---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-000130"
form_type: "8-K"
ticker: "FMBH"
cik: "0000700565"
company_name: "FIRST MID BANCSHARES, INC."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:41:46.497837+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# First Mid Bancshares approves employment agreements for Taylor ($340k base) and Smith ($280k base)

## Summary
- Michael L. Taylor (Sr EVP) gets base salary $340k, $800/mo auto allowance, country club membership, 4 weeks vacation.
- Matthew K. Smith (EVP) gets base salary $280k plus participation in incentive, LTIP, and deferred comp plans.
- Both agreements are one-year renewable terms with severance (12 months base pay without cause; 24 months after change in control).
- Agreements include 50-mile non-compete and 12-month non-solicitation covenants.

## SEC filing metadata
- accession: 0001171843-24-000130
- form_type: 8-K
- ticker: FMBH
- cik: 0000700565
- company_name: FIRST MID BANCSHARES, INC.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/700565/000117184324000130/0001171843-24-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700565/000117184324000130/f8k_010824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000130
- JSON: https://secwatch.observer/filing/0001171843-24-000130.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000130.txt

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