Corporate ActionMay 22, 2026, 04:13 PM

Busey Amends Share Buyback Program; Approves Equity Plan with 2.1M New Shares

AI Summary

First Busey Corporation's stockholders approved the Second Amended 2020 Equity Incentive Plan, authorizing an increase of 2,100,000 shares for equity awards. Additionally, the board of directors approved an amendment to the company's share repurchase program to increase the number of shares. At the Annual Meeting, stockholders also elected 12 directors, approved executive officer compensation in a non-binding advisory vote, and ratified RSM US LLP as the independent auditor for 2026.

Key Highlights

Board approved an amendment to the share repurchase program to increase the number of shares.
Stockholders approved the Second Amended 2020 Equity Incentive Plan.
The Amended Plan authorizes an increase of 2,100,000 shares for equity awards.
12 individuals were elected to serve as directors for a one-year term.
Executive officer compensation was approved with 97.0% of votes for.
The Amended Equity Incentive Plan was approved with 94.4% of votes for.
RSM US LLP was ratified as the independent auditor with 97.5% of votes for.
77.4% of shares were represented at the Annual Meeting.

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FIRST BUSEY CORP /NV/

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