# EDGAR Filing Document

**Accession Number:** 0000700565
**File Stem:** 0000950170-25-091353
**Filing Date:** 2025-6
**Character Count:** 18464
**Document Hash:** 474419a461e9ffe4c24ce7a4dadab773
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-091353.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0000950170-25-091353

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**EFFECTIVENESS DATE**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST MID BANCSHARES, INC.
- **CENTRAL INDEX KEY:** 0000700565
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 371103704
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288420
- **FILM NUMBER:** 251089948

**BUSINESS ADDRESS:**
- **STREET 1:** 1515 CHARLESTON AVE
- **STREET 2:** PO BOX 499
- **CITY:** MATTOON
- **STATE:** IL
- **ZIP:** 61938
- **BUSINESS PHONE:** 2172347454

**MAIL ADDRESS:**
- **STREET 1:** 1515 CHARLESTON AVENUE
- **STREET 2:** PO BOX 499
- **CITY:** MATTOON
- **STATE:** IL
- **ZIP:** 61938

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST MID ILLINOIS BANCSHARES INC
- **DATE OF NAME CHANGE:** 20040326

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST-MID ILLINOIS BANCSHARES INC
- **DATE OF NAME CHANGE:** 19920703

As filed with the Securities and Exchange Commission on June 30, 2025 <br>   <u>Registration No. 333-</u>

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

 **Washington, D.C.20549**

**FORM S-8**

***Registration Statement***

***under***

***The Securities Act of 1933***

**FIRST MID BANCSHARES, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware**<br>(State or other jurisdiction of<br>incorporation or organization) |  | **37-1103704**<br>(I.R.S. employer<br>identification no.) |
| **1421 Charleston Avenue**<br>**Mattoon, Illinois 61938** <br>(Address of principal executive offices, including zip code) | **1421 Charleston Avenue**<br>**Mattoon, Illinois 61938** <br>(Address of principal executive offices, including zip code) | **1421 Charleston Avenue**<br>**Mattoon, Illinois 61938** <br>(Address of principal executive offices, including zip code) |
| **First Mid Bancshares, Inc. 2025 Stock Incentive Plan** <br>**(f/k/a First Mid Bancshares, Inc. 2017 Stock Incentive Plan)**<br>(Full title of the plan)<br>**Joseph R. Dively**<br>**Chairman, President and Chief Executive Officer**<br>**First Mid Bancshares, Inc.**<br>**1421 Charleston Avenue**<br>**Mattoon, Illinois 61938** <br>(Name and address of agent for service)<br>**(217) 234-7454**<br>(Telephone number, including area code, of agent for service)<br>**With a copy to:**<br>**Matthew Galo, Esq.**<br>**Johnathan C. Duncan, Esq.**<br>**ArentFox Schiff LLP**<br>**233 South Wacker Drive**<br>**Suite 7100**<br>**Chicago, Illinois 60606**<br>**Tel: (312)-258-5643**<br>**Fax: (312)-258-5600** | **First Mid Bancshares, Inc. 2025 Stock Incentive Plan** <br>**(f/k/a First Mid Bancshares, Inc. 2017 Stock Incentive Plan)**<br>(Full title of the plan)<br>**Joseph R. Dively**<br>**Chairman, President and Chief Executive Officer**<br>**First Mid Bancshares, Inc.**<br>**1421 Charleston Avenue**<br>**Mattoon, Illinois 61938** <br>(Name and address of agent for service)<br>**(217) 234-7454**<br>(Telephone number, including area code, of agent for service)<br>**With a copy to:**<br>**Matthew Galo, Esq.**<br>**Johnathan C. Duncan, Esq.**<br>**ArentFox Schiff LLP**<br>**233 South Wacker Drive**<br>**Suite 7100**<br>**Chicago, Illinois 60606**<br>**Tel: (312)-258-5643**<br>**Fax: (312)-258-5600** | **First Mid Bancshares, Inc. 2025 Stock Incentive Plan** <br>**(f/k/a First Mid Bancshares, Inc. 2017 Stock Incentive Plan)**<br>(Full title of the plan)<br>**Joseph R. Dively**<br>**Chairman, President and Chief Executive Officer**<br>**First Mid Bancshares, Inc.**<br>**1421 Charleston Avenue**<br>**Mattoon, Illinois 61938** <br>(Name and address of agent for service)<br>**(217) 234-7454**<br>(Telephone number, including area code, of agent for service)<br>**With a copy to:**<br>**Matthew Galo, Esq.**<br>**Johnathan C. Duncan, Esq.**<br>**ArentFox Schiff LLP**<br>**233 South Wacker Drive**<br>**Suite 7100**<br>**Chicago, Illinois 60606**<br>**Tel: (312)-258-5643**<br>**Fax: (312)-258-5600** |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. | Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. | Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. |
| Large accelerated filer🗷<br>Non-accelerated filer◻ | Accelerated filer ◻<br>Smaller reporting company ◻<br>Emerging growth company ◻ | Accelerated filer ◻<br>Smaller reporting company ◻<br>Emerging growth company ◻ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ◻

------

**EXPLANATORY NOTE**

First Mid Bancshares, Inc. (the "Registrant") has prepared this registration statement on Form S-8 (this "Registration Statement") to register an additional 450,000 shares of its common stock, $4.00 par value per share, for issuance under the First Mid Bancshares, Inc. 2025 Stock Incentive Plan (f/k/a First Mid Bancshares, Inc. 2017 Stock Incentive Plan) the ("Plan").

Pursuant to General Instruction E to Form S-8, the following registration statements previously filed by the Registrant with the Securities and Exchange Commission (the "SEC") (collectively, the "Prior Registration Statements") are incorporated by reference into this Registration Statement, except as the same may be modified by the information set forth herein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Registration Statement on Form S-8 (File No. 333-256763), filed by the Registrant with the SEC on June 3, 2021, registering 250,000 shares of its common stock, $4.00 par value per share, issuable under the Plan, is hereby incorporated by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Registration Statement on Form S-8 (File No. 333-218691), filed by the Registrant with the SEC on June 13, 2017, registering 149,983 shares of its common stock, $4.00 par value per share, issuable under the Plan, is hereby incorporated by reference.

This Registration Statement relates to securities of the same class as that to which the Prior Registration Statements relate.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

All information required in the Registration Statement (other than the exhibits and the signature page) is set forth in the Prior Registration Statements, as described above, and is incorporated herein by reference.

**Item 8. Exhibits.**

The exhibits filed herewith or incorporated by reference herein are set forth in the Exhibit Index filed as part of this Registration Statement.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit**<br>**<u>Number</u>** | &nbsp;&nbsp;**<u>Exhibit</u>** |
| &nbsp;&nbsp;[<u>3.1</u>](https://www.sec.gov/Archives/edgar/data/700565/000095017025073121/fmbh-ex3_2.htm) | &nbsp;&nbsp;Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 16, 2025).<br>|
| &nbsp;&nbsp;[<u>3.2</u>](https://www.sec.gov/Archives/edgar/data/700565/000070056519000013/ex33_042519.htm) | &nbsp;&nbsp;Amended and Restated Bylaws (incorporated by reference to Exhibit 3.3 to the Registrant's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 26, 2019).<br>|
| &nbsp;&nbsp;[<u>4.1</u>](https://www.sec.gov/Archives/edgar/data/700565/000095017025064109/fmbh-ex10_1.htm) | &nbsp;&nbsp;First Mid Bancshares, Inc. 2025 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 6, 2025).<br>|
| &nbsp;&nbsp;[<u>5.1\*</u>](fmbh-ex5_1.htm) | &nbsp;&nbsp;Opinion of ArentFox Schiff LLP.<br>|
| &nbsp;&nbsp;[<u>23.1\*</u>](fmbh-ex23_1.htm) | &nbsp;&nbsp;Consent of Forvis Mazars, LLP.<br>|
| &nbsp;&nbsp;[<u>23.2\*</u>](fmbh-ex5_1.htm) | &nbsp;&nbsp;Consent of ArentFox Schiff LLP (contained in the Opinion filed as Exhibit 5.1).<br>|
| &nbsp;&nbsp;24.1 | &nbsp;&nbsp;Power of Attorney (set forth on the signature page).<br>|
| &nbsp;&nbsp;[<u>107\*</u>](fmbh_exfilingfees.htm) | &nbsp;&nbsp;Filing Fee Table<br>|

---

\*filed herewith

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**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Mattoon, State of Illinois, on this 30<sup>th</sup>day of June, 2025.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**FIRST MID BANCSHARES, INC.** | &nbsp;&nbsp;**FIRST MID BANCSHARES, INC.** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ Joseph R. Dively |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joseph R. Dively<br> Chairman, President and Chief Executive Officer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joseph R. Dively<br> Chairman, President and Chief Executive Officer |

---

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**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned, being a director or officer, or both, of First Mid Bancshares, Inc., a Delaware corporation, hereby constitutes and appoints Joseph R. Dively and Matthew K. Smith, and each of them his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite, necessary or advisable to be done, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed effective June 30, 2025 by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**<u>Signature</u>** | &nbsp;&nbsp;**<u>Title</u>** | &nbsp;&nbsp;**<u>Date</u>** |
| &nbsp;&nbsp;<u>/s/ Joseph R. Dively</u><br>Joseph R. Dively | &nbsp;&nbsp;Chairman, President and Chief Executive Officer (Principal Executive Officer) and Director | &nbsp;&nbsp;June 30, 2025 |
| &nbsp;&nbsp;<u>/s/ Matthew K. Smith</u><br>Matthew K. Smith | &nbsp;&nbsp;Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) | &nbsp;&nbsp;June 30, 2025 |
| &nbsp;&nbsp;<u>/s/ Holly B. Adams</u><br>Holly B. Adams | &nbsp;&nbsp;Director | &nbsp;&nbsp;June 30, 2025 |
| &nbsp;&nbsp;<u>/s/ Robert S. Cook</u><br>Robert S. Cook | &nbsp;&nbsp;Director | &nbsp;&nbsp;June 30, 2025 |
| &nbsp;&nbsp;<u>/s/ Gisele A. Marcus</u><br>Gisele A. Marcus | &nbsp;&nbsp;Director | &nbsp;&nbsp;June 30, 2025 |
| &nbsp;&nbsp;<u>/s/ Zachary I. Horn</u><br>Zachary I. Horn | &nbsp;&nbsp;Director  | &nbsp;&nbsp;June 30, 2025 |
| &nbsp;&nbsp;<u>/s/ J. Kyle McCurry</u><br>J. Kyle McCurry | &nbsp;&nbsp;Director  | &nbsp;&nbsp;June 30, 2025 |
| &nbsp;&nbsp;<u>/s/ Paul L. Palmby</u><br>Paul L. Palmby | &nbsp;&nbsp;Director  | &nbsp;&nbsp;June 30, 2025 |
| &nbsp;&nbsp;<u>/s/ Mary J. Westerhold</u><br>Mary J. Westerhold | &nbsp;&nbsp;Director  | &nbsp;&nbsp;June 30, 2025 |
| &nbsp;&nbsp;<u>/s/ James E. Zimmer</u><br>James E. Zimmer | &nbsp;&nbsp;Director  | &nbsp;&nbsp;June 30, 2025 |

---

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## Exhibit 5.1

**EXHIBIT 5.1**

June 30, 2025

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549-1004

**Re: First Mid Bancshares, Inc. – Registration of Common Stock on Form S-8**

Ladies and Gentlemen:

We have acted as counsel to First Mid Bancshares, Inc., a Delaware corporation (the "Company"), in connection with the Company's filing of a Registration Statement on Form S-8 (the "Registration Statement") with the Securities and Exchange Commission covering the registration of 450,000 shares of the Company's common stock, $4.00 par value per share (the "Stock"), issuable pursuant to the First Mid Bancshares, Inc. 2025 Stock Incentive Plan (the "Stock Incentive Plan").

We have examined and relied upon the originals or copies of such records, agreements, documents and other instruments and have made such inquiries of such officers and representatives of the Company as we have deemed relevant and necessary as the basis for the opinions set forth. In such examination, we have assumed, without independent verification, the genuineness of all signatures (whether original or photostatic), the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, and the conformity to original documents of all documents submitted to us as certified or photostatic copies. We have assumed, without independent verification, the accuracy of the relevant facts stated therein. We express no opinion herein with respect to the qualification of the shares of Stock under the securities or blue sky laws of any state or any foreign jurisdiction.

The opinions expressed in this letter concern only the effect of the laws of the General Corporation Law of the State of Delaware as currently in effect, and we express no opinion on the law of any other jurisdiction. We assume no obligation to supplement this letter if any of the applicable laws change in any manner.

Based upon the foregoing, it is our opinion that those shares of Stock covered by the Registration Statement that are issued in accordance with the terms of the Stock Incentive Plan, as applicable, will be validly issued, fully paid and non-assessable.

We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement.

Very truly yours,

/s/ ArentFox Schiff LLP

ARENTFOX SCHIFF LLP

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## Exhibit 23.1

**EXHIBIT 23.1**

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in this Registration Statement on Form S-8, which incorporates by reference the Prior Registration Statements on form S-8 (File Nos. 333-256763 and 333-218691) of First Mid Bancshares, Inc. (the "Company") of our reports dated February 28, 2025, with respect to the consolidated financial statements of the Company and the effectiveness of internal control over financial reporting, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2024.<br>

/s/ Forvis Mazars, LLP

**St. Louis, Missouri**

**June 30, 2025**<br>

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## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

**EXHIBIT 107**

**Calculation of** Filing Fee **Table**

**Form** S-8

(Form Type)

First Mid Bancshares, Inc

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Newly Registered Securities</u>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Type | **Security**<br>**Class**<br>**Title** | **Fee Calculation Rule** | **Amount**<br>**Registered**<sup>(1)</sup> | **Proposed Maximum**<br>**Offering Price Per Share** | **Maximum**<br>**Aggregate**<br>**Offering**<br>**Price** | **Fee Rate** | **Amount of**<br>**Registration Fee** |
| Equity | Common stock, par value $4.00 per share | Other | 450000<br><sup>(2)</sup>  | $37.08<br><sup>(3)</sup> | $16686000<br><sup>(3)</sup> | 0.00015310 | $2554.63 |
| **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | $16686000 |  | $2554.63 |
| **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  | $0.00 |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  | $2554.63 |

---

(1) Pursuant to Rule 416(a) under the Securities Act of 1933 (the "Securities Act"), this Registration Statement shall also cover any additional shares of the Registrant's common stock that become issuable under the First Mid Bancshares, Inc. 2025 Stock Incentive Plan (the "Plan"), by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected that results in an increase to the number of outstanding shares of the Registrant's common stock.

(2) Represents 450,000 shares of the Registrant's common stock that were added to the shares reserved for issuance under the Plan.

(3) Estimated in accordance with Rule 457(c) and Rule 457(h) under the Securities Act, solely for the purpose of calculating the registration fee, based on the average of the $37.35 (high) and $36.80 (low) sales prices of the Registrant's common stock as reported on The Nasdaq Global Market on June 24, 2025, which date is within five business days prior to the date of filing of this Registration Statement.

------