On March 20, 2020, First Mid Bancshares, Inc. announced that Gary W. Melvin 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 29, 2020. The board of directors' mandatory retirement policy permits directors to serve for the full term in which they reach age 70. Mr. Melvin reached age 70 during his term expiring at the annual meeting. Mr. Melvin will retire from the board of directors and the committees on which he serves, namely the audit committee and the compensation committee, effective April 29, 2020.