SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
February
08, 2010
Date of
Report (Date of earliest event reported)
UNITED
SECURITY BANCSHARES
(Exact
Name of Registrant as Specified in its Charter
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000-32987
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91-2112732
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(Commission
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(IRS
Employer
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File
Number)
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Identification
No.)
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2126
Inyo Street, Fresno, CA
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93721
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(Address
of Principal Executive Office)
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(Zip
Code)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[
] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[
] Soliciting material pursuant to Rule 14a12 under the
Exchange Act (17 CFR 240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
Departure
of Certain Officers
Effective
February 8, 2010, United Security Bancshares (the “Company”) and United
Security Bank (the “Bank”) announced that Ken Donahue, longtime Senior Vice
President and CFO of the Company and the Bank, was promoted within the Company
and will be replaced as CFO from within the Company.
Appointment
of Certain Officers
Effective
February 8, 2010, United Security Bancshares (the “Company”) and United
Security Bank (the “Bank”) announced that Ken Donahue, longtime Senior Vice
President and CFO of the Company and the Bank, will assume the duties of the
newly created position of Executive Vice President and Chief Administrative
Officer.
.
Effective
February 8, 2010, the Company and the Bank appointed Richard Shupe as Senior
Vice President and CFO of Company and the Bank. Mr. Shupe was
previously Vice President and Controller of the Company and the
Bank.
The press
release issued on February 10, 2010, by the Company announcing the
appointments of Mr. Donahue and Mr. Shupe is attached hereto as
Exhibit 99.1 and is incorporated herein by reference in its
entirety.
Mr. Donahue’s
annual base salary was increased to $190,000 per year. Mr. Shupe’s annual base
salary was increased to $150,000 per year and Mr. Shupe additionally was granted
an incentive stock option to purchase 25,000 shares vesting at 20% per year over
the next ten
years. .
Item 9.01 Financial Statements and
Exhibits
99.1
Press Release of United Security Bancshares dated February 10,
2010.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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United
Security Bancshares
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By:
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/s/ Ken
Donahue |
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Ken
Donahue
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Executive
Vice President
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Chief
Administrative Officer
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