secwatch.observer — SEC 8-K summary
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Issuer:     MainStreet Bancshares, Inc. (MNSB)
CIK:        0001693577
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0001437749-23-032249
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MainStreet Bancshares amends bylaws to remove ISS-criticized provisions, declares preferred dividend
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- Bylaws amended to eliminate two provisions criticized by ISS: disclosure of director nominations at other companies within 12 months (plan) and past 36 months (history).
- 2023 Annual Meeting set for May 15, 2023, virtual format; record date to be announced later.
- Preferred Stock dividend of ~$0.47 per Depositary Share ($18.75 per Series A share) payable Dec 30, 2023 to holders of record Dec 15, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693577/000143774923032249/0001437749-23-032249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693577/000143774923032249/main20231107_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-032249

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer