secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MID BANCSHARES, INC. (FMBH)
CIK:        0000700565
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001171843-26-002841
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 names Matt Smith CEO; Joe Dively becomes Executive Chairman effective July 1, 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700565/000117184326002841/0001171843-26-002841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700565/000117184326002841/f8k_042926.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-002841

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