UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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).
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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 5.07 | Submission of Matters to a Vote of Security Holders. |
(a) and (b) Voting Results.
At the 2023 annual meeting of shareholders of First United Corporation (the “Corporation”) held on May 11, 2023, the shareholders voted on the three 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.
Proposal 1 – Election of six nominees to serve on the Corporation’s Board of Directors, each until the 2024 annual meeting of shareholders and until his or her successor is duly elected and qualifies.
| For | Withheld | Abstain | Broker Non-Votes | |||||||||||||
| John F. Barr | 4,118,907 | 259,386 | 20,478 | 996,273 | ||||||||||||
| Brian R. Boal | 4,050,947 | 328,787 | 19,037 | 996,273 | ||||||||||||
| Beth E. Moran | 4,101,859 | 229,153 | 67,759 | 996,273 | ||||||||||||
| I. Robert Rudy | 4,101,217 | 276,351 | 21,203 | 996,273 | ||||||||||||
| Marisa A. Shockley | 4,038,361 | 328,519 | 31,891 | 996,273 | ||||||||||||
| H. Andrew Walls, III | 4,133,456 | 232,230 | 33,085 | 996,273 | ||||||||||||
Proposal 2 – Adoption of a non-binding advisory resolution approving the compensation paid to the Corporation’s named executive officers for 2022:
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 4,105,453 | 253,272 | 40,047 | 996,273 | |||||||||||
Proposal 3 – Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2023:
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 5,358,535 | 7,711 | 28,799 | 0 | |||||||||||
| 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) |
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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 15, 2023 | By: | /s/ Tonya K. Sturm |
| Tonya K. Sturm | ||
| Senior Vice President & CFO | ||
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