---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-26-000101"
form_type: "8-K"
ticker: "MGNO"
cik: "0002033615"
company_name: "Magnolia Bancorp, Inc."
filed_at: "2026-06-01T18:15:36+00:00"
generated_at: "2026-06-01T18:17:26.177794+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Magnolia Bancorp names Robert Kimbro President/CEO; Hurley becomes Executive Chair

## Summary
- Michael Hurley, 78, steps down as President/CEO of Magnolia and Mutual Savings effective June 1, 2026; becomes Executive Chair.
- Robert Kimbro, 68, CPA and former Ernst & Young partner, appointed President/CEO with $175,000 base salary.
- Hurley's salary reduced from $295,620 to $175,000 to offset successor costs; new Executive Committee formed.
- Shareholders at May 28, 2026 annual meeting elected directors Andressen and Burkhalter and ratified Mauldin & Jenkins as auditor.

## SEC filing metadata
- accession: 0000927089-26-000101
- form_type: 8-K
- ticker: MGNO
- cik: 0002033615
- company_name: Magnolia Bancorp, Inc.
- filed_at: 2026-06-01T18:15:36+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000101/0000927089-26-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000101/mban20260520_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-26-000101
- JSON: https://secwatch.observer/filing/0000927089-26-000101.json
- Plain text: https://secwatch.observer/filing/0000927089-26-000101.txt

## Source-grounded claims
- claim_id: 5b62462ffe
  claim: Robert W. Kimbro was appointed as President and Chief Executive Officer at Magnolia Bancorp, Inc..
  evidence_excerpt: On May 28, 2026, both the Company and the Association appointed Robert W. Kimbro as their President and Chief Executive Officer effective as of June 1, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000101/0000927089-26-000101-index.htm
- claim_id: 2565408676b70c8009675fd335e1ef1894df27f1
  claim: Magnolia Bancorp, Inc. shareholders approved To ratify the appointment of Mauldin & Jenkins, LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2026. at the 2026-05-28 meeting.
  evidence_excerpt: 2. To ratify the appointment of Mauldin & Jenkins, LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2026. For Against Abstain 519,701 70,599 725
  evidence_url: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000101/0000927089-26-000101-index.htm
- claim_id: 3c8a33c9a7a8c8eb883852c4f3d9c7f7845833dc
  claim: Magnolia Bancorp, Inc. shareholders approved Election of directors for a three-year term at the 2026-05-28 meeting.
  evidence_excerpt: Election of directors for a three-year term: For Withheld Broker Non-votes John H. Andressen 445,969 12,300 132,756 Peyton B. Burkhalter 445,969 12,300 132,756
  evidence_url: https://www.sec.gov/Archives/edgar/data/2033615/000092708926000101/0000927089-26-000101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.