FIRST UNITED CORP/MD/ — fact timeline

Jason B. Rush was appointed as Chairman of the Board at FIRST UNITED CORP/MD/.

“On May 27, 2026, the Board of Directors (the “Board”) of First United Corporation (the “Corporation”) appointed Jason B. Rush, age 55, to serve as the Chairman of the Board.”

Jason B. Rush was elected as Director at FIRST UNITED CORP/MD/.

“Mr. Rush was elected to the Board by the Corporation’s shareholders at the 2026 annual meeting of shareholders held on May 7, 2026.”

FIRST UNITED CORP/MD/ shareholders approved Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-07 meeting.

“Proposal 5 – Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2026: For Against Abstain Broker Non-Votes 4,856,599 29,561 10,408 0”

FIRST UNITED CORP/MD/ shareholders approved Recommendation, by non-binding advisory vote, of the frequency of future Say-on-Pay Votes at the 2026-05-07 meeting.

“Proposal 4 – Recommendation, by non-binding advisory vote, of the frequency of future Say-on-Pay Votes: Every 1 year Every 2 Years Every 3 Years Abstain Broker Non-Votes 4,856,599 29,561 10,408 0 0”

FIRST UNITED CORP/MD/ shareholders approved Approval, by non-binding advisory vote, of the compensation paid to the Corporation’s named executive officers for 2025 at the 2026-05-07 meeting.

“Proposal 3 – Approval, by non-binding advisory vote, of the compensation paid to the Corporation’s named executive officers for 2025: For Against Abstain Broker Non-Votes 3,441,697 202,059 108,887 1,143,925”

FIRST UNITED CORP/MD/ shareholders approved Approval of an amendment to the Corporation’s charter to reduce the votes required to approve certain shareholder actions at the 2026-05-07 meeting.

“Proposal 2 - Approval of an amendment to the Corporation’s charter to reduce the votes required to approve certain shareholder actions : For Against Abstain Broker Non-Votes 3,441,697 202,059 108,887 1,143,925”

FIRST UNITED CORP/MD/ shareholders approved Election of 10 directors to serve on the Corporation’s Board of Directors at the 2026-05-07 meeting.

“Proposal 1 – Election of 10 directors to serve on the Corporation’s Board of Directors, each until the 2027 annual meeting of shareholders and until his or her successor is duly elected and qualifies. For Withheld Abstain Broker Non-Votes John F. Barr 3,548,659 11,173 192,768 1,143,925 Brian R. Boal 3,520,585 35,681 196,377 1,143,925 Sanu B. Chadha 3,524,235 1,094 225,689 1,143,925 Christy M. DiPietro 3,494,760 59,049 198,792 1,143,925 Kevin R. Hessler 3,558,586 1,027 193,030 1,143,925 Patricia A. Milon 3,533,160 27,686 191,797 1,143,925 Beth E. Moran 3,554,988 5,745 191,868 1,143,925 I. Robert Rudy 3,507,661 37,165 207,817 1,143,925 Jason B. Rush 3,508,043 24,040 220,560 1,143,925 H. Andrew Walls, III 3,532,432 27,139 193,030 1,143,925”

FIRST UNITED CORP/MD/ reported the three-month period ended March 31, 2026 results: net income $6.7 million, EPS $1.03 per diluted share.

“Bank & Trust (the “Bank”), today announced financial results for the three-month period ended March 31, 2026. Generally Accepted Accounting Principles (“GAAP”) net income was $6.7 million for the first quarter of 2026, or $1.03 per diluted share, compared to $5.8 million, or $0.89 per diluted share, for the first quarter of 2025 and $5.8 million, or $0.89 per”

FIRST UNITED CORP/MD/: Amended Sections 2 and 3 of Article III of the Bylaws to allow the Board to designate someone other than the Chairman as chief executive officer, including the President (effective 2025-11-12).

“On November 12, 2025, the Board amended Sections 2 and 3 of Article III of the Bylaws of the Corporation, as restated on September 25, 2025 (the “Bylaws”), to provide that the Board may designate someone other than the Chairman of the Board as the chief executive officer of the Corporation, including the President of the Corporation (the “Amendment”).”

Marisa Shockley departed as Director at FIRST UNITED CORP/MD/.

“On November 20, 2024, Marisa Shockley notified the Board of Directors (the “Board”) of First United Corporation (the “Corporation”) that, effective December 1, 2024, she will retire from the Board and from the Board of Directors of First United Bank & Trust (the “Bank Board”).”

FIRST UNITED CORP/MD/ shareholders approved Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-05-09 meeting.

“Proposal 4 – Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2024: For Against Abstain Broker Non-Votes 5,044,211 25,510 14,126 0”

FIRST UNITED CORP/MD/ shareholders approved Adoption of advisory resolution approving the compensation paid to the Corporation’s named executive officers for 2023 at the 2024-05-09 meeting.

“Proposal 3 – Adoption of advisory resolution approving the compensation paid to the Corporation’s named executive officers for 2023: For Against Abstain Broker Non-Votes 3,491,322 234,313 90,975 1,267,237”

FIRST UNITED CORP/MD/ shareholders approved Reduce the votes required to approve certain shareholder actions, from two-thirds of all votes entitled to be cast on the matter to a majority of all votes entitled to be cast on the matter at the 2024-05-09 meeting.

“Proposal 2 – Reduce the votes required to approve certain shareholder actions, from two-thirds of all votes entitled to be cast on the matter to a majority of all votes entitled to be cast on the matter. For Against Abstain Broker Non-Votes 3,532,785 208,333 75,492 1,267,237”

FIRST UNITED CORP/MD/ shareholders approved Election of 11 directors to serve on the Board until the 2025 annual meeting at the 2024-05-09 meeting.

“Proposal 1 – Election of 11 directors to serve on the Corporation’s Board of Directors (the “Board”), each until the 2025 annual meeting of shareholders and until his or her successor is duly elected and qualified. For Withheld Abstain Broker Non-Votes John F. Barr 3,598,824 188,867 28,919 1,267,237”

FIRST UNITED CORP/MD/ reported the three-month period ended March 31, 2024 results: net income $3.7 million, EPS $0.56 per diluted share.

“Consolidated net income was $3.7 million for the first quarter of 2024, or $0.56 per diluted share”

FIRST UNITED CORP/MD/ reported three- and twelve-month periods ended December 31, 2023 results: net income consolidated net income was $15.1 million, EPS $2.25 per basic share and $2.24 per diluted share.

“On February 5, 2024, First United Corporation (the "Corporation") issued a press release describing its financial results for the three- and twelve-month periods ended December 31, 2023.”

FIRST UNITED CORP/MD/: Increased mandatory director retirement age to 75 (effective 2023-12-20).

“the Board of Directors of First United Corporation (the “Corporation”) amended the Corporation’s Bylaws, as amended and restated on November 17, 2021, to increase the mandatory director retirement age to 75 years of age.”

FIRST UNITED CORP/MD/ reported three- and nine-month periods ended September 30, 2023 results: net income $4.5 million, EPS $0.67 per share (basic and diluted).

“On October 23, 2023, First United Corporation (the “Corporation”) issued a press release describing its financial results for the three- and nine-month periods ended September 30, 2023.”

Kevin R. Hessler was elected as director at FIRST UNITED CORP/MD/.

“On September 27, 2023, following a recommendation by its Nominating and Governance Committee, the Board of Directors (the “Company Board”) of First United Corporation (the “Company”) elected Kevin R. Hessler to serve as a director until the 2024 annual meeting of shareholders and until his successor is duly elected and qualifies.”

FIRST UNITED CORP/MD/ reported financial results for three- and six-month periods ended June 30, 2023.

“On July 24, 2023, First United Corporation (the “Corporation”) issued a press release describing its financial results for the three- and six-month periods ended June 30, 2023.”

FIRST UNITED CORP/MD/ shareholders approved Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-11 meeting.

“Proposal 3 – Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2023: For Against Abstain Broker Non-Votes 5,358,535 7,711 28,799 0”

FIRST UNITED CORP/MD/ shareholders approved Adoption of a non-binding advisory resolution approving the compensation paid to the Corporation’s named executive officers for 2022 at the 2023-05-11 meeting.

“Proposal 2 – Adoption of a non-binding advisory resolution approving the compensation paid to the Corporation’s named executive officers for 2022: For Against Abstain Broker Non-Votes 4,105,453 253,272 40,047 996,273”

FIRST UNITED CORP/MD/ shareholders approved Election of six nominees to serve on the Board of Directors until the 2024 annual meeting at the 2023-05-11 meeting.

“Proposal 1 – Election of six nominees to serve on the Corporation’s Board of Directors, each until the 2024 annual meeting of shareholders and until his or her successor is duly elected and qualifies. For Withheld Abstain Broker Non-Votes John F. Barr 4,118,907 259,386 20,478 996,273 Brian R. Boal 4,050,947 328,787 19,037 996,273 Beth E. Moran 4,101,859 229,153 67,759 996,273 I. Robert Rudy 4,101,217 276,351 21,203 996,273 Marisa A. Shockley 4,038,361 328,519 31,891 996,273 H. Andrew Walls, III 4,133,456 232,230 33,085 996,273”

FIRST UNITED CORP/MD/ reported the three-month period ended March 31, 2023 results: net income $4.4 million, EPS $0.65 per diluted share.

“Consolidated net income was $4.4 million for the first quarter of 2023, or $0.65 per diluted share, compared to $5.7 million, or $0.86 per diluted share, for the first quarter of 2022 and $7.0 million, or $1.04 per diluted share, for the fourth quarter of 2022.”

FIRST UNITED CORP/MD/ reported financial results for the three- and twelve-month periods ended December 31, 2022.

“On February 9, 2023, First United Corporation issued a press release describing its financial results for the three- and 12-month periods ended December 31, 2022.”

Beth E. Moran was appointed as director at FIRST UNITED CORP/MD/.

“On December 5, 2022, Beth E. Moran accepted an offer from the Board of Directors (the “Company Board”) of First United Corporation (the “Company”) to serve as a director of the Company commencing on January 1, 2023.”