---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-059959"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:26:07.913593+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# First United shareholders elect all director nominees, approve say-on-pay and auditor at 2024 annual meeting

## Summary
- All 11 director nominees elected with strong majority support (range 3.48M to 3.60M votes for).
- Proposal to reduce vote requirement from two-thirds to majority passed with 3,532,785 for vs 208,333 against.
- Advisory vote on executive compensation approved: 3,491,322 for, 234,313 against.
- Ratification of Crowe LLP as auditor for 2024 passed with 5,044,211 for, 25,510 against.

## SEC filing metadata
- accession: 0001104659-24-059959
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: other
- 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/763907/000110465924059959/0001104659-24-059959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465924059959/tm2414171d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059959
- JSON: https://secwatch.observer/filing/0001104659-24-059959.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059959.txt

## Key facts
- 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, 2024 at the 2024-05-09 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2024-05-09
  source text: Proposal 4 – Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2024: For Against Abstain Broker Non-Votes 5,044,211 25,510 14,126 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/763907/000110465924059959/0001104659-24-059959-index.htm
- Shareholder Votes
  FIRST UNITED CORP/MD/ shareholders approved Reduce the votes required to approve certain shareholder actions, from two-thirds of all votes entitled to be cast on the matter to a majority of all votes entitled to be cast on the matter at the 2024-05-09 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2024-05-09
  source text: Proposal 2 – Reduce the votes required to approve certain shareholder actions, from two-thirds of all votes entitled to be cast on the matter to a majority of all votes entitled to be cast on the matter. For Against Abstain Broker Non-Votes 3,532,785 208,333 75,492 1,267,237
  evidence_url: https://www.sec.gov/Archives/edgar/data/763907/000110465924059959/0001104659-24-059959-index.htm
- Shareholder Votes
  FIRST UNITED CORP/MD/ shareholders approved Election of 11 directors to serve on the Board until the 2025 annual meeting at the 2024-05-09 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2024-05-09
  source text: Proposal 1 – Election of 11 directors to serve on the Corporation’s Board of Directors (the “Board”), each until the 2025 annual meeting of shareholders and until his or her successor is duly elected and qualified. For Withheld Abstain Broker Non-Votes John F. Barr 3,598,824 188,867 28,919 1,267,237
  evidence_url: https://www.sec.gov/Archives/edgar/data/763907/000110465924059959/0001104659-24-059959-index.htm
- Shareholder Votes
  FIRST UNITED CORP/MD/ shareholders approved Adoption of advisory resolution approving the compensation paid to the Corporation’s named executive officers for 2023 at the 2024-05-09 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2024-05-09
  source text: Proposal 3 – Adoption of advisory resolution approving the compensation paid to the Corporation’s named executive officers for 2023: For Against Abstain Broker Non-Votes 3,491,322 234,313 90,975 1,267,237
  evidence_url: https://www.sec.gov/Archives/edgar/data/763907/000110465924059959/0001104659-24-059959-index.htm

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