United Bancshares Inc DEFA14A, filed Apr 2, 2020
United Bancshares Inc (UBOH)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
|
☐ |
Preliminary Proxy Statement |
|
☐ |
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
|
☐ |
Definitive Proxy Statement |
|
☒ |
Definitive Additional Materials |
|
☐ |
Soliciting Material under § 240.14a-12 |
|
United Bancshares, Inc. |
|
(Name of Registrant as Specified in Charter) |
(Name of Person(s) Filing Proxy Statement, if other than the Registrant): N/A
Payment of Filing Fee (Check the appropriate box)
|
☒ |
No fee required |
|
☐ |
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
1) Title of each class of securities to which transaction applies: N/A
2) Aggregate number of securities to which transaction applies: N/A
3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): N/A
4) Proposed maximum aggregate value of transaction: N/A
5) Total fee paid: N/A
☐ Fee paid previously with preliminary materials.
☐ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
1) Amount previously paid: N/A
2) Form, Schedule or Registration Statement No.: N/A
3) Filing Party: N/A
4) Date filed: N/A
www.theubank.com
419-659-2141
April 2, 2020
Re: Annual Meeting
Dear Fellow Shareholders:
I am writing today concerning the upcoming Annual Meeting for United Bancshares, Inc., which is scheduled for Wednesday, April 22, 2020.
All of us have been impacted by the Coronavirus (“COVID-19”) in our personal, business and community lives. The same is true for United Bancshares Inc. While we continue to serve our clients during this time of crisis, our number one priority remains the protection of our clients, team members, and communities through the reduction of the potential spread of COVID-19.
After much deliberation, the Board of the Company has decided to still hold our Annual Meeting as scheduled at 10:30 A.M. on April 22nd. However, in light of the restrictions on gatherings of greater than 10 persons, our meeting will be significantly different than in past years. Please note the following:
|
● |
We will not be serving refreshments in connection with the meeting. |
|
● |
We will not have a presentation concerning the results from 2019 and the outlook for 2020. |
|
● |
The items currently to be considered at the meeting are the election of directors and the ratification of the appointment of auditors. |
|
● |
We expect that the official business meeting will last no more than 10 minutes, subject to questions. |
In light of the serious nature and health risks from the spreading of COVID-19 in large gatherings, we are taking the very unusual step of asking that you seriously consider not attending the Annual Meeting. While we need to hold an annual meeting to fulfill the Company’s legal obligations, we can accomplish those requirements through voting by proxy with only a small group of directors and officers present. Therefore, we ask that you promptly return your proxy or vote by phone or electronically as described in the proxy materials provided to you so that the two matters discussed above can be approved
The health and safety of our shareholders, as well as customers and employees, is of utmost importance to us and we appreciate your cooperation and support during these unusual and challenging times. We look forward to seeing you in person at next year’s annual meeting. In the interim, if you have any questions, feel free to contact us or anyone at United Bancshares Inc. (419-659-2141). Please remain healthy and safe
Respectfully,
/s/ Brian D. Young
Brian D. Young
President & CEO