secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001104659-24-096408
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465924096408/0001104659-24-096408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465924096408/tm2423284d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-096408

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