UNITED SECURITY BANCSHARES (NASDAQ:UBFO) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders
On May16, 2018 United Security Bancshares held its Annual Meeting of Shareholders. A total of 15,020,345 shares were represented and voting at the meeting, constituting 88.89% of the 16,898,615 issued and outstanding shares entitled to vote at the meeting. The final results of voting for each matter submitted to a vote of shareholders at the meeting are as follows:
Proposal 1. Election of Directors
The shareholders elected all of the Board of Directors nominees for a term of one year, as follows:
Nominee |
For |
Against |
Abstain |
Broker Non-Votes |
Stanley J. Cavalla |
10,106,433 |
211,613 |
4,702,299 |
|
Tom Ellithorpe |
9,858,910 |
459,135 |
4,702,299 |
|
Benjamin Mackovak |
10,108,615 |
209,431 |
4,702,299 |
|
Nabeel Mahmood |
10,261,104 |
56,942 |
4,702,299 |
|
Robert M. Mochizuki |
10,102,088 |
215,958 |
4,702,299 |
|
Kenneth D. Newby |
10,130,517 |
187,529 |
4,702,299 |
|
Susan Quigley |
10,022,302 |
295,744 |
4,702,299 |
|
Brian Tkacz |
10,122,372 |
195,674 |
4,702,299 |
|
Dennis R. Woods |
10,018,912 |
299,133 |
4,702,299 |
|
Michael T. Woolf |
10,255,738 |
62,308 |
4,702,299 |
Proposal 2. Ratification of Moss Adams LLP as the Company's Independent Auditors for Fiscal Year 2018
The shareholders ratified the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2018, by the following vote:
For |
Against |
Abstain |
Non-Votes |
14,518,586 |
147,906 |
353,853 |
About UNITED SECURITY BANCSHARES (NASDAQ:UBFO)
United Security Bancshares is the bank holding company for United Security Bank (the Bank). The Bank is a California state-chartered bank. The Bank operates in the segment of providing banking services to commercial establishments and individuals primarily in the San Joaquin Valley of California. The Bank offers a range of services for commercial customers and account holders, including online banking, mobile banking, safe deposit boxes, automated teller machine (ATM) services, payroll direct deposit, cashier’s checks, traveler’s checks, money orders and foreign drafts. The Bank offers a range of financial services, including wealth management, employee benefit, insurance and loan products, as well as consulting services. It offers a range of deposit instruments, including personal and business checking accounts and savings accounts, interest-bearing negotiable order of withdrawal (NOW) accounts, money market accounts and time certificates of deposit.