secwatch.observer — SEC 8-K summary
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Issuer:     FIRST US BANCSHARES, INC. (FUSB)
CIK:        0000717806
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0000950170-25-018724
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First US Bancshares adopts 2025 cash incentive plan for executives
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- Performance metrics: pre-tax income (25%), ROAA (25-30%), ROATE (15-25%), indirect loan growth (15% for Mitchell only) plus 20% discretionary.
- CEO target bonus 45% of salary; CFO and Senior EVP Consumer target 35%; threshold at 80% of budget yields 50% of target.
- Maximum payout 150% of target if 120% of budget achieved; straight-line interpolation between threshold and max.
- Awards subject to reduction up to 35% for regulatory rating deterioration or negative findings.
- Recoupment provisions apply for financial restatements, inaccurate performance data, or bad-faith conduct.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717806/000095017025018724/0000950170-25-018724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717806/000095017025018724/fusb-20250210.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-018724

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer