First United (FUNC) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting is scheduled for May 7, 2025, to vote on director elections, executive compensation, and auditor ratification.

• Shareholders of record as of February 28, 2025, are eligible to vote; 6,473,375 shares of common stock are outstanding.

• The Board recommends voting FOR all director nominees, executive compensation, and auditor ratification.

• Proxy materials, including the annual report, are available online and by mail.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of 10 directors, (2) non-binding advisory vote on 2024 executive compensation, (3) ratification of Crowe LLP as auditor for 2025.

• Shareholders may submit proposals for the 2026 meeting by December 1, 2025, and director nominations between November 8 and December 8, 2025.

• Proxy voting is available by mail, phone, or online; brokers require instructions to vote shares held in street name.

Board of directors and corporate governance

• The Board consists of 10 directors, with a majority classified as independent under Nasdaq rules.

• Board committees include Audit, Asset & Liability, Strategic Planning, Compensation, Nominating, and Risk & Compliance.

• Board refreshment and diversity are emphasized, with ongoing director education and committee rotation.

• The Chairman/CEO structure is supported by an Independent Lead Director for governance balance.