Company: UBCP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023904
Chunk: 8

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 8
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 thereof, provided that the number so fixed shall not be less than four nor more than twenty-five. Potential nominees for director are recommended by the Nominating and Governance Committee to the Company’s full Board of Directors for nomination thereby in accordance with the policies and principles of its committee charter and the Guidelines. As part of this function, and in accordance with the revised Guidelines, the Nominating and Governance Committee is charged with annually evaluating three individuals for nomination for election to the Board as “core” members thereof (“Core Directors”) and two individuals for nomination as “floating” members (“Floating Directors”). Under the revised Guidelines, if elected by shareholders, all five such Directors are full-voting members of the Board without variation in powers and responsibilities. Under the Guidelines, Floating Directors will generally be selected by the Committee from members of the board of directors of Unified Bank, the Company’s wholly-owned subsidiary, who are not also currently serving as members of the Board of Directors of United Bancorp. It is intended that persons selected for nomination as Floating Directors will be nominated by the Committee for two consecutive one-year terms on the United Bancorp board of directors, subject to election by the shareholders at the annual meeting for each of the two subject years. The Company’s Board of Directors has determined that this structure provides an effective method for educating and preparing the next generation of Company directors, as well as provide the Board’s Core Directors with an adequate opportunity to thoroughly evaluate their performance on an interim basis. It is intended that all Bank-level directors will be afforded an equal opportunity to serve from time to time as Floating Directors, but nomination for such service is not guaranteed, and even if selected, such service in no way guarantees later nomination to the board of directors as a Core Director. Brian M. Hendershot and Bethany E. Schunn have been selected by the Committee as the inaugural floating members of the Board of Directors, and each has served in that capacity since their respective appointments on November 22, 2023. The Board approved the appointment of Scott A. Everson, the Company’s President and CEO, to the position of Chairman of the Board of Directors effective immediately upon the retirement of Richard L. Riesbeck from the Board of Directors on October 20, 2024. The Corporation’s Board of Directors is committed 9 to maintaining strong corporate governance practices that serve the best interests of the Corporation and its stockholders and recognizes that the leadership structure is an important aspect of effective governance. In consideration of the size, complexity, and nature of the Corporation