8-K
filed April 28, 2023, 7:59 PM ET
ticker FUSB
CIK 0000717806
other
confidence high
sentiment neutral
materiality 0.30
Shareholders approve 2023 Incentive Plan and elect all 11 directors at annual meeting
FIRST US BANCSHARES, INC.
- All 11 director nominees elected with votes for ranging from 2,753,026 to 2,811,670; broker non-votes of 1,050,709.
- 2023 Incentive Plan approved: 2,720,866 for, 481,700 against, 30,124 abstain.
- Auditor Carr, Riggs & Ingram LLC ratified for FY 2023: 4,219,577 for, 56,421 against.
- Advisory say-on-pay approved: 2,691,178 for, 517,422 against; frequency vote favored every year (2,757,076).
- Company will disclose frequency determination for future say-on-pay votes after next Board meeting.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRST US BANCSHARES, INC. shareholders approved Advisory Approval of Executive Compensation at the 2023-04-27 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal 4 – Advisory Approval of Executive Compensation. The shareholders adopted a resolution approving, on an advisory basis, the compensation paid to the Company’s named executive officers, as disclosed in the Company’s 2023 Proxy Statement pursuant to the compensation disclosure rules of the Commission. The result of the vote taken at the Annual Meeting was as follows: Votes For Votes Against Abstain Broker Non-Votes 2,691,178 517,422 24,091 1,050,709
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRST US BANCSHARES, INC. shareholders approved Approval of the First US Bancshares, Inc. 2023 Incentive Plan at the 2023-04-27 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal 2 – Approval of the First US Bancshares, Inc. 2023 Incentive Plan . The shareholders approved the 2023 Incentive Plan. The result of the vote taken at the Annual Meeting was as follows: Votes For Votes Against Abstain Broker Non-Votes 2,720,866 481,700 30,124 1,050,709
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRST US BANCSHARES, INC. shareholders approved Ratification of the Appointment of Carr, Riggs & Ingram, LLC as the Company’s Independent Registered Public Accountants for the Year Ending December 31, 2023 at the 2023-04-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal 3 – Ratification of the Appointment of Carr, Riggs & Ingram, LLC as the Company’s Independent Registered Public Accountants for the Year Ending December 31, 2023. The shareholders ratified the appointment of Carr, Riggs & Ingram, LLC as the Company’s independent registered public accountants for the year ending December 31, 2023. The result of the vote taken at the Annual Meeting was as follows: Votes For Votes Against Abstain 4,219,577 56,421 7,401
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRST US BANCSHARES, INC. shareholders voted on Advisory Vote on Frequency of Say-on-Pay Vote at the 2023-04-27 meeting.
- Proposal
- say on pay frequency
- Meeting
- 2023-04-27
Exact text from the filing
Proposal 5 – Advisory Vote on Frequency of Say-on-Pay Vote . The result of the vote taken at the Annual Meeting to select, on an advisory basis, the frequency of future shareholder advisory votes to approve the compensation paid to the Company’s named executive officers was as follows: Every Year Every Two Years Every Three Years Abstain Broker Non-Votes 2,757,076 237,508 131,578 106,528 1,050,709
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRST US BANCSHARES, INC. shareholders approved Election of Directors at the 2023-04-27 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal 1 – Election of Directors. The shareholders elected each of the director nominees to serve as directors during the ensuing year. The voting for the directors at the Annual Meeting was as follows: Name Votes For Withhold Authority Broker Non-Votes Robert Stephen Briggs 2,807,473 425,217 1,050,709 Sheri S. Cook 2,769,894 462,796 1,050,709 John C. Gordon 2,811,670 421,020 1,050,709 David P. Hale 2,753,026 479,664 1,050,709 James F. House 2,786,015 446,675 1,050,709 Marlene M. McCain 2,780,803 451,887 1,050,709 J. Lee McPhearson 2,795,875 436,815 1,050,709 Jack W. Meigs 2,758,324 474,366 1,050,709 Aubrey S. Miller 2,757,323 475,367 1,050,709 Donna D. Smith 2,781,173 451,517 1,050,709 Bruce N. Wilson 2,769,275 463,415 1,050,709
View on SEC.gov
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