---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-111986"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T20:01:28.695066+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-111986
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763907/000110465925111986/0001104659-25-111986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465925111986/tm2531024d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-111986
- JSON: https://secwatch.observer/filing/0001104659-25-111986.json
- Plain text: https://secwatch.observer/filing/0001104659-25-111986.txt

## Key facts
- Governance Changes
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/763907/000110465925111986/0001104659-25-111986-index.htm

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