11/01/2024 | Press release | Distributed by Public on 11/01/2024 10:23
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At a meeting of the Board of Directors of First Mid Bancshares, Inc (the "Company) on October 29, 2024, the Board of Directors appointed Mr. Paul L. Palmby to fill the vacancy on the Board of Directors. Mr. Palmby will join the Board of Directors effective November 19, 2024.
Mr. Palmby was appointed to serve until the expiration of the current Class I term in 2026, or until his successor is duly elected and qualified, unless he shall earlier resign or be removed. The Board of Directors has determined that Mr. Palmby will serve on the Audit Committee, Compensation Committee, Risk Committee and Nominating & Governance Committee of the Board of Directors. Mr. Palmby will be compensated for his service as a director under the Company's standard compensation program for non-employee directors.
There are no related party transactions involving Mr. Palmby that are reportable under Item 404(a) of Regulation S-K.