First United Corporation — Form 8-K Summary
Event date: September 24, 2026. The report was signed September 29, 2026. This 8-K reports director elections; it does not provide quarterly or annual financial results.
Business context and board changes
Following a recommendation from its Nominating and Governance Committee, First United Corporation elected Steven R. Stuck, Shawn Bender, and Nina Beitzel to its Board, effective September 24, 2026. Their terms run until the 2027 annual meeting and until successors are elected and qualify. Each will also serve on the board of the company’s wholly owned subsidiary, First United Bank & Trust.
The Board expects to appoint Stuck to the Audit, Risk and Compliance, and ALCO Committees; Bender to the Trust, Risk and Compliance, and ALCO Committees; and Beitzel to the Trust, Loan, and ALCO Committees.
Director compensation and financial metrics
For the period from election through the 2027 annual meeting, each new director will receive an $8,750 cash retainer and 583 fully vested shares of common stock. Directors may elect to receive some or all of the cash retainer in shares, with the share count based on the specified Nasdaq trading-price calculation.
Each director will also receive $1,000 for attending a Company or Bank Board meeting, reduced to $200 for qualifying short special or regulatory meetings. Committee meeting fees are $500 per Company Board committee meeting and $500 per Bank Board committee meeting. No duplicate fee is paid when the Company and Bank Boards meet jointly. Directors may participate in the company’s deferred compensation plan, subject to its requirements.
The filing provides no revenue, profit, cash flow, margin, debt, liquidity, or other operating-performance figures, and no comparative financial results.
Other disclosures and outlook
The company states that, since the beginning of its fiscal year ended December 31, 2024, neither it nor its subsidiaries has engaged in a transaction with any of the new directors or their related interests requiring disclosure under Item 404(a) of Regulation S-K; no such transaction is currently proposed for the fiscal year ending December 31, 2026. The filing contains no financial guidance or outlook.
Important facts to verify
- Confirm the directors’ appointments and committee assignments as they take effect.
- Review the 2026 proxy statement for the detailed director compensation and deferred compensation plan terms referenced in the filing.
- Track any subsequent disclosures concerning director-related transactions or changes to board compensation.