FIRST US BANCSHARES, INC. : Change in Directors or Principal Officers, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

The Board of Directors (the "Board") of First US Bancshares, Inc. (the "Company") adopted the First US Bancshares, Inc. 2023 Incentive Plan (the "2023 Incentive Plan") on February 22, 2023 and submitted the 2023 Incentive Plan for shareholder approval at the 2023 Annual Meeting of Shareholders of the Company on April 27, 2023 (the "Annual Meeting"). The Company's shareholders approved the 2023 Incentive Plan at the Annual Meeting.

The description of the terms of the 2023 Incentive Plan contained herein and in the Company's Proxy Statement on Schedule 14A (the "2023 Proxy Statement") filed with the Securities and Exchange Commission (the "Commission") on March 23, 2023 is qualified in its entirety by the copy of the 2023 Incentive Plan, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

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

The Company's Annual Meeting was held on April 27, 2023. Summarized below are descriptions of the matters voted on at the Annual Meeting and the final results of such voting:

Proposal 1 - Election of Directors. The shareholders elected each of the director nominees to serve as directors during the ensuing year. The voting for the directors at the Annual Meeting was as follows:

Name                    Votes For   Withhold Authority   Broker Non-Votes
Robert Stephen Briggs   2,807,473        425,217            1,050,709
Sheri S. Cook           2,769,894        462,796            1,050,709
John C. Gordon          2,811,670        421,020            1,050,709
David P. Hale           2,753,026        479,664            1,050,709
James F. House          2,786,015        446,675            1,050,709
Marlene M. McCain       2,780,803        451,887            1,050,709
J. Lee McPhearson       2,795,875        436,815            1,050,709
Jack W. Meigs           2,758,324        474,366            1,050,709
Aubrey S. Miller        2,757,323        475,367            1,050,709
Donna D. Smith          2,781,173        451,517            1,050,709
Bruce N. Wilson         2,769,275        463,415            1,050,709

Proposal 2 - Approval of the First US Bancshares, Inc. 2023 Incentive Plan. The shareholders approved the 2023 Incentive Plan. The result of the vote taken at the Annual Meeting was as follows:

Votes For Votes Against Abstain Broker Non-Votes 2,720,866 481,700 30,124 1,050,709

Proposal 3 - Ratification of the Appointment of Carr, Riggs & Ingram, LLC as the Company's Independent Registered Public Accountants for the Year Ending December 31, 2023. The shareholders ratified the appointment of Carr, Riggs & Ingram, LLC as the Company's independent registered public accountants for the year ending December 31, 2023. The result of the vote taken at the Annual Meeting was as follows:

Votes For   Votes Against   Abstain
4,219,577      56,421        7,401

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Proposal 4 - Advisory Approval of Executive Compensation. The shareholders adopted a resolution approving, on an advisory basis, the compensation paid to the Company's named executive officers, as disclosed in the Company's 2023 Proxy Statement pursuant to the compensation disclosure rules of the Commission. The result of the vote taken at the Annual Meeting was as follows:

Votes For Votes Against Abstain Broker Non-Votes 2,691,178 517,422 24,091 1,050,709

Proposal 5 - Advisory Vote on Frequency of Say-on-Pay Vote. The result of the vote taken at the Annual Meeting to select, on an advisory basis, the frequency of future shareholder advisory votes to approve the compensation paid to the Company's named executive officers was as follows:

Every Every Every

Year Two Years Three Years Abstain Broker Non-Votes 2,757,076 237,508 131,578 106,528 1,050,709

The Company expects to publicly disclose by an amendment to this Current Report on Form 8-K, promptly after the next regularly scheduled meeting of the Board, its determination as to the frequency with which future advisory votes on executive compensation will be held.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
  No.      Description of Exhibit

 10.1        First US Bancshares, Inc. 2023 Incentive Plan

104.1      Cover Page Interactive Data File (embedded within the Inline XBRL document)

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