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 Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2024:

 

For  Against  Abstain  Broker Non-Votes
5,044,211  25,510  14,126  0

 

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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

 

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

 

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May 09, 2024
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Entity File Number 0-14237
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Entity Central Index Key 0000763907
Entity Tax Identification Number 52-1380770
Entity Incorporation, State or Country Code MD
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Entity Address, City or Town Oakland
Entity Address, State or Province MD
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Title of 12(b) Security Common stock
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