secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001104659-23-093709
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First United authorizes repurchase of up to 825,000 shares (5% of common stock)
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- Board approved a 12-month stock repurchase program on August 21, 2023 for up to 825,000 shares (5.0% of outstanding).
- Purchases may occur in open market or privately-negotiated transactions at management's discretion.
- Repurchases subject to securities laws, Rule 10b-18, and company blackout policy; no obligation to buy any shares.
- Program effective immediately; any purchases will be disclosed in periodic SEC filings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465923093709/0001104659-23-093709-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465923093709/tm2324203d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-093709

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer