On September 25, 2020, First Mid Bancshares, Inc. and Eval Sub Inc. and entered into an Agreement and Plan of Merger with LINCO Bancshares, Inc. and the sellers as defined therein (collectively, the "Sellers"), pursuant to which, among other things, First Mid agreed to acquire 100% of the issued and outstanding shares of LINCO pursuant to a business combination whereby the MO Merger Sub would merge with and into LINCO, whereupon the separate corporate existence of the MO Merger Sub will cease and LINCO will continue as the surviving company and a wholly-owned subsidiary of First Mid. Pursuant to the Merger Agreement, First Mid agreed to take all appropriate action, subject to and in accordance with First Mid's bylaws, to appoint one individual, mutually agreeable to the parties to the Merger Agreement, from among the current members of the board of directors of LINCO to the board of directors of First Mid as of the effective time of the Merger. On February 19, 2021, with the agreement of LINCO and the Sellers, First Mid's board of directors adopted a resolution, effective as of the closing of the Merger, increasing the size of the board of directors from eight directors to nine directors and appointing J. Kyle McCurry, age 43, as a Class I Director of First Mid and a member of the Audit Committee and the Compensation Committee of the board of directors, with a term to expire at the 2023 annual meeting of First Mid's stockholders, or when his successor is duly elected and qualified, unless he shall earlier resign or be removed.  As a result, on February 22, 2021, when the Merger became effective, Mr. McCurry's appointment as a Class I Director of First Mid, and a member of the Audit Committee and Compensation Committee, became effective.