SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 27, 2016
UNITED BANCSHARES, INC.
(Exact name of Registrant as specified in its Charter)
Ohio | 000-29283 | 34-1516518 | ||
(State or other jurisdiction of incorporation) | (Commission File No.) | (IRS Employer Identification Number) | ||
100 S. High Street, Columbus Grove, Ohio | 45830-1241 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: |
| (419) 659-2141 | ||
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.07
Submission of Matters to a Vote of Security Holders.
On April 27, 2016, United Bancshares, Inc. (the “Corporation”) held its annual shareholders’ meeting at its corporate headquarters in Columbus Grove, Ohio. At the meeting, the following four items were voted on by the shareholders of the Corporation:
1.
The election of seven directors to serve until the 2017 Annual Meeting;
2.
Adopting a non-binding resolution to approve the compensation of the Corporation’s named executive officers;
3.
Adopting the 2016 Stock Option Plan; and
4.
The ratification of the appointment of CliftonLarsonAllen LLP as the independent registered public accounting firm for the Corporation for the fiscal year ending December 31, 2016.
Proposal 1 - Election of Directors
The shareholders elected the following nominees for director at the meeting by the votes indicated below:
FOR
WITHHELD
Robert L. Benroth
2,128,908
48,061
James N. Reynolds
2,087,964
89,005
H. Edward Rigel
2,115,022
61,947
David P. Roach
2,113,007
63,962
Daniel W. Schutt
2,094,762
76,783
R. Steven Unverferth
2,115,615
61,354
Brian D. Young
2,116,037
60,932
In addition to the votes reported above, there were 548,543 broker non-votes on the proposal for the election of directors.
Proposal 2 - Non-binding resolution to approve the compensation of the Corporation’s named executive officers.
The non-binding resolution to approve the compensation of the Corporation’s named executive officers was approved by the votes indicated below. There were 548,543 broker non-votes on this proposal.
FOR
AGAINST
ABSTAINED
2,007,682
118,264
51,023
Proposal 3 - Adopting the 2016 Stock Option Plan
The adoption of the 2016 Stock Option Plan was approved by the votes indicated below. There were 548,543 broker non-votes on this proposal.
FOR
AGAINST
ABSTAINED
1,675,451
442,471
58,741
Proposal 4 - Ratifying the appointment of CliftonLarsonAllen LLP as the independent registered public accounting firm for the Corporation.
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 broker non-votes on this proposal.
FOR
AGAINST
ABSTAINED
2,673,257
10,307
41,949
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
United Bancshares, Inc. | ||||||
Date: April 28, 2016 | By: /s/Brian D. Young | |||||
Brian D. Young President & CEO | ||||||