First United Corp 8-K, filed Feb 2, 2026
First United Corp/Md/ (FUNC)
About this 8-K
First United Corp filed this 8-K on February 2, 2026, reporting on events of January 28, 2026.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| 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 January 28, 2026, the Boards of Directors of First United Corporation (the “Corporation”) and First United Bank & Trust (the “Bank”) appointed Anthony “AJ” Tasker to serve as their Senior Vice President and Chief Operating Officer (“COO”).
From September 2024 until his appointment as COO, Mr. Tasker served as the Managing Director of Operations of the Bank. Prior to that, between June 2023 and August 2024, he served as the Managing Director of Information Technology of the Bank; between May 2018 and June 2023, he served as the Director of Information Technology of the Bank; between September 2015 and May 2018, he served as the Information Technology Manger of the Bank; between April 2014 and August 2015, he served the Assistant Information Technology Manager of the Bank; between February 2011 and March 2014, he served as the Network and Server Administrator of the Bank; and between November 2008 and January 2011, he served as the Wide Area Network Administrator of the Bank.
Currently, Mr. Tasker is entitled to an annual base salary of $175,100 and an incentive bonus opportunity of 10% of his base salary, based on meeting performance goals relating to the Bank’s return on assets (30% of the bonus weighting), the Bank’s efficiency ratio (50% of the bonus weighting), and the Bank’s loan delinquencies (20% of the bonus weighting), of which 50% is to be paid in cash and 50% is to be paid in shares of common stock of the Corporation. Any changes to Mr. Tasker’s compensatory arrangements will be disclosed if and as required by Item 5.02(c) and/or (e) of Form 8-K and the rules promulgated under the Securities Exchange Act of 1934, as amended.
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. Tasker 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 |
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: February 2, 2026 | By: | /s/ Tonya K. Sturm |
| Name: | Tonya K. Sturm | |
| Title: | Executive Vice President and CFO | |