secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MID BANCSHARES, INC. (FMBH)
CIK:        0000700565
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001171843-24-000130
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700565/000117184324000130/0001171843-24-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700565/000117184324000130/f8k_010824.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-000130

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