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UBCP > SEC Filings for UBCP > Form 8-K on 23-Apr-2013All Recent SEC Filings

Show all filings for UNITED BANCORP INC /OH/ | Request a Trial to NEW EDGAR Online Pro



Results of Operations and Financial Condition, Change in Directors or Pri

Item 2.02. Results of Operations and Financial Condition.

On April 18, 2013, United Bancorp, Inc. issued a press release announcing the voting results from its annual meeting held on April 17, 2013, which press release also announced the Company's total assets and total shareholders' equity as of the three month period ended March 31, 2013, unaudited. The press release is furnished as Exhibit No. 99.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective April 17, 2013, Scott A. Everson was promoted to President of United Bancorp, Inc. Mr. Everson, age 45, graduated from Westminster College in 1990 with a Bachelor's Degree in Business Administration/Finance. Following one year of employment with Hewlett-Packard in the area of sales support, he joined The Citizens Savings Bank on a full-time basis and rose through the ranks of lending and retail banking to become the Senior Vice President of Retail Banking of the Bank and Senior Vice President and Chief Operating Officer of the Company in April 1999. In May 2002, he was appointed President and Chief Operating Officer and a Director of the Bank, becoming the Bank's Chief Executive Officer in November 2004. Mr. Everson was appointed to the Company's Board of Directors in August 2009 and was appointed the Company's Executive Vice President in April 2011. As of April 17, 2013, Mr. Everson serves as both President and Chief Operating Officer of the Company.

The Company has not entered into any additional compensation arrangements with Scott Everson in connection with this appointment. Since the beginning of the Company's last fiscal year, neither Mr. Everson nor any member of his immediate family have been customers of, or have had transactions in excess of $120,000 with the Company or any of its affiliated subsidiaries which would be reportable under Item 404(a) of SEC Regulation S-K, except with respect to loans made by the Bank in its ordinary course of business and on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and did not involve more than the normal risk of collectability or present other unfavorable features.

Effective April 17, 2013, James W. Everson resigned his position as President of United Bancorp, Inc. Mr. Everson retains his positions as Chairman of the Board of Directors and Chief Executive Officer of the Company. Mr. James W. Everson is the father of Mr. Scott A. Everson.

Item 5.07. Submission of Matters to a Vote of Securities Holders.

The Annual Meeting of Shareholders of United Bancorp, Inc. was held on April 17, 2013. The only matters decided by a vote of the shareholders were:

1. The election of the following Directors to a new term of office to serve until the next annual meeting of stockholders:

                                 Votes Cast          Votes             Broker
                                    For             Withheld         Non-Votes
        James W. Everson         2,844,055.60        79,378.63       1,562,966.60
        Scott A. Everson         2,801,339.50       122,094.72       1,562,966.60
        John M. Hoopingarner     2,842,431.66        81,002.56       1,562,966.60
        Samuel J. Jones          2,841,629.43        81,804.79       1,562,966.60
        Terry A. McGhee          2,842,881.66        80,552.56       1,562,966.60
        Richard L. Riesbeck      2,841,066.61        82,367.62       1,562,966.60
        Matthew C. Thomas        2,796,502.03       126,932.20       1,562,966.60

2. Advisory vote on the Ratification of Executive Compensation

              Votes Cast      Votes Cast         Votes            Broker
              For              Against         Abstained        Non-Votes
              2,726,958.17     156,330.33       40,145.72       1,562,966.60

3. Advisory vote on Frequency of Votes on Executive Compensation

                                                           Votes            Broker
        One Year      Two Years       Three Years        Abstained        Non-Votes
        878,947.98     51,958.31       1,934,674.17       57,583.77       1,562,966.60

4. The ratification of the Audit Committee's appointment of BKD, LLP to serve as the Company's Independent Registered Public Accounting Firm for the 2013 fiscal year.

                Votes Cast     Votes Cast         Votes          Broker
                For              Against        Abstained       Non-Votes
                4,404,319.57     11,733.47       70,347.78            0.00

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are furnished herewith:

                   Number    Exhibit Description

                   99        Press release dated April 18, 2013

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