First Mid names Matt Smith CEO; Joe Dively becomes Executive Chairman effective July 1, 2026

FIRST MID BANCSHARES, INC.

Matthew K. Smith, currently President, becomes CEO and President of First Mid and its bank subsidiary effective July 1, 2026.
Joseph R. Dively transitions from CEO to Executive Chairman, retaining Board chair and M&A oversight.
Smith's employment agreement includes $425,000 base salary, participation in Incentive Compensation, Long-Term Incentive, and Deferred Compensation Plans.
Smith joined First Mid in 2016 as CFO, was named President in June 2025; under Dively, assets grew from ~$2.8B to $9.3B.
Smith will also join the Board and its Risk Committee effective July 1, 2026.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Matthew K. Smith

Chief Executive Officer and President

FMBH · FIRST MID BANCSHARES, INC.

Effective: 2026-07-01
Filed: April 29, 2026, 7:59 PM ET

Effective July 1, 2026, Matthew K. Smith will become Chief Executive Officer and President of the Company and its subsidiary, First Mid Bank & Trust, N.A., and will be appointed to the Company’s Board of Directors (the “Board”).

Role change

Joseph R. Dively

Executive Chair

FMBH · FIRST MID BANCSHARES, INC.

Effective: 2026-07-01
Successor: Matthew K. Smith
Filed: April 29, 2026, 7:59 PM ET

In connection with the succession plan, Joseph R. Dively will transition from Chief Executive Officer to Executive Chair of the Company and remain Chairman of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew K. Smith was appointed as Chief Executive Officer and President at FIRST MID BANCSHARES, INC..

Action: will become
Role: Chief Executive Officer and President

Exact text from the filing

Effective July 1, 2026, Matthew K. Smith will become Chief Executive Officer and President of the Company and its subsidiary, First Mid Bank & Trust, N.A., and will be appointed to the Company’s Board of Directors (the “Board”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph R. Dively changed role as Executive Chair at FIRST MID BANCSHARES, INC..

Action: will transition
Role: Executive Chair

Exact text from the filing

In connection with the succession plan, Joseph R. Dively will transition from Chief Executive Officer to Executive Chair of the Company and remain Chairman of the Board.

View on SEC.gov

FIRST MID BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0001171843-26-002841

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