UBFO » Topics » Persons Making the Solicitation

This excerpt taken from the UBFO DEF 14A filed Apr 17, 2009.

Persons Making the Solicitation

This solicitation of proxies is made by the board of directors of United Security Bancshares. The expense of preparing, assembling, printing and mailing this proxy statement and the materials used in the solicitation of proxies for the meeting will be borne by United Security Bancshares. It is contemplated that proxies will be solicited principally through the use of the mail, but directors, officers and employees of United Security Bancshares may solicit proxies personally or by telephone, without receiving special compensation.


This excerpt taken from the UBFO DEF 14A filed Apr 22, 2008.

Persons Making the Solicitation

        This solicitation of proxies is made by the board of directors of United Security Bancshares. The expense of preparing, assembling, printing and mailing this proxy statement and the materials used in the solicitation of proxies for the meeting will be borne by United Security Bancshares. It is contemplated that proxies will be solicited principally through the use of the mail, but directors, officers and employees of United Security Bancshares may solicit proxies personally or by telephone, without receiving special compensation.


Voting Securities

        There were issued and outstanding 11,833,566 shares of United Security Bancshares' common stock on March 28, 2008, which has been fixed as the record date for the purpose of determining shareholders entitled to notice of, and to vote at, the meeting. On any matter submitted to the vote of the shareholders, each holder of United Security Bancshares' common stock will be entitled to one vote, in person or by proxy, for each share of common stock he or she held of record on the books of United Security Bancshares as of the record date. In connection with the election of directors, shares may be voted cumulatively if a shareholder present at the meeting gives notice at the meeting, prior to the voting for election of directors, of his or her intention to vote cumulatively. If any shareholder of

1



United Security Bancshares gives such notice, then all shareholders eligible to vote will be entitled to cumulate their shares in voting for election of directors. Cumulative voting allows a shareholder to cast a number of votes equal to the number of shares held in his or her name as of the record date, multiplied by the number of directors to be elected. These votes may be cast for any one nominee, or may be distributed among as many nominees as the shareholder sees fit. If cumulative voting is declared at the meeting, votes represented by proxies delivered pursuant to this proxy statement may be cumulated in the discretion of the proxyholders, in accordance with management's recommendation. The effect of broker non-votes is that such votes are not counted as being voted; however such votes are counted for purposes of determining a quorum. The effect of a vote of abstention on any matter is that such vote is not counted as a vote for or against the matter, but is counted as an abstention.


Shareholdings of Certain

Beneficial Owners and Management

        Management of United Security Bancshares knows of no person who owns, beneficially or of record, either individually or together with associates, five percent (5%) or more of the outstanding shares of United Security Bancshares' common stock, except as set forth in the table below. The following table sets forth, as of March 15, 2008, the number and percentage of shares of United Security Bancshares' outstanding common stock beneficially owned, directly or indirectly, by each of United Security Bancshares' directors, named executive officers and principal shareholders and by the directors and executive officers of United Security Bancshares as a group. The shares "beneficially owned" are determined under Securities and Exchange Commission Rules, and do not necessarily indicate ownership for any other purpose. In general, beneficial ownership includes shares over which the director, named executive officer or principal shareholder has sole or shared voting or investment power and shares which such person has the right to acquire within 60 days of March 15, 2008. Unless otherwise indicated, the persons listed below have sole voting and investment powers of the shares beneficially owned. Management is not aware of any arrangements that may, at a subsequent date, result in a change of control of United Security Bancshares.

Beneficial Owner

  Amount and Nature of Beneficial Ownership
  Percent of Class(1)
Directors and Named Executive Officers:        
Robert G. Bitter, Pharm. D.    225,219 (2) 1.9
Rhodlee A. Braa   210,922 (3) 1.8
Stanley J. Cavalla   573,373 (4) 4.5
Kenneth L. Donahue   277,950 (5) 2.4
Tom Ellithorpe   194,770 (6) 1.7
David L. Eytcheson   170,313 (7) 1.4
R. Todd Henry   49,200 (8) *
Gary Hong   10,914   *
Ronnie D. Miller   174,283 (9) 1.5
Robert M. Mochizuki   73,164 (10) *
Walter Reinhard   503,309   4.3
William F. Scarborough   25,470 (11) *
John Terzian   191,251 (12) 1.6
Dennis R. Woods   803,430 (13) 6.8
Michael T. Woolf, D. D. S.    13,659   *
All Directors and Executive Officers as a Group
(15 in all)
  3,461,227   29.1

Principal Shareholder

 

 

 

 
Audry "Bobbi" Thomason   781,469 (14) 6.5

      *
      Less than one percent (1%).

2


      (1)
      Includes shares subject to options held by the directors and executive officers that were exercisable within 60 days of March 15, 2008. These are treated as issued and outstanding for the purpose of computing the percentage of each director, named executive officer and the directors and executive officers as a group, but not for the purpose of computing the percentage of class owned by any other person.

      (2)
      Dr. Bitter has shared voting powers as to powers as to 145,403 of these shares and shared investment powers as to 39,762 of these shares.

      (3)
      Mr. Braa has shared voting and investment powers as to 46,042.

      (4)
      Mr. Cavalla has shared voting and investment powers as to 366,173 of these shares.

      (5)
      Mr. Donahue has shared voting and investment powers as to 275,833 of these shares.

      (6)
      Mr. Ellithorpe has shared voting and investment powers as to 84,098 shares.

      (7)
      Mr. Eytcheson has shared voting and investment powers as to 170,313 of these shares.

      (8)
      Mr. Henry has 6,000 shares acquirable by exercise of stock options.

      (9)
      Mr. Miller has shared voting and investment powers as to 153,338 of these shares.

      (10)
      Mr. Mochizuki has shares voting and investment powers as to 65,164 shares and 8,000 shares acquirable by exercise of stock options.

      (11)
      Mr. Scarborough has shares voting and investment powers as to 1,420 shares and 24,000 shares acquirable by exercise of stock options

      (12)
      Mr. Terzian has shared voting and investment powers as to 82,640 of these shares. Mr. Terzian disclaims ownership of 2,400 shares that he has beneficial ownership as a custodian for minors.

      (13)
      Mr. Woods has shared voting and investment powers as to 684,993 of these shares, and has 20,000 shares acquirable by exercise of stock options. Mr. Woods disclaims ownership of 18,916 shares that he has beneficial ownership as a custodian for minors. Mr. Woods' address is c/o United Security Bancshares, 2126 Inyo Street, Fresno, California 93721.

      (14)
      Ms. Thomason's address is c/o United Security Bancshares, 2126 Inyo Street, Fresno, California 93721.
This excerpt taken from the UBFO DEF 14A filed Apr 13, 2007.

Persons Making the Solicitation

This solicitation of proxies is made by the board of directors of United Security Bancshares.  The expense of preparing, assembling, printing and mailing this proxy statement and the materials used in the solicitation of proxies for the meeting will be borne by United Security Bancshares.  It is contemplated that proxies will be solicited principally through the use of the mail, but directors, officers and employees of United Security Bancshares may solicit proxies personally or by telephone, without receiving special compensation.




This excerpt taken from the UBFO DEF 14A filed Apr 14, 2006.

Persons Making the Solicitation

 

This solicitation of proxies is being made by the board of directors of United Security Bancshares. The expense of preparing, assembling, printing and mailing this proxy statement and the materials used in the solicitation of proxies for the meeting will be borne by United Security Bancshares. It is contemplated that proxies will be solicited principally through the use of the mail, but directors, officers and employees of United Security Bancshares may solicit proxies personally or by telephone, without receiving special compensation.

 



 

This excerpt taken from the UBFO DEF 14A filed Apr 18, 2005.

Persons Making the Solicitation

 

This solicitation of proxies is being made by the board of directors of United Security Bancshares.  The expense of preparing, assembling, printing and mailing this proxy statement and the materials used in the solicitation of proxies for the meeting will be borne by United Security Bancshares.  It is contemplated that proxies will be solicited principally through the use of the mail, but directors, officers and employees of United Security Bancshares may solicit proxies personally or by telephone, without receiving special compensation.

 



 

"Persons Making the Solicitation" elsewhere:

The Bank Holdings (TBHS)
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