secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MID BANCSHARES, INC. (FMBH)
CIK:        0000700565
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001171843-25-004216
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Mid promotes Smith to President and Read to CFO effective June 24, 2025
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- Matthew K. Smith, former CFO, becomes President; base salary $385,000.
- Jordan Read adds CFO duties to his CRO role; base salary $290,000.
- Joe Dively remains CEO and Chairman; Smith will lead all lines of business.
- Under Smith's tenure assets grew from $2.8B to $7.6B and revenue more than tripled.
- Employment agreements run through Dec 31, 2025 with auto-renewals and severance provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700565/000117184325004216/0001171843-25-004216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700565/000117184325004216/f8k_063025.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-004216

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