---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001161"
form_type: "8-K"
ticker: "FUSB"
cik: "0000717806"
company_name: "FIRST US BANCSHARES, INC."
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:59:44.231198+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# First US Bancshares adopts 2023 cash incentive program for executives

## Summary
- Target bonus: 45% of base salary for CEO James F. House, 35% for CFO Thomas S. Elley and EVP William C. Mitchell.
- Performance metrics: consolidated pre-tax income (25%), ROAA (25-30%), ROATE (15-25%), and loan growth for Mitchell (15%).
- Bonus can be reduced up to 35% based on regulatory rating deterioration or negative findings.
- Includes a discretionary component (20% of total) based on strategic goals, shareholder return, and cost control.
- Provides for recoupment if financial results are restated or performance metrics found materially inaccurate.

## SEC filing metadata
- accession: 0000950170-23-001161
- form_type: 8-K
- ticker: FUSB
- cik: 0000717806
- company_name: FIRST US BANCSHARES, INC.
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717806/000095017023001161/0000950170-23-001161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717806/000095017023001161/fusb-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001161
- JSON: https://secwatch.observer/filing/0000950170-23-001161.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001161.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.