secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Bancorp, Inc. (MGNO)
CIK:        0002033615
Form:       8-K
Filed at:   2026-06-01T18:15:36+00:00
Accession:  0000927089-26-000101
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033615/000092708926000101/0000927089-26-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033615/000092708926000101/mban20260520_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-26-000101

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