Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
|
FIRST US BANCSHARES, INC. (Name of Issuer) |
Common Stock, par value $0.01 per share (Title of Class of Securities) |
33744V103 (CUSIP Number) |
Charles C. Anderson 202 North Court Street, Florence, AL, 35630 (256) 766-3640 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
03/28/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 33744V103 |
| 1 |
Name of reporting person
ANDERSON CHARLES C | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
 (a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
192,276.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
3.3 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
Notes for Section (13): Calculated in the manner set forth in Item 5. Percentage based on outstanding shares as of March 12, 2025, provided by Issuer.
SCHEDULE 13D
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| CUSIP No. | 33744V103 |
| 1 |
Name of reporting person
Harold M. Anderson | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if
disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
142,500.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
2.5 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
Notes for Section (13):Calculated in the manner set forth in Item 5. Percentage based on outstanding shares as of March 12, 2025, provided by Issuer.
SCHEDULE 13D
|
| CUSIP No. | 33744V103 |
| 1 |
Name of reporting person
Terrence Anderson | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
40,801.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
Notes for Section (13):Calculated in the manner set forth in Item 5. Less than 1%. Percentage based on outstanding shares as of March 12, 2025, provided by Issuer.
SCHEDULE 13D
|
| CUSIP No. | 33744V103 |
| 1 |
Name of reporting person
Anderson CBP LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ALABAMA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
192,276.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
3.3 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
Notes for Section (13): Calculated in the manner set forth in Item 5. Percentage based on outstanding shares as of March 12, 2025, provided by Issuer. Notes for Section (14): Limited Liability Company
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock, par value $0.01 per share | |
| (b) | Name of Issuer:
FIRST US BANCSHARES, INC. | |
| (c) | Address of Issuer's Principal Executive Offices:
3291 U.S. HIGHWAY 280, 3291 U.S. HIGHWAY 280, BIRMINGHAM,
ALABAMA
, 35243. | |
Item 1 Comment:
This Amendment No. 1 to Schedule 13D is dated as of, and filed with the Securities and Exchange Commission on, April 21, 2025. This Amendment No.1 to Schedule 13D (the "Statement") relates to the common stock, par value $0.01 per share (the "Common Stock"), of First US Bancshares, Inc., a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 3291 U.S. Highway 280, Birmingham, AL 35243. | ||
| Item 2. | Identity and Background | |
| (a) | This Statement is being filed jointly by Charles C. Anderson, Harold M. Anderson, Terrence Anderson (collectively the "Reporting Persons"), and Anderson CBP LLC ("Reporting Entity"). | |
| (b) | The business address of Charles C. Anderson is 202 North Court Street, Florence, Alabama 35630. The business address of Harold M. Anderson is 3101 Clairmont Road, Suite C, Atlanta, GA 30329. The business address of Terrence Anderson is 4511 Helton Drive, Florence, AL 35630. The business address of Anderson CBP LLC is 202 North Court Street, Florence, AL 35630. | |
| (c) | The principal occupation of Charles C. Anderson is Managing Member of Anderson & Anderson, LLC. The principal occupation of Harold M. Anderson is Chief Executive Officer of Anderson Press, Inc., a specialty book publishing company. The principal occupation of Terrence Anderson is Chief Executive Officer of American Promotional Events, a fireworks importer and distributor. | |
| (d) | During the last five years, none of the Reporting Persons nor any executive officer of the Reporting Entity has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. | |
| (e) | See Item 2(d). | |
| (f) | Each of the Reporting Persons is a citizen of the United States. The Reporting Entity is a limited liability company organized under the laws of the State of Alabama. Charles C. Anderson is the sole member, sole manager, and only executive officer of Reporting Entity. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
The Reporting Persons and Reporting Entity, who are beneficial owners of Common Stock of the Issuer are filing this Schedule 13D to report the acquisition of beneficial ownership of the Issuer's Common Stock since the filing of the original Schedule 13D on January 5, 2024. All purchases were funded with cash on hand or personal funds. | ||
| Item 4. | Purpose of Transaction | |
The securities of the Issuer acquired by the Reporting Persons and Reporting Entity were acquired for investment purposes. Depending upon market conditions and other factors that each of the Reporting Persons and the Reporting Entity may deem material to his or its investment decision, such Reporting Person or Reporting Entity ma
y make purchases of Common Stock from time to time and may dispose of any or all of the shares of Common Stock held by him or it at any time. The Reporting Persons or Reporting Entity may from time to time review or reconsider their respective positions with respect to the Issuer or formulate plans or proposals with respect to any matter referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D, but have no present intention of doing so. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Charles C. Anderson has beneficial ownership of 192,276 shares of Common Stock, Harold M. Anderson has beneficial ownership of 142,500 shares of Common Stock, Terrence Anderson has beneficial ownership of 40,801 shares of Common Stock, and Anderson CBP LLC has beneficial ownership of 192,276 shares. Charles C. Anderson has shared power to vote and shared power to dispose of 192,276 shares of Common Stock (representing 3.3% of the outstanding Common Stock). Harold M. Anderson has sole power to vote and sole power to dispose of 142,500 shares of Common Stock (representing 2.5% of the outstanding Common Stock). Terrence Anderson has sole power to vote and sole power to dispose of 40,801 shares of Common Stock (representing 0.7% of the outstanding Common Stock). Anderson CBP LLC has shared power to vote and shared power to dispose of 192,276 shares of Common Stock (representing 3.3% of the outstanding Common Stock). Within the last 60 days, the Reporting Persons have made the following purchases: (1) Charles C. Anderson and Anderson CBP LLC purchased 13,648 shares on 3/18/2025, 1,312 shares on 4/11/2025, 581 shares on 4/14/2025, 27 shares on 4/15/2025 and 356 shares on 4/16/2025, (2) Harold M. Anderson purchased 156 shares on 3/18/2025, 271 shares on 3/25/2025, 557 shares on 3/26/2025, 164 shares on 3/27/2025, 3,484 shares on 3/28/2025, 2,636 shares on 3/31/2025, 36 shares on 4/3/2025 and 2,696 shares on 4/4/2025, and (3) Terrence Anderson purchased 10,000 shares on 3/18/2025. The aggregate beneficial ownership of all Reporting Persons and the Reporting Entity is 375,577 shares of Common Stock, constituting 6.5% of the outstanding class. Percentages set forth in this Item 5 are based on 5,752,262 shares of Common Stock outstanding as of March 12, 2025, as reported in the Issuer's Proxy Statement for its 2025 Annual Meeting of Shareholders filed with the SEC on March 27, 2025. | |
| (b) | See Item 5(a). | |
| (c) | See Item 5(a). | |
| (d) | Not applicable | |
| (e) | Not applicable | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Not applicable | ||
| Item 7. | Material to be Filed as Exhibits. | |
99.1 Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Schedule 13D filed by the Reporting Persons on January 5, 2024). | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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