First Mid Bancshares, Inc.: amends registration rights agreement

What happened

• On Oct 16, 2026, First Mid Bancshares, Inc., EPL LINCO Trust, dated Dec 1, 2015 (the “Trust”), and PL Generations LLC entered into Amendment No. 2 to Registration Rights Agreement (the “Amendment”).
• The filing says the original Registration Rights Agreement was dated Feb 22, 2021, the related Form S-3 (File No. 333-254205) was declared effective on Aug 9, 2021, and the company previously agreed to keep that registration statement effective for 3 years and later extended effectiveness until Aug 7, 2027 by Amendment No. 1 dated Aug 7, 2024.

Key details

• The Amendment amends the definition of “Permitted Transferee” to include PL Generations.
• The Amendment provides that, effective upon and only to the extent of any transfer of Shares by the Trust to PL Generations in accordance with the Registration Rights Agreement, PL Generations will be bound by the Registration Rights Agreement with respect to such Shares and will thereafter be a “Holder” with respect to such Shares.
• The filing notes that J. Kyle McCurry was appointed to the boards of the company and First Mid Bank & Trust effective Feb 22, 2021, is affiliated with the Trust and PL Generations, and continues to serve as a director of both entities.

Why it may matter

• Item 1.01 was reported: entry into a material definitive agreement (Amendment No. 2 to the Registration Rights Agreement) that changes who may be treated as a permitted transferee and who will be bound as a holder under that agreement. The filing does not show why the insider traded or why the company acted.