{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-026453","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2026-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.660874+00:00","generated_at":"2026-05-15T15:17:52.032816+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"First United boosts CEO Rush's change-in-control severance to 2.99x from 2.0x","bullets":["CEO Jason B. Rush's severance multiplier increased from 2.0x to 2.99x Final Pay under amended agreement.","Agreement automatically renews for one-year terms unless company provides 6 months' advance notice.","Other severance benefits unchanged: equity vesting, welfare benefit continuation, outplacement services.","Benefits subject to excise tax reduction under Section 280G and require signed release within 60 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-026453","json":"https://secwatch.observer/filing/0001104659-26-026453.json","markdown":"https://secwatch.observer/filing/0001104659-26-026453.md","text":"https://secwatch.observer/filing/0001104659-26-026453.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465926026453/0001104659-26-026453-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465926026453/tm268593d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T15:17:52.032816+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}