First US Bancshares Announces Material Agreement, Director Changes

TL;DR

US Bancshares inked a big deal & shuffled execs/directors on Aug 27.

AI Summary

On August 27, 2025, First US Bancshares, Inc. announced several key events. The company entered into a material definitive agreement, and there were changes in its board of directors and officer appointments, including compensatory arrangements for certain officers. The filing also noted other events and financial statements/exhibits.

Why It Matters

This filing indicates significant corporate actions, including a new agreement and potential changes in leadership or compensation, which could impact the company's strategic direction and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements and changes in directors/officers can introduce uncertainty and potential shifts in strategy.

Key Players & Entities

• FIRST US BANCSHARES, INC. (company) — Registrant
• August 27, 2025 (date) — Date of earliest event reported
• 3291 U.S. Highway 280 Birmingham, Alabama 35243 (location) — Principal Executive Office Address

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value FUSB The Nasdaq Stock Mar

Filing Documents

• fusb-20250827.htm (8-K) — 65KB
• fusb-ex99_1.htm (EX-99.1) — 11KB
• 0000950170-25-111816.txt ( ) — 191KB
• fusb-20250827.xsd (EX-101.SCH) — 30KB
• fusb-20250827_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. The information set forth in Item 5.02(d)(5) of this Current Report on Form 8-K with respect to the Director Indemnification Agreement, dated as of August 27, 2025 (the "Indemnification Agreement"), by and between First US Bancshares, Inc. (the "Company") and S. Nathan Gordon is incorporated by reference into this Item 1.01.

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) Election of S. Nathan Gordon to the Board of Directors On August 27, 2025, the Board of Directors (the "Board") of the Company, upon the recommendation of the Board's Nominating and Corporate Governance Committee, voted unanimously to increase the size of the Board from eleven (11) to twelve (12) directors and to elect S. Nathan Gordon to fill the vacancy created by the increase in the size of the Board, effective as of August 27, 2025. Mr. Gordon will also serve on the Board of Directors of First US Bank, the Company's wholly owned banking subsidiary (the "Bank"). The Board of Directors of the Bank (the "Bank Board") appointed Mr. Gordon to serve on the following committees of the Bank Board: the Asset/Liability Committee, the Information Technology Steering Committee and the Retail, Operations and Compliance Committee. There are no arrangements or understandings between Mr. Gordon and any other person pursuant to which he was appointed to the positions with the Company and the Bank described above. The Board has affirmatively determined that Mr. Gordon is independent under Nasdaq listing standards and is otherwise qualified to serve on the Boards and the committees to which he has been appointed. Mr. Gordon will receive the compensation described in Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on May 8, 2025; provided, however, that the compensation of the Company's directors may be adjusted by the Board from time to time. Mr. Gordon will also be eligible to receive awards under the Company's 2023 Incentive Plan. The Bank has banking transactions in the ordinary course of the Bank's business with Mr. Gordon and his family members and entities with which they are associated. All loans

01 Other Events

Item 8.01 Other Events. On August 28, 2025, the Company issued a press release announcing the election of Mr. Gordon to the Boards of Directors of the Company and the Bank, which press release contains additional biographical information about Mr. Gordon. A copy of the press release is attached hereto as Exhibit 99.1.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit 10.1 Form of Director Indemnification Agreement (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 30, 2009) 99.1 Press Release, dated August 28, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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: August 28, 2025 FIRST US BANCSHARES, INC. By: /s/ James F. House Name: James F. House Chairman, President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR