United Security Bancshares (NASDAQ: UBFO) investors back merger and adjournment

Rhea-AI Filing Summary

United Security Bancshares reported results of a special meeting of shareholders held on March 30, 2026. Shareholders representing 12,019,562 shares, or 68.27% of the 17,604,923 issued and outstanding shares entitled to vote, were present, establishing a quorum.

Shareholders approved the principal terms of the Agreement and Plan of Merger dated December 16, 2025, between Community West Bancshares and United Security Bancshares, under which United Security Bancshares will merge with and into Community West Bancshares. They also approved a proposal to adjourn the special meeting if needed to solicit additional proxies in support of the merger.

Insights

Bank M&A and governance analyst

Shareholders approved the planned merger and related procedural flexibility.

The filing shows United Security Bancshares shareholders formally backing the merger with Community West Bancshares. Support was strong: 11,928,445 shares voted for the merger versus 65,144 against and 25,973 abstentions, with a 68.27% turnout of shares entitled to vote.

The adjournment proposal also passed, with 11,880,814 shares in favor. This approval structure confirms shareholder authorization of the merger terms and preserves flexibility to extend voting if needed, aligning governance with the previously announced strategic combination.

8-K Event Classification

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

1 item

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

Results of a shareholder vote on proposals at an annual or special meeting.

Key Figures

Shares represented: 12,019,562 shares Shares entitled to vote: 17,604,923 shares Quorum percentage: 68.27% +4 more

7 metrics

Shares represented 12,019,562 shares Represented and voted at special meeting

Shares entitled to vote 17,604,923 shares Issued and outstanding shares entitled to vote

Quorum percentage 68.27% Shares represented as a percentage of shares entitled to vote

Votes for merger agreement 11,928,445 shares For approval of the merger agreement

Votes against merger agreement 65,144 shares Against approval of the merger agreement

Votes for adjournment 11,880,814 shares For adjournment of the special meeting

Votes against adjournment 98,285 shares Against adjournment of the special meeting

Key Terms

special meeting of shareholders, Agreement and Plan of Merger, quorum, adjournment of the special meeting

4 terms

special meeting of shareholders financial

"On March 30, 2026, United Security Bancshares held a special meeting of shareholders."

Agreement and Plan of Merger financial

"approved the principal terms of the Agreement and Plan of Merger, dated as of December 16, 2025"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

quorum financial

"constituting 68.27% of the 17,604,923 issued and outstanding shares entitled to vote at the meeting, constituting a quorum."

A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.

adjournment of the special meeting financial

"approved the adjournment of the special meeting to permit further solicitation of proxies"

Understanding 8-K Material Events →

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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

March 30, 2026

Date of Report (Date of earliest event reported)

UNITED SECURITY BANCSHARES

(Exact Name of Registrant as Specified in its Charter)

California

(State or Other Jurisdiction of Incorporation)

000-32987						91-2112732
(Commission File Number)						(I.R.S. Employer Identification No.)
2126 Inyo Street, Fresno, California						93721
(Address of principal executive offices)						(Zip Code)

559-490-6261

(Registrant’s Telephone Number, Including Area Code)

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, no par value			UBFO			NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

Item 5.07 Submission of Matters to a Vote of Security Holders

On March 30, 2026, United Security Bancshares (the “Company”) held a special meeting of shareholders. A total of 12,019,562 shares were represented and voted at the meeting, constituting 68.27% of the 17,604,923 issued and outstanding shares entitled to vote at the meeting, constituting a quorum. At the special meeting, the Company’s shareholders (i) approved the principal terms of the Agreement and Plan of Merger, dated as of December 16, 2025, between Community West Bancshares (“CWB”) and United Security Bancshares (“USB”), pursuant to which USB will merge with and into CWB, and the transactions contemplated therein, and (ii) approved the adjournment of the special meeting to permit further solicitation of proxies in the event that an insufficient number of votes were cast to approve the merger proposal. The following are the voting results of each matter submitted to the Company’s shareholders at the special meeting, both of which proposals were approved:

1.Approval of the Merger Agreement:

For						Against						Abstain						Non-Votes
11,928,445						65,144						25,973						—

2.    Adjournment of the Special Meeting:

For						Against						Abstain						Non-Votes
11,880,814						98,285						40,463						—

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

									United Security Bancshares
Date:			March 31, 2026						By: /s/ David A. Kinross
									David A. Kinross
									Senior Vice President and Chief Financial Officer

2

FAQ

What did United Security Bancshares (UBFO) shareholders approve at the special meeting?

Shareholders approved the principal terms of the Agreement and Plan of Merger between Community West Bancshares and United Security Bancshares. They also approved a proposal allowing adjournment of the special meeting to solicit additional proxies if support for the merger had initially been insufficient.

How many United Security Bancshares (UBFO) shares were represented at the special meeting?

A total of 12,019,562 shares were represented and voted at the special meeting. This represented 68.27% of the 17,604,923 issued and outstanding shares entitled to vote, which the company stated was sufficient to constitute a quorum for conducting business.

What were the vote results for approving the merger agreement for UBFO?

For the merger agreement, 11,928,445 shares voted for, 65,144 shares voted against, and 25,973 shares abstained. These results show strong shareholder support for the Agreement and Plan of Merger dated December 16, 2025, between Community West Bancshares and United Security Bancshares.

How did United Security Bancshares (UBFO) shareholders vote on adjourning the special meeting?

On the proposal to adjourn the special meeting to permit further solicitation of proxies, 11,880,814 shares voted for, 98,285 shares voted against, and 40,463 shares abstained. This approval allowed flexibility to extend the meeting if additional votes had been needed for the merger.

Why was a quorum important at the United Security Bancshares (UBFO) special meeting?

A quorum ensures enough shares are represented to make the meeting’s decisions valid. At this special meeting, 12,019,562 shares, or 68.27% of the 17,604,923 shares entitled to vote, were present, enabling shareholders to validly approve the merger and adjournment proposals.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.3 KB