# EDGAR Filing Document

**Accession Number:** 0000717806
**File Stem:** 0000950170-25-111816
**Filing Date:** 2025-8
**Character Count:** 13178
**Document Hash:** e09d91e14a80eac67836eef5e2d8f178
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-111816.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000950170-25-111816

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20250827

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST US BANCSHARES, INC.
- **CENTRAL INDEX KEY:** 0000717806
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 630843362
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-14549
- **FILM NUMBER:** 251269091

**BUSINESS ADDRESS:**
- **STREET 1:** 3291 U.S. HIGHWAY 280
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35243
- **BUSINESS PHONE:** 2055821084

**MAIL ADDRESS:**
- **STREET 1:** 3291 U.S. HIGHWAY 280
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35243

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST US BANCSHARES INC
- **DATE OF NAME CHANGE:** 20161011

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED SECURITY BANCSHARES INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**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**

Date of report (Date of earliest event reported): August 27, 2025

<u>First US Bancshares, Inc.</u>  

(Exact Name of Registrant as Specified in Charter)

Delaware 000-14549 63-0843362 <br> (State or Other Jurisdictionof Incorporation) (Commission File Number) (IRS EmployerIdentification No.)

3291 U.S. Highway 280

Birmingham**,** Alabama 35243

(Address of Principal Executive Offices, including Zip Code)

Registrant's telephone number, including area code: **(**205**)** 582-1200

**N/A**

(Former Name or Former Address, if Changed Since Last Report)

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

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $0.01 par value | FUSB | The Nasdaq Stock Market LLC |

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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 14a-12 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))

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

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. ☐

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Item 1.01 Entry into a Material Definitive Agreement.**<br>

The information set forth in Item 5.02(d)(5) of this Current Report on Form 8-K with respect to the Director Indemnification Agreement, dated as of August 27, 2025 (the "Indemnification Agreement"), by and between First US Bancshares, Inc. (the "Company") and S. Nathan Gordon is incorporated by reference into this Item 1.01.

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| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

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(d) *Election of S. Nathan Gordon to the Board of Directors*

There are no arrangements or understandings between Mr. Gordon and any other person pursuant to which he was appointed to the positions with the Company and the Bank described above. The Board has affirmatively determined that Mr. Gordon is independent under Nasdaq listing standards and is otherwise qualified to serve on the Boards and the committees to which he has been appointed. Mr. Gordon will receive the compensation described in Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on May 8, 2025; provided, however, that the compensation of the Company's directors may be adjusted by the Board from time to time. Mr. Gordon will also be eligible to receive awards under the Company's 2023 Incentive Plan.

The Bank has banking transactions in the ordinary course of the Bank's business with Mr. Gordon and his family members and entities with which they are associated. All loans by the Bank in which Mr. Gordon or any "related person" within the meaning of Item 404(a) of Regulation S-K of the SEC has or will have a direct or indirect material interest since the beginning of fiscal year 2024 (a) were made in the ordinary course of business; (b) were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Bank; and (c) did not involve more than the normal risk of collectability or present other unfavorable features.

(d)(5) *Director Indemnification Agreement*

On August 27, 2025, the Company entered into the Indemnification Agreement with Mr. Gordon (the "Director") in connection with the Director's membership on the Board of the Company. The Indemnification Agreement is substantially similar to the Director Indemnification Agreements previously entered into between the Company and each of its other current directors.

In general, the Indemnification Agreement provides that the Company will, to the extent permitted by applicable law and subject to certain limitations, indemnify the Director against all expenses, judgments, fines, and penalties actually and reasonably incurred by the Director in connection with the defense or settlement of any civil, criminal, administrative, or investigative action, suit, or proceeding brought against the Director or in which the Director otherwise becomes involved by reason of the Director's relationship with the Company. The Indemnification Agreement provides for indemnification rights regarding third-party proceedings and proceedings brought by or in the right of the Company. Additionally, the Indemnification Agreement provides for the advancement of expenses incurred by the Director in connection with any proceeding covered by the Indemnification Agreement, provided that the Director must undertake in writing to repay any such amounts to the extent that it is determined that the Director is not entitled to indemnification.

No payments pursuant to the Indemnification Agreement are available (i) to indemnify or advance expenses with respect to proceedings initiated or brought voluntarily by the Director and not by way of defense, subject to certain exceptions; (ii) to indemnify the Director for expenses, judgments, fines, or penalties sustained in any proceeding for which payment is actually made to the Director under a valid and collectible insurance policy, except in respect of any excess beyond the amount of such insurance payment; (iii) to indemnify the Director for any expenses, judgments, fines, or penalties sustained in any proceeding for an accounting of profits made from the purchase or sale by the Director of securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended, the rules and regulations thereunder and amendments thereto, or similar provisions of any federal, state, or local statutory law; (iv) to indemnify the Director for any expenses, judgments, fines, or penalties resulting from the Director's conduct that is finally adjudged to have been willful misconduct, knowingly fraudulent, or deliberately dishonest; or (v) in the event that a court of competent jurisdiction finally determines that such payment is unlawful.

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The Indemnification Agreement does not exclude any other rights to indemnification or advancement of expenses to which the Director may be entitled, including any rights arising under the Company's Certificate of Incorporation, Bylaws, any other agreement, any vote of the Company's stockholders or disinterested directors, the Delaware General Corporation Law, or otherwise. The Indemnification Agreement also contains various representations and covenants by the Company as to the maintenance of directors and officers liability insurance.

The foregoing description of the Indemnification Agreement does not purport to be complete and is qualified in its entirety by reference to the Form of Director Indemnification Agreement, a copy of which is attached as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on October 30, 2009 and incorporated herein by reference.

**Item 8.01 Other Events.**<br>

On August 28, 2025, the Company issued a press release announcing the election of Mr. Gordon to the Boards of Directors of the Company and the Bank, which press release contains additional biographical information about Mr. Gordon. A copy of the press release is attached hereto as Exhibit 99.1.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits.

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| | |
|:---|:---|
| <u>Exhibit Number</u> | <u>Exhibit</u> |
| 10.1 | [<u>Form of Director Indemnification Agreement (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 30, 2009)</u>](https://www.sec.gov/Archives/edgar/data/717806/000119312509218794/dex101.htm) |
| 99.1 | [<u>Press Release, dated August 28, 2025</u>](fusb-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**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.

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| | | |
|:---|:---|:---|
| Dated: August 28, 2025 | FIRST US BANCSHARES, INC. | FIRST US BANCSHARES, INC. |
|  | By: | /s/ James F. House |
|  | Name: | James F. House |
|  |  | Chairman, President and Chief Executive Officer |

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## Exhibit 99.1

Exhibit 99.1

**FIRST US BANCSHARES, INC. ELECTS NEW DIRECTOR** 

BIRMINGHAM, AL (August 28, 2025) – First US Bancshares, Inc. (the "Company") (Nasdaq: FUSB) announced today that the Company's Board of Directors has elected Nathan Gordon as a director of the Company and its subsidiary, First US Bank (the "Bank"), effective August 27, 2025. Mr. Gordon will serve on the Asset/Liability Committee, Retail, Operations, and Compliance Committee, and the Information Technology Steering Committee of the Board of Directors of the Bank (the "Bank Board").

Mr. Gordon graduated Summa Cum Laude from Auburn University with an accounting degree in 2008. He also obtained a Masters of Accountancy from Auburn University in 2009. In 2012, Mr. Gordon received a Juris Doctorate from Cumberland School of Law at Samford University in Birmingham and was admitted to the Alabama State Bar.

Mr. Gordon currently is an attorney with Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C. in Birmingham, Alabama and is a shareholder in the firm's Corporate Group. Mr. Gordon has over thirteen years of experience in corporate law, mergers and acquisitions, real estate transactions, tax law, securities law, estate planning and administration, and general business law.

Mr. Gordon is actively involved in a number of community organizations, including the Albert Schweitzer Fellowship in Birmingham, Alabama, where he serves on the board of directors.

**About First US Bancshares, Inc.**

First US Bancshares, Inc. is a bank holding company that operates banking offices in Alabama, Tennessee, and Virginia through First US Bank. The Company files periodic reports with the U.S. Securities and Exchange Commission (the "SEC"). Copies of its filings may be obtained through the SEC's website at <u>www.sec.gov</u> or at <u>www.firstusbank.com</u>. More information about the Company and the Bank may be obtained at <u>www.firstusbank.com</u>. The Company's stock is traded on the Nasdaq Capital Market under the symbol FUSB.

James F. House

205-582-1200

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