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Section 1: 8-K (8-K)

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): November 20, 2019

 

 

UNITED BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Ohio   0-16540   34-1405357
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)
201 South 4th Street, Martins Ferry, Ohio   43935-0010
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (740) 633-0445

(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:

 

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))

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, Par Value $1.00   UBCP   NASDQ Capital Market

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.  ☐

 

 

 


Item 8.01.

Other Events.

On November 21, 2019, United Bancorp, Inc. issued a press release announcing the declaration by its Board of Directors on November 20, 2019 of the Company’s dividend for the fourth quarter of 2019, which will be payable on December 20, 2019 to shareholders of record on December 10, 2019. A copy of the press release is furnished herewith.

 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits

The following exhibits are furnished herewith:

 

Exhibit
Number
  

Exhibit Description

99    Registrant’s press release dated November 21, 2019

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.

 

Dated: November 22, 2019

   

UNITED BANCORP, INC.

     

/s/ Scott A. Everson

      Scott A. Everson, Chief Executive Officer
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Section 2: EX-99 (EX-99)

EX-99

EXHIBIT 99

 

LOGO

 

 

 

PRESS RELEASE

 

 

 

United Bancorp, Inc.

201 South 4th at Hickory Street

Martins Ferry, OH 43935

 

Contact:        

  

Scott A. Everson

  

Randall M. Greenwood

  

President and CEO

  

Senior Vice President, CFO and Treasurer

Phone:

  

(740) 633-0445 Ext. 6154

  

(740) 633-0445 Ext. 6181

   [email protected]    [email protected]

FOR IMMEDIATE RELEASE:        11:00 AM        November 21, 2019

United Bancorp, Inc. Declares an Increase in its Fourth Quarter Regular Cash Dividend Payment at $0.14 per Share, which Produces a Forward Yield of 5.02%

MARTINS FERRY, OHIO ¨¨¨ On November 20, 2019, the Board of Directors of United Bancorp, Inc. (UBCP) declared a fourth quarter dividend payment of $0.14 per share for shareholders of record on December 10, 2019 with a payment date of December 20, 2019. This payment is greater than the cash dividend paid in the third quarter, which was $0.1375, and is the fourth quarterly increase in 2019. At this present cash dividend payout level, the forward yield is 5.02% based on the most recent quarter-ending market price.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $675.8 million and total shareholder’s equity of $60.1 million as of September 30, 2019. Through its single bank charter, Unified Bank, the Company has nineteen banking centers that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas. The Company also operates a Loan Production Office in Wheeling (Ohio County), WV and has begun construction on a new full-service banking center in Moundsville (Marshall County), WV, which is scheduled to open sometime in the early second quarter of 2020. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

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