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First United Will Count Driver's Votes At Upcoming Annual Meeting
First United Reminds Shareholders of ISS' Support, Noting The Company's Strong Financial & Operational Performance Under CEO Carissa Rodeheaver's Leadership
About this update from First
[{"type":"text","content":"First United Reminds Shareholders of ISS' Support, Noting The Company's Strong Financial & Operational Performance Under CEO Carissa Rodeheaver's Leadership\n VOTE on the BLUE Proxy Card Today for First United's Highly Qualified Candidates: John W. McCullough; John F. Barr; Brian R. Boal; and Marisa A. Shockley\n First United Urges Shareholders to Revoke Votes on Driver's WHITE Card by Voting on First United's BLUE Card\n\n\nOAKLAND, Md., June 1, 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, today announced that, in response to a question from Driver Management Company LLC (\"Driver\") and its counsel, the Company will accept Driver's nominations of its three director candidates as valid when the polls are open and will tally the votes attributable to Driver's shares of stock that are present and submitted at the upcoming annual meeting of shareholders to be held on June 11, 2020 (the \"Annual Meeting\"). First United also announced that, due to ongoing disputes about whether Driver violated Maryland law and the repercussions of any violations, the declaratory action filed in the Circuit Court for Garrett County, Maryland, to resolve these disputes will proceed. Both Driver and First United will have a full and fair opportunity to be heard on the merits and First United will honor the final determination of the courts. \nFirst United's letter to Driver's counsel is included below. The complete correspondence between counsel for First United and Driver on this matter will be filed on a Form 8K with the Securities and Exchange Commission today.\nJune 1, 2020\nBY ELECTRONIC MAIL ONLYJason R. Scherr, Esq.Morgan Lewis1111 Pennsylvania Avenue, NWWashington, DC [email protected]\nRe: Driver Opportunity Partners – First United Corporation\nDear J.R.: \nThis letter responds to yours dated May 27, 2020.\nFirst United Corporation's (\"First United\" or the \"Company\") annual meeting will take place in less than two weeks, on June 11, 2020. To ensure that the meeting proceeds in an orderly and timely fashion, but while reserving First United's rights in all respects, First United will accept Driver Opportunity Partners I LP's and its related entities' (collectively, \"Driver\") nominations as valid ...