UNITED SECURITY BANCSHARES (NASDAQ:UBFO) Files An 8-K Submission of Matters to a Vote of Security Holders

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UNITED SECURITY BANCSHARES (NASDAQ:UBFO) 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

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.