---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-128454"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2024-12-13T23:59:59+00:00"
generated_at: "2026-05-29T03:47:06.147893+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Busey supplements Merger proxy with financial analysis ranges after shareholder lawsuits

## Summary
- Two shareholder lawsuits filed in Kansas against CrossFirst board and Busey: Zalvin (Nov 26) and Bushansky (Nov 29); demand letters since Oct 24.
- Allegations: false/misleading registration statement (Exchange Act §14(a), §20(a)), breach of fiduciary duty; Busey and CrossFirst deny claims.
- Supplemental disclosures add low/high multiples: CrossFirst selected companies P/TBV 0.81x-2.64x; Busey P/TBV 0.92x-3.99x.
- Merger expected to be accretive to Busey's 2026 EPS by 16.2% and dilutive to tangible book value by 0.6% at assumed Mar 31, 2025 close.
- KBW disclosed receiving ~$750k fee from CrossFirst for prior 2022 acquisition, additional financial advisor compensation detail.

## SEC filing metadata
- accession: 0001104659-24-128454
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2024-12-13T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000110465924128454/0001104659-24-128454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000110465924128454/tm2430865d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-128454
- JSON: https://secwatch.observer/filing/0001104659-24-128454.json
- Plain text: https://secwatch.observer/filing/0001104659-24-128454.txt

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