United Security Bancshares (UBFO) Proxy Filing summary

Executive summary

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

• Shareholders of record as of March 26, 2025, are eligible to vote in person or by proxy.

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

Voting matters and shareholder proposals

• Ten directors are nominated for election to serve until the 2026 Annual Meeting.

• Proposal to approve the 2025 Equity Incentive Award Plan covering 1,200,000 shares.

• Proposal to amend the Articles of Incorporation to increase authorized common shares from 20,000,000 to 50,000,000.

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

• Advisory vote on executive compensation (say-on-pay).

Board of directors and corporate governance

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

• Eight of ten directors are independent under NASDAQ standards.

• The board has committees for audit, compensation, governance/nomination, IT, loans, ALCO, and 401(k).

• The Lead Director is independent and leads executive sessions without the CEO.

• Board diversity includes gender, ethnic, and professional diversity.