secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MID BANCSHARES, INC. (FMBH)
CIK:        0000700565
Form:       8-K
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0001171843-22-008281
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FMBH enters new employment pacts with CEO Dively ($520k base), Beesley ($198k), McRae ($290k)
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- New agreements effective Dec 31, 2022, initial term through Dec 31, 2023, auto-renew annually.
- CEO Joseph Dively: $520,000 base salary, 75% target incentive under Incentive Compensation Plan.
- Bradley Beesley (EVP Wealth Mgmt): $198,000 base; Eric McRae (EVP Lending): $290,000 base; all eligible for LTIP and Deferred Comp.
- Severance: 12 months base without cause pre-change-in-control; 24 months base plus prior year incentive post-change-in-control.
- Post-employment non-compete and non-solicit covenants extend 24 months within 100 miles of primary office.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700565/000117184322008281/0001171843-22-008281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700565/000117184322008281/f8k_123022.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-008281

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer