United Security Bancshares Corrects 10-K Filing Errors
Ticker: UBFO · Form: 10-K/A · Filed: Nov 6, 2024 · CIK: 1137547
| Field | Detail |
|---|---|
| Company | United Security Bancshares (UBFO) |
| Form Type | 10-K/A |
| Filed Date | Nov 6, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, filing-correction, regulatory
TL;DR
Bank fixed a typo in its annual report exhibits, no new info.
AI Summary
United Security Bancshares filed an amendment (10-K/A) on November 6, 2024, to correct its original Form 10-K filed on March 26, 2024. The amendment corrects specific exhibits (31.1, 31.2, 32.1, and 32.2) that mistakenly referenced a quarterly report (Form 10-Q) instead of the annual report (Form 10-K) for the year ended December 31, 2023. No other information in the original filing is updated.
Why It Matters
This filing is a procedural correction, ensuring regulatory compliance by fixing incorrect exhibit references in a previous annual report.
Risk Assessment
Risk Level: low — This is a routine amendment to correct exhibit references and does not introduce new financial information or risks.
Key Numbers
- 2023 — Fiscal Year End (The amendment pertains to the annual report for the year ended December 31, 2023.)
Key Players & Entities
- UNITED SECURITY BANCSHARES (company) — Filer
- 20231231 (date) — Fiscal year end
- 20241106 (date) — Filing date of amendment
- March 26, 2024 (date) — Original 10-K filing date
- Exhibits 31.1, 31.2, 32.1, and 32.2 (document) — Exhibits with incorrect references
FAQ
What specific exhibits were corrected in this amendment?
Exhibits 31.1, 31.2, 32.1, and 32.2 were corrected.
What was the nature of the error in the original filing?
The exhibits mistakenly referred to a Quarterly Report on Form 10-Q instead of the Annual Report on Form 10-K for the year ended December 31, 2023.
Does this amendment update any other financial information from the original 10-K?
No, this amendment does not amend or update any other information in the Original Form 10-K.
When was the original Form 10-K filed?
The original Form 10-K was filed on March 26, 2024.
What is the filing date of this amendment?
This amendment was filed on November 6, 2024.
Filing Stats: 1,733 words · 7 min read · ~6 pages · Grade level 12.4 · Accepted 2024-11-06 17:03:42
Filing Documents
- ubfo-20231231.htm (10-K/A) — 81KB
- ubfo-20231231exhibit3111.htm (EX-31.1) — 9KB
- ubfo-20231231exhibit3121.htm (EX-31.2) — 9KB
- ubfo-20231231exhibit3211.htm (EX-32.1) — 3KB
- ubfo-20231231exhibit3221.htm (EX-32.2) — 3KB
- 0001137547-24-000166.txt ( ) — 289KB
- ubfo-20231231.xsd (EX-101.SCH) — 2KB
- ubfo-20231231_lab.xml (EX-101.LAB) — 30KB
- ubfo-20231231_pre.xml (EX-101.PRE) — 18KB
- ubfo-20231231_htm.xml (XML) — 6KB
– Exhibits and Financial Statement Schedules
Item 15 – Exhibits and Financial Statement Schedules 5
SIGNATURES
SIGNATURES 8 4 Part IV
- Exhibits and Financial Statement Schedules
Item 15 - Exhibits and Financial Statement Schedules (a)(1) Financial Statements The following Consolidated Financial Statements are set forth in "Item 8. Financial Statements and Supplementary Data" of this Report. Report of Independent Registered Public Accounting Firm Consolidated Balance Sheets - December 31, 2023 and 2022 Consolidated Statements of Income - Years Ended December 31, 2023 and 2022 Consolidated Statements of Comprehensive Loss - Years Ended December 31, 2023 and 2022 Consolidated Statements of Changes in Shareholders' Equity - Years Ended December 31, 2023 and 2022 Consolidated Statements of Cash Flows - Years Ended December 31, 2023 and 2022
Notes to Consolidated Financial Statements
Notes to Consolidated Financial Statements (a)(2) Financial Statement Schedules All financial statement schedules are omitted because they are not applicable or not required or because the information is included in the financial statements or notes thereto or is not material. 5 (a)(3) Exhibits 3.1 Articles of Incorporation of Registrant (1) 3.1.1 Amended Articles of Incorporation * 3.2 Bylaws of Registrant (1) 4.1 Specimen common stock certificate of United Security Bancshares (1) 10.1 Amended and Restated Executive Salary Continuation Agreement for Dennis Woods (2) 10.2 Amended and Restated Employment Agreement for Dennis R. Woods (5) 10.3 Amended and Restated Executive Salary Continuation Agreement for David Eytcheson (2) 10.4 Amended and Restated Change in Control Agreement for David Eytcheson (5) 10.5 USB 2005 Stock Option Plan (3) 10.6 United Security Bancshares 2015 Equity Incentive Award Plan (4) 10.7 Executive Salary Continuation Agreement for Bhavneet Gill (5) 10.8 Executive Salary Continuation Agreement for William Yarbenet (5) 10.9 Employment Agreement for William Yarbenet (5) 10.10 Change in Control Agreement for Robert Oberg (6) 10.11 Executive Salary Continuation Agreement for Robert Oberg (6) 10.12 Information Technology Engagement Letter with Mahmood, LLC, Dated June 29, 2022 (8) 10.13 Employment Agreement for David Kinross (7) 11.1 Computation of earnings per share. See Note 17 to Consolidated Financial Statements set forth in "Item 8. Financial Statements and Supplementary Data" of this Report. * 6 21.1 Subsidiaries of the Company * 23.1 Consent of Moss Adams LLP, Independent Registered Public Accounting Firm * 31.1 Certification of the Chief Executive Officer of United Security Bancshares pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith) 31.2 Certification of the Chief Financial Officer of United Security Bancshares pursuant to Section 302 of the
Signatures
Signatures Pursuant to the requirements of Section 13 or 15(d) 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 Security Bancshares November 6, 2024 /s/ Dennis R. Woods Dennis R. Woods President and Chief Executive Officer November 6, 2024 /s/ David A. Kinross David A. Kinross Senior Vice President and Chief Financial Officer 8