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<DIV style=margin-left:72pt;width:468pt><HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>UNITED STATES</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>Washington, D.C.&#160; 20549</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>FORM&#160;8-K</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>CURRENT REPORT</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>Pursuant to Section&#160;13 or 15(d)&#160;of</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>The Securities Exchange Act of 1934</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>March 12, 2018</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Date of Report (Date of earliest event reported)</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>UNITED BANCSHARES, INC.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Exact name of registrant as specified in its charter)</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<TABLE align=center style=border-collapse:collapse;width:503.95pt><TR style=height:12.4pt><TD valign=top style=width:167.75pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>Pennsylvania</B></FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
</TD><TD valign=top style=width:166.8pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>0-25976</B></FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
</TD><TD valign=top style=width:130.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>23-2802415</B></FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:167.75pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(State or other jurisdiction</FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:166.8pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Commission</FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:130.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(IRS Employer</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:167.75pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>of incorporation)</FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:166.8pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>File Number)</FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:130.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Ident. No.)</FONT></P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<TABLE align=center style=border-collapse:collapse;width:505.1pt;margin-left:3.4pt><TR style=height:12.4pt><TD valign=top style=width:257.55pt><P align=center style='font:10pt Times New Roman;margin:0;margin-left:1.15pt;color:#000000'><FONT style=font-size:10pt><B>30 S. 15<SUP>th</SUP> Street, Suite 1200, Philadelphia, Pennsylvania</B></FONT></P>
</TD><TD valign=bottom style=width:20.15pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
</TD><TD valign=top style=width:227.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>19102</B></FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:257.55pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Address of principal executive offices)</FONT></P>
</TD><TD valign=bottom style=width:20.15pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:227.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Zip Code)</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(215) 351-4600</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Registrant&#8217;s telephone number, including area code</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>N/A</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Former name or former address, if changed since last report.)</FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<TABLE align=center style=border-collapse:collapse;width:495pt><TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4 (c))</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:12.4pt><TD colspan=3 valign=top style='width:495pt;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>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 Sec.230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR Sec.240.12b-2). </FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Emerging growth company  </FONT><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>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. </FONT><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>1</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> SL1 1513150v1 110980.00001</FONT></P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=justify style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><FONT style=font-size:10pt><B>Item 5.02. </B></FONT></KBD><KBD style=margin-left:72pt></KBD><FONT style=font-size:10pt><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain </B></FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:36pt'><FONT style=font-size:10pt><B>Officers; Compensatory Arrangements of Certain Officers.</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'><FONT style=font-size:10pt>On March 12, 2018, Joseph T. Drennan, a Class C Director of United Bancshares, Inc. (the &#8220;Corporation&#8221;) and current Chairman of the Corporation&#8217;s Audit/Compliance Committee, provided the Corporation with notice of his intention to retire effective immediately. Mr. Drennan&#8217;s decision to retire is solely due to personal reasons and did not result from a disagreement on any matter relating to the Corporation&#8217;s operations, policies or practices. </FONT></P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'><FONT style=font-size:10pt>William B. Moore, the current Vice Chairman of the Corporation&#8217;s board of directors, was named as the Chairman of the Audit/Compliance Committee, effective March 12, 2018.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='font-size:10pt;border-bottom:1px solid #000000'>SIGNATURES</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'><FONT style=font-size:10pt>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.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD colspan=4 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>UNITED BANCSHARES, INC.</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD colspan=3 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Dated:&#160;March 15, 2018</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD colspan=3 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD colspan=3 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>By:</FONT></P>
</TD><TD colspan=2 valign=top style='border-bottom:0.75pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>/s/&#160;&#160;  Evelyn F. Smalls</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Name: </FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Evelyn F. Smalls</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Title: </FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>President and Chief Executive Officer</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'><A name=id_9 /><A name=id_10 />&nbsp;</P>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>2</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> SL1 1513150v1 110980.00001</FONT></P>
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{"company-data": {"conformed-name": "UNITED BANCSHARES INC /PA", "cik": "0000944792", "assigned-sic": "6022", "irs-number": "232802415", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25976", "film-number": "18692515"}, "business-address": {"street1": "30 S. 15TH STREET", "street2": "SUITE 1200", "city": "PHILADELPHIA", "state": "PA", "zip": "19102", "phone": "2153514600"}, "mail-address": {"street1": "30 S 15TH STREET", "street2": "SUITE 1200", "city": "PHILADELPHIA", "state": "PA", "zip": "19102"}}
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
March 12, 2018
Date of Report (Date of earliest event reported)
UNITED BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania
0-25976
23-2802415
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Ident. No.)
30 S. 15
th
Street, Suite 1200, Philadelphia, Pennsylvania
19102
(Address of principal executive offices)
(Zip Code)
(215) 351-4600
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report.)
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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 (17 CFR Sec.230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR Sec.240.12b-2).
Emerging growth company
o
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.
o
1
SL1 1513150v1 110980.00001
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On March 12, 2018, Joseph T. Drennan, a Class C Director of United Bancshares, Inc. (the "Corporation") and current Chairman of the Corporation's Audit/Compliance Committee, provided the Corporation with notice of his intention to retire effective immediately. Mr. Drennan's decision to retire is solely due to personal reasons and did not result from a disagreement on any matter relating to the Corporation's operations, policies or practices.
William B. Moore, the current Vice Chairman of the Corporation's board of directors, was named as the Chairman of the Audit/Compliance Committee, effective March 12, 2018.
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 BANCSHARES, INC.
Dated: March 15, 2018
By:
/s/    Evelyn F. Smalls
Name:
Evelyn F. Smalls
Title:
President and Chief Executive Officer
2
SL1 1513150v1 110980.00001