First United CEO Carissa Rodeheaver to retire May 2026; Jason Rush named successor

FIRST UNITED CORP/MD/

CEO Carissa Rodeheaver to retire at 2026 annual meeting (May 7); will serve as Executive Chairman from Jan 1.
Jason B. Rush, current COO, named President & CEO effective Jan 1, 2026; also to join Board.
Board amended bylaws to permit CEO role to be held by someone other than Chairman.
Under Rodeheaver (CEO since 2016), First United achieved record financials, dividend growth, and stock price increase.
Board plans to expand to 11 directors then reduce to 10 after Rodeheaver's board retirement.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FIRST UNITED CORP/MD/: Amended Sections 2 and 3 of Article III of the Bylaws to allow the Board to designate someone other than the Chairman as chief executive officer, including the President (effective 2025-11-12).

Change: bylaw amendment
Effective: 2025-11-12

Exact text from the filing

On November 12, 2025, the Board amended Sections 2 and 3 of Article III of the Bylaws of the Corporation, as restated on September 25, 2025 (the “Bylaws”), to provide that the Board may designate someone other than the Chairman of the Board as the chief executive officer of the Corporation, including the President of the Corporation (the “Amendment”).

View on SEC.gov

241 governance changes filed in the last 30 days. Browse all governance changes →

FIRST UNITED CORP/MD/ filing history →

Source: SEC EDGAR

accession 0001104659-25-111986

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.