First US Bancshares adopts annual say-on-pay vote after shareholder approval

FIRST US BANCSHARES, INC.

At the 2023 annual meeting, a majority of votes cast favored an annual say-on-pay frequency, as recommended by the board.
Board of Directors determined to hold advisory say-on-pay vote every year until next frequency vote.
Next shareholder advisory vote on say-on-pay frequency will occur no later than 2029.

item 5.07

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.4

FIRST US BANCSHARES, INC. shareholders approved Advisory vote on the frequency of future say-on-pay votes.

Proposal: say on pay frequency
Outcome: passed

Exact text from the filing

a majority of the votes cast on the frequency proposal were cast in favor of holding an annual say-on-pay vote, which was also the frequency recommended to the shareholders by the Company’s Board of Directors

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FIRST US BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-152994

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