Corporate GovernanceMay 28, 2026, 04:14 PM
First United Corp Board to Hold Annual Say-on-Pay Votes
AI Summary
First United Corporation held its 2026 annual meeting on May 7, 2026, where shareholders voted on five proposals. All 10 nominated directors were elected, an amendment to the corporate charter was approved, and executive compensation for 2025 was approved in a non-binding advisory vote. Shareholders also ratified Crowe LLP as the independent registered public accounting firm for 2026. Following the advisory vote, the Board of Directors decided on May 27, 2026, to continue holding Say-on-Pay votes annually.
Key Highlights
- All 10 nominated directors were elected to the Board of Directors.
- Shareholders approved an amendment to the Corporation's charter (3,441,697 For).
- Shareholders approved executive compensation for 2025 in an advisory vote (3,441,697 For).
- Shareholders overwhelmingly recommended annual Say-on-Pay votes (4,856,599 for 1 year).
- Crowe LLP was ratified as the independent auditor for fiscal year 2026 (4,856,599 For).
- The Board decided to hold future Say-on-Pay votes annually.
Price Impact
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