United Security Bancshares (UBFO) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held on May 21, 2025, to vote on director elections, an equity incentive plan, an amendment to increase authorized shares, auditor ratification, and a say-on-pay advisory vote.

• Shareholders of record as of March 26, 2025, are eligible to vote in person or by proxy, with cumulative voting available for director elections.

• Proxy materials, including the annual report and proxy statement, are available online and by request.

Voting matters and shareholder proposals

• Election of ten directors to serve until the 2026 Annual Meeting.

• Approval of the 2025 Equity Incentive Award Plan covering 1,200,000 shares.

• Amendment to increase authorized common shares from 20,000,000 to 50,000,000.

• Ratification of Moss Adams LLP as independent auditors for 2025.

• Non-binding advisory vote on executive compensation (say-on-pay).

• Shareholder proposals for the 2026 meeting must be received by December 9, 2025.

Board of directors and corporate governance

• Board consists of ten nominees with diverse backgrounds in business, technology, finance, and community leadership.

• Eight of ten directors are independent; the board includes a Lead Independent Director.

• Committees include Audit, Compensation, Corporate Governance/Nominating, and others, all with independent members.

• Board diversity includes gender, ethnic, and professional diversity, with three women and representation from multiple ethnic groups.

• The board held nine meetings in 2024; most directors attended at least 75% of meetings.