<SEC-DOCUMENT>0001477932-19-006000.txt : 20191023
<SEC-HEADER>0001477932-19-006000.hdr.sgml : 20191023
<ACCEPTANCE-DATETIME>20191023090033
ACCESSION NUMBER:		0001477932-19-006000
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20191023
DATE AS OF CHANGE:		20191023
GROUP MEMBERS:		DRIVER OPPORTUNITY PARTNERS I LP, DRIVER MANAGEMENT CO LLC, J. ABBOTT R. COOPER

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST UNITED CORP/MD/
		CENTRAL INDEX KEY:			0000763907
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				521380770
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-40814
		FILM NUMBER:		191162806

	BUSINESS ADDRESS:	
		STREET 1:		19 S SECOND ST
		CITY:			OAKLAND
		STATE:			MD
		ZIP:			21550
		BUSINESS PHONE:		3013349471

	MAIL ADDRESS:	
		STREET 1:		19 S SECOND ST
		CITY:			OAKLAND
		STATE:			MD
		ZIP:			21550

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Driver Management Co LLC
		CENTRAL INDEX KEY:			0001756372
		IRS NUMBER:				831994022
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		250 PARK AVENUE
		STREET 2:		7TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10177
		BUSINESS PHONE:		212-572-4811

	MAIL ADDRESS:	
		STREET 1:		250 PARK AVENUE
		STREET 2:		7TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10177
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>func_sc13da.htm
<DESCRIPTION>SC 13D/A
<TEXT>
<html><head><title>func_sc13da.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px" align="center"><table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td><div style="HEIGHT: 4px; WIDTH: 100%; BACKGROUND: #000000; MARGIN: 0px 0px 2px" name="hrule"></div><div style="HEIGHT: 2px; WIDTH: 100%; BACKGROUND: #000000" name="hrule"></div></td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><font size="3"><b>SECURITIES AND EXCHANGE COMMISSION</b></font></p><p style="MARGIN: 0px" align="center"><font size="3"><b>WASHINGTON, DC 20549</b></font></p><p style="MARGIN: 0px" align="center">______________</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="5">SCHEDULE 13D</font></b></p><p style="MARGIN: 0px" align="center"><b>(Rule 13d-101)</b></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b>INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT</b></p><p style="MARGIN: 0px" align="center"><b>TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO</b></p><p style="MARGIN: 0px" align="center"><b>RULE 13d-2(a)</b></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="center">(Amendment No. 6)<sup>1</sup></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cols="1" cellpadding="0" width="40%" align="center" bgcolor="#ffffff" border="0"><tr><td style="BORDER-BOTTOM: black 1px solid"><p style="MARGIN: 0px" align="center"><font size="5"><b>First United Corporation</b></font></p></td></tr><tr><td><p style="MARGIN: 0px" align="center">(Name of Issuer)</p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;&nbsp; </p><p style="MARGIN: 0px" align="center"><u><b>Common Stock, $0.01 par value</b></u></p><p style="MARGIN: 0px" align="center">(Title of Class of Securities)</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="center"><u><b>33741H107</b></u></p><p style="MARGIN: 0px" align="center">(CUSIP Number)</p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b>J. ABBOTT R. COOPER</b></p><p style="MARGIN: 0px" align="center"><b>DRIVER MANAGEMENT COMPANY LLC</b></p><p style="MARGIN: 0px" align="center"><b>250 Park Avenue</b></p><p style="MARGIN: 0px" align="center"><b>7th Floor</b></p><p style="MARGIN: 0px" align="center"><b>New York, NY 10177</b></p><p style="MARGIN: 0px" align="center"><u><b>(212) 572-4811</b>&nbsp;</u></p><p style="MARGIN: 0px" align="center">(Name, Address and Telephone Number of Person</p><p style="MARGIN: 0px" align="center">Authorized to Receive Notices and Communications)</p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><u><b>October 7, 2019</b></u></p><p style="MARGIN: 0px" align="center">(Date of Event Which Requires Filing of This Statement)</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box <font style="FONT-FAMILY: Wingdings">&#168;</font>.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify"><i>Note.</i> Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. <i>See</i> Rule 13d-7 for other parties to whom copies are to be sent.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center">(Continued on following pages)</p><p style="MARGIN: 0px" align="left">____________________</p><p style="MARGIN: 0px"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%">1</td><td valign="top">The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 45px" align="justify">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, <i>see</i> the <i>Notes</i>).</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td><div style="HEIGHT: 2px; WIDTH: 100%; BACKGROUND: #000000; MARGIN: 0px 0px 2px" name="hrule"></div><div style="HEIGHT: 4px; WIDTH: 100%; BACKGROUND: #000000" name="hrule"></div></td></tr></table></p><p style="MARGIN: 0px"><table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td>&nbsp;</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp; </p><p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" align="center" bgcolor="#ffffff" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">1</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">NAME OF REPORTING PERSONS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Driver Opportunity Partners I LP</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">2</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">(a) <font style="FONT-FAMILY: Wingdings">x</font></p><p style="MARGIN: 0px">(b) <font style="FONT-FAMILY: Wingdings">&#168;</font></p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">3</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SEC USE ONLY</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">4</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SOURCE OF FUNDS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">WC, OO</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">5</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) <font style="FONT-FAMILY: Wingdings">&#168;</font></p><p style="MARGIN: 0px"><font face="Wingdings"></font>&nbsp;</p><p style="MARGIN: 0px"><font face="Wingdings"></font>&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">6</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CITIZENSHIP OR PLACE OF ORGANIZATION</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Delaware</p></td></tr></table></p><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" border="0"></table><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" border="0"></table>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" align="center" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="middle" rowspan="4" width="12%"><p style="MARGIN: 0px" align="center">NUMBER OF </p><p style="MARGIN: 0px" align="center">SHARES BENEFICIALLY OWNED BY </p><p style="MARGIN: 0px" align="center">EACH </p><p style="MARGIN: 0px" align="center">REPORTING </p><p style="MARGIN: 0px" align="center">PERSON WITH</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">7</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">8</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 -</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">9</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">10</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 -</p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p><p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" align="center" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">11</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">12</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES <font style="FONT-FAMILY: Wingdings">o</font></p><p style="MARGIN: 0px"><font style="FONT-FAMILY: Wingdings"></font>&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">13</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">5.08%</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">14</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">TYPE OF REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">PN</p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp; </p><p style="MARGIN: 0px"><table id="pagebreak74439593-a021-4e7f-981c-330c331c3ba1" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">2</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;&nbsp; </p><p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" align="center" bgcolor="#ffffff" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">1</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">NAME OF REPORTING PERSONS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Driver Management Company LLC</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">2</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">(a) <font style="FONT-FAMILY: Wingdings">&#168;</font></p><p style="MARGIN: 0px">(b) <font style="FONT-FAMILY: Wingdings">o </font></p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">3</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SEC USE ONLY</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">4</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SOURCE OF FUNDS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">AF, OO</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">5</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) <font style="FONT-FAMILY: Wingdings">&#168;</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">6</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CITIZENSHIP OR PLACE OF ORGANIZATION</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Delaware</p></td></tr></table></p><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" border="0"></table><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" border="0"></table>&nbsp;&nbsp;&nbsp; <p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" align="center" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="middle" rowspan="4" width="12%"><p style="MARGIN: 0px" align="center">NUMBER OF</p><p style="MARGIN: 0px" align="center">SHARES</p><p style="MARGIN: 0px" align="center">BENEFICIALLY</p><p style="MARGIN: 0px" align="center">OWNED BY</p><p style="MARGIN: 0px" align="center">EACH</p><p style="MARGIN: 0px" align="center">REPORTING</p><p style="MARGIN: 0px" align="center">PERSON WITH</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">7</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">8</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 -</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">9</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">10</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 - </p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p><p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" align="center" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">11</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">12</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES <font style="FONT-FAMILY: Wingdings">o</font></p><p style="MARGIN: 0px"><font face="Wingdings"></font>&nbsp;</p><p style="MARGIN: 0px"><font face="Wingdings"></font>&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">13</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">5.08%</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">14</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">TYPE OF REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">OO</p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p><p style="MARGIN: 0px"><table id="pagebreak91b8a9db-f27e-4aa5-851c-64279cdd11ab" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">3</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp; &nbsp; </p><p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" align="center" bgcolor="#ffffff" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">1</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">NAME OF REPORTING PERSONS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">J. Abbott R. Cooper</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">2</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">(a) <font style="FONT-FAMILY: Wingdings">&#168;</font></p><p style="MARGIN: 0px">(b) <font style="FONT-FAMILY: Wingdings">&#168;</font></p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">3</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SEC USE ONLY</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">4</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SOURCE OF FUNDS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">AF, OO</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">5</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) <font style="FONT-FAMILY: Wingdings">&#168;</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">6</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CITIZENSHIP OR PLACE OF ORGANIZATION</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">United States of America</p></td></tr></table></p><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" border="0"></table><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" border="0"></table>&nbsp;&nbsp;&nbsp; <p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" align="center" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="middle" rowspan="4" width="12%"><p style="MARGIN: 0px" align="center">NUMBER OF</p><p style="MARGIN: 0px" align="center">SHARES</p><p style="MARGIN: 0px" align="center">BENEFICIALLY</p><p style="MARGIN: 0px" align="center">OWNED BY</p><p style="MARGIN: 0px" align="center">EACH</p><p style="MARGIN: 0px" align="center">REPORTING</p><p style="MARGIN: 0px" align="center">PERSON WITH</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">7</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">8</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 -</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">9</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">10</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 - </p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp; </p><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="3" width="100%" align="center" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">11</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">12</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES <font style="FONT-FAMILY: Wingdings">&#168;</font></p><p style="MARGIN: 0px"><font face="Wingdings"></font>&nbsp;</p><p style="MARGIN: 0px"><font face="Wingdings"></font>&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">13</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="left">5.08%</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">14</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">TYPE OF REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">IN</p></td></tr></table>&nbsp;&nbsp; <table id="pagebreak929e5926-3280-40a2-86ce-7e57df62c14f" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">4</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px">The following constitutes Amendment No. 6 to the Schedule 13D filed by the undersigned (&#8220;Amendment No. 6&#8221;). This Amendment No. 6 amends the Schedule 13D as specifically set forth herein.</p><p style="MARGIN: 0px; TEXT-INDENT: 1in">&nbsp;</p><p style="MARGIN: 0px" align="justify">Item 4. <u>Purpose of Transaction</u>.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">Item 4 is hereby amended to add the following:</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">On October 23, Mr. Cooper sent a letter (the &#8220;<u>October 23 Letter</u>&#8221;, a copy of which is attached hereto as Exhibit 99.1) to Ms. Rodeheaver regarding the Issuer&#8217;s third quarter earnings release.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify">Item 7. <u>Material to be Filed as Exhibits.</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">Item 7 is hereby amended to add the following exhibits:</p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" align="center" bgcolor="#ffffff" border="0"><tr height="15"><td style="BORDER-BOTTOM: black 1px solid" valign="top" width="10%"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><b>Exhibit</b></p></td><td width="2%"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="top"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><b>Description</b></p></td></tr><tr height="15" bgcolor="#cceeff"><td valign="top"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><a href="func_ex991.htm">Exhibit 99.1</a></p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><a href="func_ex991.htm">October 23 Letter</a></p></td></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="pagebreakdc211874-b756-4d61-9ee7-d90425059438" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">5</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp; &nbsp;</p><p style="MARGIN: 0px" align="center"><u>SIGNATURES</u><u></u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.</p><p style="MARGIN: 0px">&nbsp;&nbsp;&nbsp; </p><p style="MARGIN: 0px"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" colspan="3"><p style="MARGIN: 0px">Driver Opportunity Partners I LP</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top" colspan="3"></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px">Dated: October 23, 2019</p></td><td valign="top"><p style="MARGIN: 0px">By:</p></td><td valign="top" colspan="2"><p style="MARGIN: 0px">Driver Management Company LLC</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" colspan="2"><p style="MARGIN: 0px">its general partner</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td><td valign="top" colspan="2"></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px">By:</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px"><em>/s/ J. Abbott R. Cooper</em></p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top" width="50%"></td><td valign="top" width="3%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="5%"><p style="MARGIN: 0px">Name:</p></td><td valign="top" width="35%"><p style="MARGIN: 0px">J. Abbott R. Cooper</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px">Title:</p></td><td valign="top"><p style="MARGIN: 0px">Managing Member</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td><p style="MARGIN: 0px">&nbsp;</p></td><td colspan="3"><p style="MARGIN: 0px">Driver Management Company LLC</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">By:</p></td><td style="BORDER-BOTTOM: black 1px solid" colspan="2"><p style="MARGIN: 0px"><em>/s/ J. Abbott R. Cooper</em></p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">Name:</p></td><td><p style="MARGIN: 0px">J. Abbott R. Cooper</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">Title:</p></td><td><p style="MARGIN: 0px">Managing Member</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr></table></p><p style="MARGIN: 0px" align="left">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr height="15"><td valign="top" width="50%"></td><td valign="top"></td><td width="7%"><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="top"><p style="MARGIN: 0px"><em>/s/ J. Abbott R. Cooper</em></p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px">J. Abbott R. Cooper</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr></table><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid"><p style="MARGIN: 0px" align="center">&nbsp;6</p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p></BODY><!--Document Created by EDGARMaster--></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>func_ex991.htm
<DESCRIPTION>LETTER
<TEXT>
<html><head><title>func_ex991.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px" align="right"><b>EXHIBIT 99.1</b></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b>Driver Management Company LLC</b></p><p style="MARGIN: 0px" align="right">&nbsp;</p><p style="MARGIN: 0px" align="right">October 23, 2019</p><p style="MARGIN: 0px" align="left">&nbsp;</p><p style="MARGIN: 0px">Carissa L. Rodeheaver</p><p style="MARGIN: 0px">Chairman of the Board, President &amp; CEO</p><p style="MARGIN: 0px">First United Corporation</p><p style="MARGIN: 0px">19 South Second Street</p>Oakland, MD 21550 <p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Dear Carissa,</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">In keeping with First United&#8217;s general refusal to act like a responsible, transparent public company and provide meaningful information about its strategy and business to investors, First United does not appear to be hosting a call to discuss 3Q19 earnings. Since First United will not provide a public forum for us and other investors to ask questions regarding First United&#8217;s performance and outlook, we are left to provide our questions in writing. Given that other investors likely have similar questions, we will make this letter publicly available and encourage you to respond in a similarly public fashion.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Set forth below are some of the questions raised by First United&#8217;s 3Q19 earnings release. However, the most important question raised by the earnings release (and First United&#8217;s prospects and performance generally) is why does First United&#8217;s board of directors continue to refuse to run a sales process when it is clear that this is the most obvious path to maximizing stockholder value? There is nothing in the 3Q19 earnings release that suggests that First United is remotely close to providing the type of value as a standalone that stockholders would receive in a sale. Rather than attempting to achieve (very) marginal improvements, wouldn&#8217;t the best course be to take decisive steps to maximize First United&#8217;s value?</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><u>Core Earnings, Returns and Presentation</u></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">There are several non-core items included in First United&#8217;s 3Q19 net income, most notably the receipt of insurance death benefits proceeds. Please break out all non-core items included in net income. What is First United&#8217;s ROAA for only 3Q19 (annualized)? What other non-core items are included in First United&#8217;s calculation of ROAA for the first nine months of 2019?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">While not necessarily a non-core item, the reserve release in 3Q19 raises obvious issues. Given that First United has chosen not to provide much in the way of detail regarding asset quality, it is hard to come to a firm conclusion, but given the marked increase in 90+ days delinquent and accruing from 1Q19 to 2Q19 as well as other indications of credit deterioration during the first six months of the year, please provide additional detail regarding the decision to release reserves in 3Q19.</td></tr></tr></table><p style="MARGIN: 0px">&nbsp; </p><table id="pagebreakc848a1ce-8b9a-4355-b0a0-f5a9ca19f824" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">1</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table><p style="MARGIN: 0px">&nbsp; &nbsp;</p><p style="MARGIN: 0px"><u>Voluntary Employee Separation Plan</u></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">How many employees do you expect will participate in the Voluntary Employee Separation Plan? Have any employees already agreed to voluntarily separate from their jobs? If so, how many? What contingency plans exist if fewer employees than expected agree to voluntarily separate from their jobs? At what point will the Voluntary Employee Separation Plan become an involuntary employee separation plan?<u></u></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">What are the terms of the Voluntary Employee Separation Plan? Are all employees eligible to participate in the Voluntary Employee Separation Plan? Are any members of First United&#8217;s management team expected or intending to participate? What is the total severance amount expected to be paid pursuant to this plan?<u></u></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">What was the decision making process leading to the adoption of the Voluntary Employee Separation Plan? Is reducing headcount the optimal way to lower non-interest expense? If so, will further headcount reductions in First United&#8217;s plans?? What impact will the Voluntary Employee Separation Plan have on loan growth, deposit gathering, fee income, etc.? To the extent that such impact is minimal, why didn&#8217;t First United take these actions at an earlier time??<u></u></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Are you concerned that highly sought after employees will take advantage of the Voluntary Employee Separation Plan to effectively get paid to find a better job? What steps have you taken to mitigate against adverse selection?<u></u></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">How do the cost savings obtained from the Voluntary Employee Separation Program compare to those that would be obtained from a sale or merger of First United.<u></u></td></tr></tr></tr></tr></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><u>Credit</u></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Please provide additional detail regarding the net recoveries during 3Q19 that contributed to a negative provision. Specifically, please provide detail regarding when the loans first became problem loans, the percentage of amounts recovered to principal balances (before any charge offs), the method of recovery (loan sale, foreclosure and sale of collateral, etc.) and whether the recovery was recognized in cash or an adjustment to the ALL.</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">It appears that First United was particularly successful in obtaining recoveries on problem loans in 3Q19, reporting net recoveries across all loan categories (CRE, A&amp;D, C&amp;I, residential mortgage and consumer). Why was First United so successful in obtaining net recoveries in 3Q19? Was there any change in First United&#8217;s approach to recovering on problem loans? Has there been a material improvement in the economic conditions in the markets in which First United operates?</td></tr></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"></td><td valign="top" width="4%"><p style="MARGIN: 0px">o&nbsp;</p></td><td valign="top">Has there been any event or set of circumstances that might cause First United to change its expectations regarding recoveries prompting First United to accept lesser but immediate recoveries with respect to problem loans?</td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp; </p><p style="MARGIN: 0px"><table id="pagebreak3150b17f-f2b9-4d8b-9d1e-e857121ee03e" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">2</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Please provide additional detail regarding the $7.0 million A&amp;D loan placed on non-accrual, including location of collateral, total size of loan (not just First United&#8217;s participation amount), original underwriting terms (LTV, etc.), date of last appraisal before the most recent appraisal and the terms of the forbearance agreement. Does First United have any other exposure to the same borrower?</td></tr></table><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%">o</td><td valign="top">Given that the loan is a participation, who (First United or another financial institution) is taking the lead on seeking recovery?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top">o </td><td valign="top">$7.0 million would seem to be a very large loan for a bank of First United&#8217;s size&#8212;what is the average size loan in First United&#8217;s A&amp;D portfolio? Are there any other loans of similar size? What percentage of First United&#8217;s loan portfolio are participations?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top">o </td><td valign="top">Given the size of the $7.0 million loan, was this loan approved by a directors&#8217; loan committee or similar body?</td></tr></tr></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><u>Rebranding and Branch Modernization</u></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">It appears that First United&#8217;s rebranding and branch modernization program is now complete&#8212;what was the total cost of this initiative? How do actual costs compare to budget?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">How did First United assess the benefits of this initiative versus the cost? What is the expected return on this investment and the time period for realization?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Two of First United&#8217;s new branches - in Hagerstown, MD and Bridgeport, WV - are still very small with around $5M in combined deposits. How does First United evaluate the costs and benefits of building new branches? Are those branches currently profitable? If not, when will they become profitable?</td></tr></tr></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><u>Non-Interest Expense</u></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">First United appears to have engaged the services of multiple law firms to protect its board from its stockholders, yet miscellaneous expense (which includes legal expenses) has decreased&#8212;is First United properly accruing for legal expenses related to hiring lawyers specializing in defending corporations from stockholder activism?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">First United&#8217;s efficiency ratio increased to 71.09% for 3Q19&#8212;given this elevated ratio, how will marginal improvements in expense control meaningfully reduce First United&#8217;s expense levels? The Voluntary Employee Separation Program is intended to reduce salary and benefit expense by $1.4 million in 2020&#8212;given that aggregate salary and benefit expense for 2018 was $24.2 million and total non-interest expense was $43.8 million, are more aggressive expense reduction programs warranted?</td></tr></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><u>Deposits</u></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">It appears that cost of deposits increased more than 4% from the previous quarter despite a decrease in the fed funds rate. In a declining rate environment, what is First United&#8217;s target deposit beta?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Jumbo time deposits continue to increase&#8212;what is the average rate and maturity of jumbo CDs added year to date?</td></tr></tr></table><p style="MARGIN: 0px">&nbsp;&nbsp; </p><p style="MARGIN: 0px"><table id="pagebreak743ec5bb-b04b-4d91-9a86-c4b3d0cddf34" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">3</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p>&nbsp; &nbsp; <p style="MARGIN: 0px"><u>Loans</u></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Please explain why the payoff of $27.6 million in CRE loans was the result of First United&#8217;s &#8220;strict adherence to [its] underwriting and pricing standards.&#8221; How are underwriting and pricing standards related to a refinancing and related payoff?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Loan balances have declined for three consecutive quarters. What is your outlook for loan growth? Does the recent dividend increase (without a corresponding increase in core net income) indicate that First United isn&#8217;t seeing good lending opportunities.</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Similarly, why has First United noted that during the first nine months of 2019 $103.6 million of loan opportunities did not meet its criteria for rate, credit quality or structure of terms? Obviously, First United should not make every possible loan that it can, but why is this information relevant to investors? Does the $103.6 million represent the only other loan opportunities in First United&#8217;s markets?</td></tr></tr></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><u>Capital Management</u></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">First United announced at the end of 3Q19 that it had increased its quarterly dividend. Since it does not appear that there has been any increase in core earnings, has First United decided to increase its payout ratio? Does the increase in capital return mean that First United is less optimistic about its prospects for growth?</td></tr></table><p style="MARGIN: 0px">&nbsp;</p>I understand that you will be traveling to meet with investors in the coming weeks. As one of First United&#8217;s largest stockholders, I hope that you will make time to meet with me. In addition, I sincerely hope that you will listen to the stockholders that you meet with. Even if you do not intend to respond to their requests that First United promptly initiate a sale process, you should undoubtedly be using those visits to calculate First United&#8217;s odds for success in a contested election in the spring. <p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Abbott Cooper</p><p style="MARGIN: 0px">Managing Member</p><p style="MARGIN: 0px">Driver Management Company LLC</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid"><p style="MARGIN: 0px" align="center">&nbsp;4</p></td></tr></table></p></BODY><!--Document Created by EDGARMaster--></html>
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