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 SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________


FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

 Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 19, 2012

UNITED BANCSHARES, INC.

(Exact name of Registrant as specified in its Charter)




Ohio


000-29283


34-1516518

(State or other jurisdiction of

incorporation)

(Commission File No.)

(IRS Employer Identification Number)

100 S. High Street, Columbus Grove, Ohio

45830-1241

(Address of principal executive offices)


(Zip Code)

Registrants telephone number, including area code:

 

(419) 659-2141


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 (see General Instruction A.2. below):


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))







Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 1, 2012, United Bancshares, Inc. (the Company) announced that Brian D. Young was elected President and Chief Executive Officer of the Company and Chief Executive Officer and Chairman of the Companys wholly owned subsidiary, The Union Bank Company (the Bank), effective August 1, 2012.  

On June 19, 2012, the Compensation Committee of the Companys board of directors finalized the modifications to Mr. Youngs compensation as a result of the changes to his employment described above, each to be effective August 1, 2012.  Mr. Youngs base salary will be increased to $249,000 from $195,000.  In addition, Mr. Youngs Salary Continuation Agreement has been amended to provide for an increase in the amounts payable to Mr. Young upon the occurrence of certain events, including retirement, termination of employment without cause, disability and death.  A copy of Mr. Youngs Amended and Restated Salary Continuation Agreement is furnished as Exhibit 99.1 to this Form 8-K.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description







99.1


Amended and Restated Salary Continuation Agreement Brian Young







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 thereunto duly authorized.







United Bancshares, Inc.



Date:  June 22, 2012



By: /s/James N. Reynolds







James N. Reynolds

Chairman, United Bancshares, Inc.