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United States

United Bancshares Inc (UBOH.OQ)

UBOH.OQ on NASDAQ Stock Exchange Global Market

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15 Dec 2017
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Summary

Name Age Since Current Position

James Reynolds

77 Chairman of the Board

Brian Young

2012 President, Chief Executive Officer, Director

Daniel Lucke

46 2016 Chief Financial Officer

Heather Oatman

42 2008 Secretary

Daniel Schutt

67 2012 Director

Robert Benroth

52 2003 Independent Director

H. Edward Rigel

72 2000 Independent Director

David Roach

64 2001 Independent Director

R. Steven Unverferth

62 2005 Independent Director

Biographies

Name Description

James Reynolds

Mr. James N. Reynolds serves as Chairman of the Board of United Bancshares Inc. He is a director of The Union Bank Company. Mr. Reynolds formerly served as Chief Executive Officer of the Bank of Leipsic, a role he occupied from 1965 until 1998. He joined the Board of the Bank of Leipsic in 1966 (and, subsequent to the acquisition of the Bank of Leipsic by The Union Bank Company, the Board of The Union Bank Company in 2000) and the Board of United Bancshares in 2000. Mr. Reynolds also is a member of the Compensation Committee.

Brian Young

Mr. Brian D. Young serves as President, Chief Executive Officer, Director of United Bancshares Inc. Mr. Young has been a director of The Union Bank Company since 2008 and of United Bancshares since 2012. Prior to becoming President and Chief Executive Officer in August 2012, Mr. Young served in a variety of executive roles for United Bancshares including as its Chief Financial Officer since 2001 and Executive Vice President since 2005.

Daniel Lucke

Mr. Daniel J. Lucke has been appointed as Chief Financial Officer of the Company, effective July 1, 2016. He has been appointed to Vice President and CFO of its wholly-owned subsidiary, The Union Bank Company (the “Bank”). Mr. Lucke is a Certified Public Accountant and has his Masters of Business Administration. He brings more than 24 years of experience to the Company, including extensive managerial, accounting and financial reporting experiences. Mr. Lucke has served as interim CFO of the Company since April 2016 and Controller of the Bank since June 2015. Prior to joining the Bank, Mr. Lucke was a Controller for a large wholesale distribution company, a role which he held since 2011, and has held other leadership positions in financial reporting, including in the manufacturing sector.

Heather Oatman

Ms. Heather M. Oatman is Secretary of United Bancshares Inc., since April 2008. she serves as the Human Resources Manager for The Union Bank Company since 1996.

Daniel Schutt

Mr. Daniel Walter Schutt serves as Director of United Bancshares Inc. Mr. Schutt formerly served as President and Chief Executive Officer of United Bancshares from January 2005 until his retirement in July 2012. He also served as President of The Union Bank Company from January 2005 to March 2010 and as its Chief Executive Officer from January 2005 until his retirement in July 2012.

Robert Benroth

Mr. Robert L. Benroth serves as an Independent Director of United Bancshares Inc., since 2003. He currently serves as Auditor and Chief Financial Officer for Putnam County. Mr. Benroth joined the Board of The Union Bank Company in 2001 and the Board of United Bancshares in 2003. He serves as Chairman of the Audit Committee, and is a member of the Nominating Committee and the Employee Stock Purchase Plan Committee. Mr. Benroth is a past member of the Accountancy Board of Ohio.

H. Edward Rigel

Mr. H. Edward Rigel serves as an Independent Director of United Bancshares Inc. He is a director of The Union Bank Company. He joined the Board of the Bank of Leipsic in 1979 (and, subsequent to the acquisition of the Bank of Leipsic by The Union Bank Company, the Board of The Union Bank Company in 2000) and the Board of United Bancshares in 2000. He is also President of Rigel Farms, Inc., a role that he has occupied since 1979. Mr. Rigel serves as Chairman of the Nominating Committee and is a member of the Audit Committee.

David Roach

Mr. David P. Roach serves as an Independent Director of United Bancshares Inc. He is a director of The Union Bank Company. He joined the Board of the Citizens Bank of Delphos in 1997 (and, subsequent to the acquisition of the Citizens Bank of Delphos by The Union Bank Company, the Board of The Union Bank Company in 2001) and the Board of United Bancshares in 2001. He is currently the Vice-President and General Manager for First Family Broadcasting of Ohio. Mr. Roach is a member of the Compensation Committee and the Nominating Committee.

R. Steven Unverferth

Mr. R. Steven Unverferth serves as an Independent Director of United Bancshares Inc. He is also the Director of The Union Bank Company. He is also President of Unverferth Manufacturing Corporation, Inc., a large agricultural equipment manufacturer. Mr. Unverferth became affiliated with the Board of The Union Bank Company in 1993 and joined the Board of United Bancshares in 2005. Mr. Unverferth serves as the Chairman of the Compensation Committee and is a member of the Audit Committee.

Basic Compensation