Business
First United Announces Preliminary Results From Its 2020 Annual Meeting
Based on Preliminary Vote Count, Shareholders Re-Elected All Four of the Company's Nominees - John W. McCullough, John F. Barr, Brian R. Boal, and Marisa A.
About this update from First
[{"type":"text","content":"Based on Preliminary Vote Count, Shareholders Re-Elected All Four of the Company's Nominees - John W. McCullough, John F. Barr, Brian R. Boal, and Marisa A. Shockley\n\n\nOAKLAND, Md., June 11, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) (\"First United\" or the \"Company\"), a bank holding company and the parent company of First United Bank & Trust (the \"Bank\"), today announced that based on the preliminary vote count at the Company's 2020 Annual Meeting reviewed by its proxy solicitor, all of its director candidates, John W. McCullough, John F. Barr, Brian R. Boal, and Marisa A. Shockley, have been elected to the Company's Board of Directors (the \"Board\"). \nCarissa Rodeheaver, First United's CEO, President and Chairman of the Board, commented, \"We appreciate our shareholders' support at this year's Annual Meeting and their recognition of the strength of our Board. As we have consistently stated, we have a highly-qualified, independent Board that is deeply aligned with the best interests of shareholders. First United has a history of engaging constructively with its shareholders and we are fortunate to have received valuable feedback from them, particularly in the months leading up to the Annual Meeting. We will continue to welcome and implement this feedback as we execute our board and corporate governance refreshment initiatives, as well as our plan to maximize long-term value. We will also continue to support our customers and communities through these unprecedented times.\"\nAccording to the preliminary voting results, shareholders approved all other proposals put forth by the Company at the 2020 Annual Meeting, including the approval on an advisory basis of the compensation paid to First United's named executive officers in 2019, and the ratification on an advisory basis of the appointment of our registered public accounting firm for 2020.\nShareholder ContactMorrow Sodali LLCMike Verrechia/Bill Dooley(800) [email protected] \nMedia ContactProsek PartnersBrian Schaffer / Josh Clarkson / Kristen Duarte(646) 818-9229 / (646) 818-9259 / (646) 818-9074 [email protected] / [email protected] / [email protected]\nABOUT FIRST UNITED CORPORATION\nFirst United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers, a...