---
schema_version: "secwatch.filing_event.v1"
accession: "0000314489-23-000066"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:32:03.091073+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Busey shareholders approve equity plan; board adds 2M shares to buyback program

## Summary
- Share repurchase program increased by 2,000,000 shares; remaining authorization now 2,122,210 shares.
- Amended 2020 Equity Incentive Plan approved, increasing share pool by 1,350,000 shares.
- All 10 director nominees elected; non-binding say-on-pay passed with ~86% of votes cast in favor.
- Ratification of RSM US LLP as auditor received 97.8% votes for.

## SEC filing metadata
- accession: 0000314489-23-000066
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000031448923000066/0000314489-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000031448923000066/buse-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314489-23-000066
- JSON: https://secwatch.observer/filing/0000314489-23-000066.json
- Plain text: https://secwatch.observer/filing/0000314489-23-000066.txt

## Key facts
- Shareholder Votes
  FIRST BUSEY CORP /NV/ shareholders approved Nonbinding advisory vote to approve executive officer compensation.
  - Proposal: say on pay
  - Outcome: passed
  source text: Proposal 2: Nonbinding, advisory vote to approve executive officer compensation Busey stockholders approved, in a non-binding advisory vote, the compensation of Busey's named executive officers. Votes For Votes Against Abstentions Broker Non-Votes 33,862,236 2,539,027 465,628 6,361,040
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000066/0000314489-23-000066-index.htm
- Shareholder Votes
  FIRST BUSEY CORP /NV/ shareholders approved Election of directors.
  - Proposal: director election
  - Outcome: passed
  source text: Proposal 1: Election of directors Busey stockholders elected 10 individuals to serve as Busey's directors for a one-year term expiring at the 2024 Annual Meeting of Stockholders or until their successors are elected and have qualified. There were 6,361,040 broker non-votes in connection with the election of directors. Name Votes For Votes Withheld Samuel P. Banks 34,023,337 2,843,554 George Barr 35,453,606 1,413,285 Stanley J. Bradshaw 31,516,709 5,350,182 Michael D. Cassens 35,883,714 983,177 Van A. Dukeman 35,467,495 1,399,396 Karen M. Jensen 35,810,517 1,056,374 Frederic L. Kenney 33,921,147 2,945,744 Stephen V. King 34,865,309 2,001,582 Gregory B. Lykins 35,552,969 1,313,922 Cassandra R. Sanford 35,845,487 1,021,404 2
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000066/0000314489-23-000066-index.htm
- Shareholder Votes
  FIRST BUSEY CORP /NV/ shareholders approved Approval of First Busey Corporation Amended 2020 Equity Incentive Plan.
  - Proposal: equity plan
  - Outcome: passed
  source text: Proposal 3: Approval of First Busey Corporation Amended 2020 Equity Incentive Plan Busey stockholders approved the Amended Plan. Votes For Votes Against Abstentions Broker Non-Votes 34,706,071 1,771,021 389,793 6,361,046
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000066/0000314489-23-000066-index.htm
- Shareholder Votes
  FIRST BUSEY CORP /NV/ shareholders approved Ratification of independent registered public accounting firm at the 2023-12-31 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-12-31
  source text: Proposal 4: Ratification of Independent Registered Public Accounting Firm Busey stockholders ratified the appointment of RSM US LLP as Busey’s independent registered public accounting firm for the year ending December 31, 2023. Votes For Votes Against Abstentions Broker Non-Votes 42,287,782 748,844 191,305 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000066/0000314489-23-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.