UNITED BANCSHARES, INC. (NASDAQ:UBOH) 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 the shareholders of United Bancshares, Inc.
was held on April 26, 2017. At the meeting, the following items
were voted on by the shareholders of United Bancshares, Inc.:

1. Election of directors to serve until the 2018 Annual Meeting;

2. An Amendment to the Amended and Restated Articles of
Incorporation of United Bancshares, Inc. to authorize 750,000
shares of preferred stock of United Bancshares, Inc.; and

3.

Ratifying the appointment of CliftonLarsonAllen LLP as the
independent registered accounting firm for of United Bancshares,
Inc.

Proposal 1-Election of Directors

The shareholders elected the following nominees for director at
the meeting by the votes indicated below:

Proposal 2– An amendment to the Corporations
Amended and Restated Articles of Incorporation of United
Bancshares, Inc. to authorize 750,000 shares of Preferred Stock
of United Bancshares, Inc.

At the meeting, the proposal to amend the Corporations Amended
and Restated Articles of Incorporation to authorize 750,000
shares of a Preferred Stock failed to receive the affirmative
vote of a two-thirds majority of shares entitled to vote at the
annual meeting.

In addition to the votes reported below, there were 507,926
non-votes on this proposal.

Proposal 3– Ratifying the appointment of
CliftonLarsonAllen LLP as the independent registered public
accounting firm for the Corporation.

At the meeting, the shareholders ratified the appointment of
CliftonLarsonAllen LLP as the independent registered public
accounting firm for the Corporation by the votes indicated below:

There were no non-votes on this proposal.

About UNITED BANCSHARES, INC. (NASDAQ:UBOH)

United Bancshares, Inc. is a bank holding company of The Union Bank Company (the Bank). The Bank is a state-chartered bank. Through the Bank, the Company provides a range of commercial and retail banking services. The Bank offers a range of commercial banking services, including checking accounts, savings and money market accounts; certificates of deposit; online banking and automatic teller machines; commercial, consumer, agricultural, residential mortgage and home equity loans; wealth management services; treasury management services; safe deposit box rentals, and other personalized banking services. Through its over 10 branch offices located in Bowling Green, Columbus Grove, Delaware, Delphos, Findlay, Gibsonburg, Kalida, Leipsic, Lima, Marion, Ottawa, and Pemberville, Ohio, the Company serves the Ohio counties of Allen, Delaware, Hancock, Marion, Putnam, Sandusky, Van Wert and Wood. The Bank’s total loan portfolio was approximately $354.6 million.

UNITED BANCSHARES, INC. (NASDAQ:UBOH) Recent Trading Information

UNITED BANCSHARES, INC. (NASDAQ:UBOH) closed its last trading session down -0.50 at 21.35 with 1,759 shares trading hands.