---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-096408"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2024-09-03T23:59:59+00:00"
generated_at: "2026-05-31T06:43:01.141290+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First United Corp adopts share repurchase program for up to 600,000 shares (9.3% of outstanding)

## Summary
- Board adopted stock repurchase program effective Aug 30, 2024; authorizes up to 600,000 shares.
- Represents 9.3% of issued and outstanding common stock as of that date.
- Program runs for 18 months; purchases discretionary and may be made in open market or privately.
- Chairman/President/CEO has discretion over timing, pricing, and amounts; subject to securities laws and blackout policy.
- Company may purchase no shares; actual purchases depend on opportunities, prices, volumes, and capital needs.

## SEC filing metadata
- accession: 0001104659-24-096408
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2024-09-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763907/000110465924096408/0001104659-24-096408-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465924096408/tm2423284d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-096408
- JSON: https://secwatch.observer/filing/0001104659-24-096408.json
- Plain text: https://secwatch.observer/filing/0001104659-24-096408.txt

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