---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-060775"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:50:30.258759+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# First United Corp elects directors, approves executive pay at 2023 annual meeting

## Summary
- All six director nominees elected with majority support; John F. Barr received 4,118,907 for votes.
- Advisory vote on 2022 named executive officer compensation approved: 4,105,453 for, 253,272 against.
- Ratification of Crowe LLP as independent auditor for FY2023 passed: 5,358,535 for, 7,711 against.
- Broker non-votes of 996,273 recorded for director election and say-on-pay proposals.

## SEC filing metadata
- accession: 0001104659-23-060775
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763907/000110465923060775/0001104659-23-060775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465923060775/tm2315808d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-060775
- JSON: https://secwatch.observer/filing/0001104659-23-060775.json
- Plain text: https://secwatch.observer/filing/0001104659-23-060775.txt

## Key facts
- Shareholder Votes
  FIRST UNITED CORP/MD/ shareholders approved Adoption of a non-binding advisory resolution approving the compensation paid to the Corporation’s named executive officers for 2022 at the 2023-05-11 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/763907/000110465923060775/0001104659-23-060775-index.htm
- Shareholder Votes
  FIRST UNITED CORP/MD/ shareholders approved Election of six nominees to serve on the Board of Directors until the 2024 annual meeting at the 2023-05-11 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/763907/000110465923060775/0001104659-23-060775-index.htm
- Shareholder Votes
  FIRST UNITED CORP/MD/ shareholders approved Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-11 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/763907/000110465923060775/0001104659-23-060775-index.htm

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