Shareholders of First Mid (NASDAQ: FMBH) back directors and pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
First Mid Bancshares, Inc. reported voting results from its 2026 Annual Meeting of Stockholders held on April 29, 2026. Stockholders present in person or by proxy represented 18,743,640 shares of common stock, or approximately 70.4% of eligible votes, satisfying quorum requirements.
Four directors were elected to three-year terms. J. Kyle McCurry received 17,277,089 votes for and 1,466,551 votes withheld, Alex J. Melvin received 17,126,515 for and 1,617,125 withheld, Paul L. Palmby received 17,902,690 for and 840,950 withheld, and Mary J. Westerhold received 16,690,195 for and 2,053,445 withheld.
On the advisory vote regarding executive compensation, stockholders cast 18,015,590 votes for the resolution, 497,646 votes against, and 230,404 abstentions, with no broker non-votes reported.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares represented: 18,743,640 shares
Participation rate: 70.4% of eligible votes
Votes for Paul L. Palmby: 17,902,690 votes for
+4 more
7 metrics
Shares represented
18,743,640 shares
Common stock present or by proxy at 2026 Annual Meeting
Participation rate
70.4% of eligible votes
Shares represented relative to total votes eligible to be cast
Votes for Paul L. Palmby
17,902,690 votes for
Director election at 2026 Annual Meeting
Votes for Mary J. Westerhold
16,690,195 votes for
Director election at 2026 Annual Meeting
Say-on-pay votes for
18,015,590 votes for
Advisory vote on executive compensation
Say-on-pay votes against
497,646 votes against
Advisory vote on executive compensation
Say-on-pay abstentions
230,404 abstentions
Advisory vote on executive compensation
Key Terms
broker non-votes, advisory vote, proxy, quorum, +1 more
5 terms
broker non-votes financial
"Votes For | Votes Withheld | Broker Non- Votes J. Kyle McCurry"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
advisory vote financial
"Proposal 2: Advisory Vote on Executive Compensation."
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
proxy financial
"there were present in person and by proxy holders 18,743,640 shares"
A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.
quorum financial
"constituting a majority and more than a quorum of the outstanding shares"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
emerging growth company regulatory
"Emerging growth company Securities registered pursuant to Section 12(b)"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
