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Jason Rush becomes board chair at First United (NASDAQ: FUNC)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

First United Corporation reported a leadership change on May 27, 2026. Its Board of Directors appointed Jason B. Rush, age 55, to serve as Chairman of the Board. He was recently elected as a director at the 2026 annual meeting held on May 7, 2026.

Rush already serves as the company’s President and Chief Executive Officer, roles he assumed effective January 1, 2026, after a long career at First United dating back to 1993. The company notes there have been no related-party transactions with him requiring disclosure under Item 404(a) of Regulation S-K.

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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.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Chairman of the Board financial
"appointed Jason B. Rush, age 55, to serve as the Chairman of the Board."
Chairman of the board is the person who leads a company’s board of directors, setting meeting agendas, guiding discussions and ensuring the board supervises management’s strategy and risk decisions. Investors care because the chair’s leadership and style influence how well shareholder interests are protected, how quickly strategic choices are made, and the company’s overall accountability—like a team captain shaping group performance.
President and Chief Executive Officer financial
"Mr. Rush also serves as the Corporation’s President and Chief Executive Officer, positions to which he was appointed effective January 1, 2026."
definitive proxy statement regulatory
"discussed in the section of the Corporation’s definitive proxy statement on Schedule 14A for the 2026 annual meeting of shareholders"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
Item 404(a) of Regulation S-K regulatory
"no transaction with Mr. Rush or any of his affiliates for which disclosure would be required pursuant to Item 404(a) of Regulation S-K"
emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company"
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.
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UNITED STATES

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): May 27, 2026

 

First United Corporation

(Exact name of registrant as specified in its charter)

 

Maryland   0-14237   52-1380770
(State or other jurisdiction of   (Commission file number)   (IRS Employer
incorporation or organization)       Identification No.)

 

19 South Second Street, Oakland, Maryland 21550

(Address of principal executive offices) (Zip Code)

 

(301) 334-9471

(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 obligations 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 Symbols Name of each exchange on which registered
Common Stock FUNC Nasdaq Stock Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ¨

 

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. ¨

 

 

 

 

 

 

INFORMATION TO BE INCLUDED IN THE REPORT

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(c)       Appointment of Officer.

 

On May 27, 2026, the Board of Directors (the “Board”) of First United Corporation (the “Corporation”) appointed Jason B. Rush, age 55, to serve as the Chairman of the Board. Mr. Rush was elected to the Board by the Corporation’s shareholders at the 2026 annual meeting of shareholders held on May 7, 2026. Mr. Rush also serves as the Corporation’s President and Chief Executive Officer, positions to which he was appointed effective January 1, 2026.

 

Between January 2017 and December 31, 2025, Mr. Rush served as Senior Vice President and Chief Operating Officer of the Corporation and the Bank. Prior to that service, he was Senior Vice President and Chief Risk Officer and Director of Operations and Support from 2006 to 2017. Mr. Rush has been employed by the First United organization since October 1993, including as Vice President, Director of Operations & Support since March 2006, Vice President and Regional Manager/Community Office Manager from January 2005 to February 2006, Vice President and Community Office Manager/Manager of Cash Management from May 2004 to December 2004, Assistant Vice President and Community Office Manager from April 2001 to April 2004, Community Office Manager from August 1998 to April 2001, Customer Service Officer from March 1997 to July 1998, Assistant Compliance Officer from July 1995 to February 1997, and Management Trainee from October 1993 to July 1995.

 

Mr. Rush’s compensatory arrangements are discussed in the section of the Corporation’s definitive proxy statement on Schedule 14A for the 2026 annual meeting of shareholders, filed with the Securities and Exchange Commission on March 26, 2025, under the heading, “EXECUTIVE COMPENSTION”, the portions of which that relate solely to Mr. Rush are incorporated herein by reference.

 

Since the beginning of the Corporation’s fiscal year ended December 31, 2024, neither the Corporation nor any of its subsidiaries has engaged in any transaction with Mr. Rush or any of his affiliates for which disclosure would be required pursuant to Item 404(a) of Regulation S-K, and no such transaction is currently proposed for the remainder of the fiscal year ending December 31, 2026.

 

Item 9.01.Financial Statements and Exhibits.

 

(d)       Exhibits.

 

The exhibits filed or furnished with this report are listed in the following Exhibit Index:

 

Exhibit No.   Description
     

104

  

Cover page interactive data file (embedded within the iXBRL document)

 

 

 

 

SIGNATURES

 

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 hereunto duly authorized.

 

  FIRST UNITED CORPORATION
       
Dated:  May 28, 2026 By: /s/ Tonya K. Sturm
      Tonya K. Sturm
      Executive Vice President & CFO

 

Source: View Original Filing on SEC EDGAR

FAQ

What leadership change did First United Corporation (FUNC) announce?

First United Corporation appointed Jason B. Rush as Chairman of the Board. The Board acted on May 27, 2026, elevating Rush, who already serves as President and Chief Executive Officer, to also lead the Board of Directors.

Who is Jason B. Rush at First United Corporation (FUNC)?

Jason B. Rush is the Chairman, President and Chief Executive Officer of First United. He became President and CEO effective January 1, 2026, and was appointed Chairman of the Board on May 27, 2026, after decades with the organization.

When was Jason B. Rush elected to First United’s Board of Directors?

Shareholders elected Jason B. Rush to the Board on May 7, 2026. His election occurred at the 2026 annual meeting of shareholders, shortly before the Board appointed him Chairman later in May 2026.

Where can investors find details on Jason B. Rush’s compensation at First United (FUNC)?

Rush’s compensation is described in First United’s 2026 proxy statement. The company incorporates by reference sections under “EXECUTIVE COMPENSTION” in its definitive proxy on Schedule 14A, filed March 26, 2025, covering arrangements specific to him.

Filing Exhibits & Attachments

3 documents

Other Documents