First Busey director Bradshaw retires from boards
First Busey Corporation reported that director Stanley J. Bradshaw retired from the boards of the company and its wholly owned subsidiary Busey Bank, effective immediately on July 29, 2026.
Rhea-AI Filing Summary
First Busey Corporation reported that director Stanley J. Bradshaw retired from the boards of the company and its wholly owned subsidiary Busey Bank, effective immediately on July 29, 2026. The company stated that his decision to retire was not due to any disagreement with the boards or management.
Following his retirement, the board of First Busey Corporation reduced its size to 11 directors. This governance change does not alter the company’s existing listed securities, including its common stock and depositary shares representing interests in its 8.25% Fixed-Rate Series B Non-Cumulative Perpetual Preferred Stock.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Board size after retirement: 11 directors
Series B preferred dividend rate: 8.25%
Depositary share interest: 1/40th interest
+1 more
4 metrics
Board size after retirement
11 directors
Number of directors constituting the Board after Stanley J. Bradshaw’s retirement
Series B preferred dividend rate
8.25%
Fixed rate on the Series B Non-Cumulative Perpetual Preferred Stock represented by depositary shares
Depositary share interest
1/40th interest
Each depositary share represents a 1/40th interest in a share of Series B preferred stock
Par value per share
$0.001
Par value of the company’s common stock and Series B preferred stock
Key Terms
Non-Cumulative Perpetual Preferred Stock, Depositary Shares, soliciting material, pre-commencement communications
4 terms
Non-Cumulative Perpetual Preferred Stock financial
"8.25% Fixed-Rate Series B Non-Cumulative Perpetual Preferred Stock , $0.001 par value"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
soliciting material regulatory
"Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)"
pre-commencement communications regulatory
"Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What board change did First Busey (BUSE) disclose for July 29, 2026?
First Busey disclosed that director Stanley J. Bradshaw retired from the boards of the company and Busey Bank effective July 29, 2026. Following his retirement, the board size was reduced to 11 directors, reflecting a change only in board composition.
Did Stanley J. Bradshaw’s retirement from First Busey (BUSE) involve any disagreement?
The company stated that Mr. Bradshaw’s retirement was not due to any disagreement with the board or management of First Busey or Busey Bank. This indicates an orderly transition rather than a departure driven by governance or strategic disputes.
How many directors does First Busey (BUSE) have after Bradshaw’s retirement?
After Mr. Bradshaw’s retirement, the board of First Busey Corporation consists of 11 directors. The board explicitly resolved to reduce the number of directors to 11, aligning the board size with the remaining serving members following his departure.
Which subsidiary board did Stanley J. Bradshaw leave at First Busey (BUSE)?
Mr. Bradshaw retired from the boards of both First Busey Corporation and its wholly owned banking subsidiary, Busey Bank. His retirement was effective immediately on July 29, 2026, covering directorships at the holding company and the bank level.
What securities of First Busey (BUSE) are listed on Nasdaq?
First Busey lists its Common Stock, $0.001 par value (symbol BUSE), and Depositary Shares (symbol BUSEP) on The Nasdaq Stock Market. Each depositary share represents a 1/40th interest in a share of 8.25% Fixed-Rate Series B Non-Cumulative Perpetual Preferred Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 29, 2026
__________________________________________
(Exact name of Registrant as specified in its charter)
__________________________________________
| (State of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | ||||||||
| (Registrant’s telephone number, including area code) | ||||||||
| N/A | ||||||||
| (Former name or former address, if changed since last report.) | ||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 29, 2026, Stanley J. Bradshaw provided notice of his retirement from the board of directors (the “Board”) of First Busey Corporation (the “Company”) and the board of directors of the Company’s wholly owned subsidiary, Busey Bank (the “Bank”), effective immediately. The decision by Mr. Bradshaw to retire was not a result of any disagreement with the Board or the management of the Company or the Bank. Effective as of Mr. Bradshaw’s retirement, the Board reduced the number of directors constituting the Board to 11 directors.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
FIRST BUSEY CORPORATION | |||||||||||||||||
| Date: | July 31, 2026 | By: | /s/ CHRISTOPHER H.M. CHAN | ||||||||||||||
| Christopher H.M. Chan | |||||||||||||||||
| Chief Financial Officer | |||||||||||||||||