First United Corporation (NASDAQ:FUNC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
|
Submission of Matters to a Vote of Security Holders. |
| (a) | and (b) Voting Results. |
At the 2017 annual meeting of shareholders of First United
Corporation (the Corporation) held on May 18, 2017, the
shareholders voted on: (i) the election of four director nominees
to serve until the 2020 annual meeting of shareholders or until
their successors are duly elected and qualified (Proposal 1);
(ii) the adoption of a non-binding advisory resolution approving
the compensation paid to the Corporations named executive
officers for 2016 (Proposal 2); and (iii) the ratification of the
appointment of Baker Tilly Virchow Krause LLP as the Corporations
independent registered public accounting firm for 2017 (Proposal
3). These matters were submitted to a vote through the
solicitation of proxies. The results of the votes are set forth
below.
Proposal 1 Election of Directors:
| For | Withheld | Abstain | Broker Non-Votes | |
| John F. Barr | 2,816,092 | 596,946 | 1,187,151 | |
| Brian R. Boal | 3,232,614 | 180,424 | 1,187,151 | |
| John W. McCullough | 3,229,888 | 183,150 | 1,187,151 | |
| Marisa A. Shockley | 3,192,630 | 220,408 | 1,187,151 |
Proposal 2 Adoption of a non-binding advisory resolution
approving the compensation paid to the Corporations named
executive officers:
| For | Against | Abstain | Broker Non-Votes |
| 3,071,795 | 278,105 | 63,138 | 1,187,151 |
Proposal 3 Ratification of the Appointment of Baker Tilly Virchow
Krause, LLP:
| For | Against | Abstain | Broker Non-Votes |
| 4,537,863 | 27,159 | 35,168 |
About First United Corporation (NASDAQ:FUNC)
First United Corporation is a bank holding company. The Company’s primary business is serving as the parent company of First United Bank & Trust (the Bank), First United Statutory Trust I, First United Statutory Trust II and First United Statutory Trust III. It operates through community banking segment. The Bank is an independent community bank providing a range of retail and commercial banking services to businesses and individuals in its market areas. The Bank offers a range of services, such as checking, savings, money market deposit accounts, and certificates of deposit, business loans, personal loans, mortgage loans, lines of credit, and consumer-oriented retirement accounts including individual retirement accounts (IRAs) and employee benefit accounts. In addition, the Bank provides full brokerage services. The Bank also provides safe deposit and night depository facilities, insurance products and trust services. First United Corporation (NASDAQ:FUNC) Recent Trading Information
First United Corporation (NASDAQ:FUNC) closed its last trading session down -0.05 at 14.40 with 3,544 shares trading hands.
