Anderson Group Discloses 144,852 Share Stake in First US Bancshares

TL;DR

**The Anderson Group now controls 144,852 shares of FUSB, signaling potential influence.**

AI Summary

Charles C. Anderson, along with the Anderson Group (including ANDERSON CBP LLC, Harold M. Anderson, and Terrence Anderson), has filed an SC 13D indicating beneficial ownership of 144,852 shares of First US Bancshares, Inc. (FUSB) common stock as of December 26, 2023. This represents a significant stake, giving the group shared voting power over these shares. This matters to investors because a large, coordinated ownership group could influence company decisions, potentially leading to strategic changes or increased shareholder advocacy.

Why It Matters

A substantial stake held by a group like the Andersons could signal potential activist involvement or a desire to influence the company's direction, impacting future stock performance.

Risk Assessment

Risk Level: medium — The filing indicates a significant ownership stake by a group, which could lead to either positive strategic changes or potential disagreements with current management.

Analyst Insight

Investors should monitor future filings and news from First US Bancshares, Inc. and the Anderson Group for any indications of activist intent or proposed changes, as this significant stake could lead to strategic shifts.

Key Numbers

• 144,852 — Shares Beneficially Owned (Represents the total shares over which the Anderson Group has shared voting power.)
• $0.01 — Par Value per Share (The stated par value of First US Bancshares, Inc. common stock.)
• December 26, 2023 — Date of Event (The date that triggered the requirement for this SC 13D filing.)

Key Players & Entities

• Charles C. Anderson (person) — reporting person and member of the Anderson Group
• First US Bancshares, Inc. (company) — the issuer of the securities
• ANDERSON CBP LLC (company) — member of the Anderson Group
• Harold M. Anderson (person) — member of the Anderson Group
• Terrence Anderson (person) — member of the Anderson Group
• 144,852 (dollar_amount) — number of shares beneficially owned with shared voting power

Forward-Looking Statements

• The Anderson Group will seek to engage with First US Bancshares, Inc. management regarding strategic direction. (First US Bancshares, Inc.) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• fusb_sc13d.htm (SC 13D) — 79KB
• fusb_ex991.htm (EX-99.1) — 7KB
• 0001654954-24-000245.txt ( ) — 88KB

Security and Issuer

Item 1. Security and Issuer This statement on Schedule 13D (the "Statement") relates to the common stock, par value $0.01 per share (the "Common Stock"), of First US Bancshares, Inc., a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 3291 U.S. Highway 280, Birmingham, AL 35243.

Identity and Background

Item 2. Identity and Background (a) This Statement is being filed jointly by Charles C. Anderson, Harold M. Anderson, Terrence Anderson (collectively the "Reporting Persons"), and Anderson CBP LLC ("Reporting Entity"). (b) The business address of Charles C. Anderson is 202 North Court Street, Florence, Alabama 35630. The business address of Harold M. Anderson is 3101 Clairmont Road, Suite C, Atlanta, GA 30329. The business address of Terrence Anderson is 4511 Helton Drive, Florence, AL 35630. The business address of Anderson CBP LLC is 202 North Court Street, Florence, AL 35630. (c) The principal occupation of Charles C. Anderson is Managing Member of Anderson & Anderson, LLC. The principal occupation of Harold M. Anderson is Chief Executive Officer of Anderson Press, Inc., a specialty book publishing company. The principal occupation of Terrence Anderson is Chief Executive Officer of American Promotional Events, a fireworks importer and distributor. (d)-(e) During the last five years, none of the Reporting Persons nor any executive officer of the Reporting Entity has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Each of the Reporting Persons is a citizen of the United States. The Reporting Entity is a limited liability company organized under the laws of the State of Alabama. Charles C. Anderson is the sole member, sole manager, and only executive officer of the Reporting Entity.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration The Reporting Persons and Reporting Entity, who are beneficial owners of Common Stock of the Issuer are filing this Schedule 13D to report the acquisition of beneficial ownership of the Issuer's Common Stock on December 26, 2023. All purchases were funded with cash on hand or personal funds.

Purpose of Transaction

Item 4. Purpose of Transaction The securities of the Issuer acquired by the Reporting Persons and Reporting Entity were acquired for investment purposes. Depending upon market conditions and other factors that each of the Reporting Persons and the Reporting Entity may deem material to his or its investment decision, such Reporting Person or Reporting Entity may make purchases of Common Stock from time to time and may dispose of any or all of the shares of Common Stock held by him or it at any time. The Reporting Persons or Reporting Entity may from time to time review or reconsider their respective positions with respect to the Issuer or formulate plans or proposals with respect to any matter referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D, but have no present intention of doing so. CUSIP No. 33744V 103 Page 7 of 8

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a), (b) and (c). Charles C. Anderson has beneficial ownership of 144, 852 shares of Common Stock, Harold M. Anderson has beneficial ownership of 132,500 shares of Common Stock, Terrence Anderson has beneficial ownership of 30,801 shares of Common Stock, and Anderson CBP LLC has beneficial ownership of 144,852 shares. Charles C. Anderson has shared power to vote and shared power to dispose of 144,852 shares of Common Stock (representing 2.5% of the outstanding Common Stock). Harold M. Anderson has sole power to vote and sole power to dispose of 132,500 shares of Common Stock (representing 2.3% of the outstanding Common Stock). Terrence Anderson has sole power to vote and sole power to dispose of 30,801 shares of Common Stock (representing 0.5% of the outstanding Common Stock). Anderson CBP LLC has shared power to vote and shared power to dispose of 144,852 shares of Common Stock (representing 2.5% of the outstanding Common Stock). The aggregate beneficial ownership of all Reporting Persons and the Reporting Entity is 308,153 shares of Common Stock, constituting 5.4% of the outstanding class. Percentages set forth in this Item 5 are based on 5,874,781 shares of Common Stock outstanding as of November 6, 2023, as reported in the Issuer's Form 10-Q filed with the SEC on November 8, 2023, reduced by 137,000 shares that were repurchased by the Issuer on December 26, 2023, as reported in the Issuer's Form 8-K filed with the SEC on December 26, 2023, for a total of 5,737,781 shares. (d) Not applicable. (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Not applicable.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits Exhibit No. Description 99.1 Joint Filing Agreement CUSIP No. 33744V 103 Page 8 of 8

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: January 5, 2024 /s/ Charles C. Anderson Charles C. Anderson /s/ Harold M. Anderson Harold M. Anderson /s/ Terrence Anderson Terrence Anderson Anderson CBP LLC By: /s/ Charles C. Anderson Name: Charles C. Anderson Title: Sole Member and Manager

View Full Filing

View this SC 13D filing on SEC EDGAR