SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 28, 2015
UNITED BANCSHARES, INC.
(Exact name of Registrant as specified in its Charter)
Ohio | 000-29283 | 34-1516518 | ||
(State or other jurisdiction of incorporation) | (Commission File No.) | (IRS Employer Identification Number) | ||
100 S. High Street, Columbus Grove, Ohio | 45830-1241 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: |
| (419) 659-2141 | ||
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On June 4, 2015, United Bancshares, Inc. (the “Company”) issued a press release announcing that it has entered into a Rule 10b5-1 written repurchase plan with a broker for the purpose of repurchasing up to seventy thousand (70,000) shares of its common stock under the Company’s existing repurchase plan. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description |
|
|
|
| |
99.1 |
| Release date: June 4, 2015 | ||||
|
|
| ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
|
|
|
|
| United Bancshares, Inc. | |
| ||||||
Date: June 4, 2015 |
| By: /s/Brian D. Young | ||||
|
|
|
|
|
| Brian D. Young President & CEO, United Bancshares, Inc. |
Exhibit 99.1
On June 4, 2015, United Bancshares, Inc. issued the following release:
United Bancshares, Inc. Announces
Establishment of Rule 10b5-1 Share Repurchase Plan
Columbus Grove, Ohio, June 4, 2015 – United Bancshares, Inc. (NASDAQ: UBOH) announced today that on May 28, 2015, it entered into a written repurchase plan with a broker for the purpose of repurchasing up to seventy thousand (70,000) shares of its common stock under its existing repurchase plan and in accordance with the guidelines specified in Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The repurchase plan will take effect on June 15, 2015.
A plan under Rule 10b5-1 allows companies to repurchase shares when it might otherwise be prevented from doing so by securities laws or because of self-imposed trading blackout periods. The broker will have the authority under the terms and limitations specified in the plan to repurchase shares on the Company’s behalf in accordance with the terms of the plan. Because repurchases made under the plan are subject to SEC regulations as well as certain constraints specified in the plan, there is no assurance regarding the exact number of shares that will be repurchased under the plan.
United Bancshares, Inc. is the holding company of The Union Bank Company, which serves Allen, Delaware, Hancock, Marion, Putnam, Sandusky, Van Wert and Wood Counties in Ohio, with office locations in Bowling Green, Columbus Grove, Delphos, Findlay, Gibsonburg, Kalida, Leipsic, Lewis Center, Lima, Marion, Ottawa, and Pemberville, Ohio.
Contact:
Brian D. Young
President and CEO
United Bancshares, Inc.
100 South High Street
Columbus Grove, Ohio 45830
(419) 659-2141
Email: info@theubank.com