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UNITED STATES
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, 2022
 
UNITED BANCSHARES, INC/OH
(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)
 
105 Progressive Drive, 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)
 
Securities registered or to be registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of Each Exchange
Common Stock, No Par Value
UBOH
NASDAQ Global Market
 
 
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):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐ 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
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 27, 2022.  At the meeting, the following items were voted on by the shareholders of United Bancshares, Inc.: 
 
1.  Election of directors to serve until the 2023 Annual Meeting; and
 
2.  Adopting a non-binding resolution to approve the compensation of the Corporation’s named executive officers; and
 
3. An amendment to the 2003 Employee Stock Purchase Plan to increase the authorized shares by 200,000; and
 
4. Ratifying the appointment of CliftonLarsonAllen LLP as the independent registered accounting firm for United Bancshares, Inc.
 
Proposal 1 -  Election of Directors
 
The shareholders elected the following nominees for director at the meeting by the votes indicated below. In addition to the votes reported below, there were 387,830 broker non-votes on the proposal for the election of each director.
 
Director
  
For
  
Withheld
Robert L. Benroth
  
1,747,124
  
477,182
Herbert H. Huffman
  
1,838,167
  
386,139
H. Edward Rigel
  
1,734,355
  
489,951
David P. Roach
  
1,742,464
  
481,842
Daniel W. Schutt
  
1,644,674
  
579,632
R. Steven Unverferth
  
1,840,815
  
383,491
Brian D. Young
  
1,840,132
  
384,174
 
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 387,830 broker non-votes on the proposal.  
 
For
Against
Abstain
1,677,561
465,401
81,344
 
Proposal 3 - An amendment to the 2003 Employee Stock Purchase Plan to increase the authorized shares by 200,000;
 
An amendment to the 2003 Employee Stock Purchase Plan to increase the authorized shares by 200,000 was approved by the votes indicated below. There were 387,830 broker non-votes on the proposal.  
 
For
Against
Abstain
1,759,889
417,254
47,163
 
Proposal 4 - 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:
 
For
Against
Abstain
2,493,571
92,153
26,412
 
There were no broker non-votes on this proposal.
 
 
 
 
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, 2022
By:
/s/ Brian D. Young
  
   
 Brian D. Young
  
   
 President and Chief Executive Officer
  
 
 
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