On March 15, 2023, First Mid Bancshares, Inc. disclosed in its Proxy Statement filed with the Securities and Exchange Commission that Steven Grissom was not re-nominated to the Company's board of directors because he had reached the mandatory retirement age of 70 and would be retiring from the Company's board of directors at the annual meeting on April 26, 2023. The board of directors' mandatory retirement policy permits directors to serve for the full term in which they reach age 70. Mr. Grissom reached age 70 during his term expiring at the annual meeting.

Mr. Grissom will retire from the board of directors and the committees on which he serves, namely the audit committee, compensation committee, and nominating & governance committee effective April 26, 2023.