First US Bancshares, Inc. (NASDAQ:FUSB) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.Submission of Matters to a Vote of Security Holders.
The Annual Meeting of Shareholders (the Annual Meeting) of First
US Bancshares, Inc. (the Company) was held on April 26, 2017.
Summarized below are descriptions of the matters voted on at the
Annual Meeting and the final results of such voting:
Proposal 1 Election of Directors. The shareholders elected
each of the director nominees to serve as directors during the
ensuing year. The voting for the directors at the Annual Meeting
was as follows:
|
Name |
Votes For |
Withhold Authority |
Broker Non-Votes |
|
Andrew C. Bearden, Jr. |
2,749,971 |
123,969 |
1,449,753 |
|
Linda H. Breedlove |
2,830,826 |
43,114 |
1,449,753 |
|
Robert Stephen Briggs |
2,745,322 |
128,618 |
1,449,753 |
|
Sheri S. Cook |
2,742,335 |
131,605 |
1,449,753 |
|
John C. Gordon |
2,838,919 |
35,021 |
1,449,753 |
|
William G. Harrison |
2,718,793 |
155,147 |
1,449,753 |
|
James F. House |
2,746,605 |
127,335 |
1,449,753 |
|
J. Lee McPhearson |
2,843,305 |
30,635 |
1,449,753 |
|
Jack W. Meigs |
2,761,589 |
112,351 |
1,449,753 |
|
Aubrey S. Miller |
2,745,372 |
128,568 |
1,449,753 |
|
Donna D. Smith |
2,745,675 |
128,265 |
1,449,753 |
|
Howard M. Whitted |
2,762,827 |
111,113 |
1,449,753 |
|
Bruce N. Wilson |
2,843,897 |
30,043 |
1,449,753 |
Proposal Ratification of the Appointment of Carr,
Riggs Ingram, LLC as the Companys Independent Registered Public
Accountants for the Year Ending December 31, 201.
The shareholders ratified the appointment of Carr, Riggs Ingram,
LLC as the Companys independent registered public accountants for
the year ending December 31, 2017. The result of the vote taken
at the Annual Meeting was as follows:
|
Votes For |
Votes Against |
Abstain |
|
4,221,817 |
4,310 |
97,566 |
Proposal Advisory Approval of Executive
Compensation. The shareholders adopted a resolution
approving, on an advisory basis, the compensation paid to the
Companys named executive officers, as disclosed in the Companys
2017 proxy statement to the compensation disclosure rules of the
Securities and Exchange Commission. The result of the vote taken
at the Annual Meeting was as follows:
|
Votes For |
Votes Against |
Abstain |
Broker Non-Votes |
|
2,622,807 |
106,119 |
145,014 |
1,449,753 |
Proposal Advisory Vote on Frequency of Say-on-Pay
Vote. The shareholders voted on a non-binding, advisory basis
for their preference as to how frequently we should seek future
advisory votes on the compensation of our named executive
officers, as disclosed in accordance with the compensation
disclosure rules of the Securities and Exchange Commission. The
result of the vote taken at the Annual Meeting was as
follows:
|
One Year |
Two Years |
Three Years |
Abstain |
Broker Non-Votes |
|
2,586,954 |
34,520 |
98,011 |
154,455 |
1,449,753 |
About First US Bancshares, Inc. (NASDAQ:FUSB)
First US Bancshares, Inc., formerly United Security Bancshares, Inc., incorporated on June 4, 1999, is the bank holding company for First US Bank (the Bank or FUSB). The Bank operates a finance company, Acceptance Loan Company, Inc. (ALC). The Bank operates through two segments: FUSB and ALC. As of December 31, 2015, the Bank operated and served its customers through 19 banking offices located in Brent, Bucksville, Butler, Calera, Centreville, Coffeeville, Columbiana, Fulton, Gilbertown, Grove Hill, Harpersville, Jackson, Thomasville, Tuscaloosa and Woodstock, Alabama. The Bank provides a range of commercial banking services to small and medium-sized businesses, property managers, business executives, professionals and other individuals. As of December 31, 2015, ALC operated and served its customers through 22 offices in Alabama and southeast Mississippi. FUSB Reinsurance underwrites credit life and credit accident and health insurance policies. First US Bancshares, Inc. (NASDAQ:FUSB) Recent Trading Information
First US Bancshares, Inc. (NASDAQ:FUSB) closed its last trading session up +0.05 at 11.65 with 1,392 shares trading hands.
