secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001104659-25-111986
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465925111986/0001104659-25-111986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465925111986/tm2531024d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-111986

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