8-K

UNITED STATES

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): November 22, 2017

UNITED BANCORP, INC.

(Exact name of registrant as specified in its charter)

Ohio	0-16540	34-1405357
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
201 South 4th Street, Martins Ferry, Ohio		43935-0010
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (740) 633-0445

(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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 8.01. Other Events.

On November 27, 2017, Registrant issued a press release announcing the declaration by its Board of Directors on November 22, 2017 of the Company’s fourth quarter cash dividend of $0.12 per common share, which is payable on December 20, 2017 to shareholders of record on December 8, 2017. In addition to this regular cash dividend, the Board of Directors approved a special dividend of $0.05 per common share, which will be payable on December 29, 2017 to shareholders of record on December 8, 2017. A copy of Registrant’s press release is furnished as Exhibit 99.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are furnished herewith:

Exhibit Number	Exhibit Description
99	Registrant’s press release, dated November 27, 2017

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 hereunto duly authorized.

Dated: November 27, 2017	UNITED BANCORP, INC.
	/s/ Scott A. Everson
	Scott A. Everson
	President & Chief Executive Officer

EX-99

Exhibit 99

PRESS RELEASE

United Bancorp, Inc. 201 South 4th at Hickory Street, Martins Ferry, OH 43935

Contacts:	Scott A. Everson	Randall M. Greenwood
	President and CEO	Senior Vice President, CFO and Treasurer
	(740) 633-0445, ext. 6154	(740) 633-0445, ext. 6181
	ceo@unitedbancorp.com	cfo@unitedbancorp.com

FOR IMMEDIATE RELEASE:             11:00 AM             November 27, 2017

United Bancorp, Inc. Declares a Quarterly Cash Dividend of $0.12 per Common Share Producing a Forward Yield of 4.00% and Announces a Special Dividend Payment of $0.05 per Common Share

MARTINS FERRY, OHIO ◆◆◆ On November 22, 2017, the Board of Directors of United Bancorp, Inc. (UBCP) declared a fourth quarter cash dividend of $0.12, which is payable on December 20, 2017, to shareholders of record on December 8, 2017. At this level, the regular cash dividend produces a forward yield of 4.00% based on the market value at the most recent quarter end and represents an increase during the current year of $0.04, or 9.52%, over the regular cash dividend payout in 2016.

In addition to this regular cash dividend payment, the Board of Directors of United Bancorp, Inc. approved a special dividend of $0.05 per common share, which will be payable on December 29, 2017, to shareholders of record on December 8, 2017. The United Bancorp, Inc. Board of Directors approved this special cash dividend based on the Company’s solid earnings and strong capital position. With the regular cash dividend and this special dividend payout, United Bancorp, Inc. will pay total cash dividends of $0.51 per common share in 2017.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $454.5 million and total shareholder’s equity of $44.1 million as of September 30, 2017. Through its single bank charter, Unified Bank, the Company has eighteen banking offices that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas. The Company also operates a Loan Production Office in Wheeling, WV. United Bancorp, Inc. is a part of the Russell Microcap Index and trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.