8-K
filed May 16, 2024, 7:59 PM ET
ticker MNSB
CIK 0001693577
other material
confidence high
sentiment neutral
materiality 0.55
Shareholders approve increase in authorized common shares and amendment to equity incentive plan at 2024 annual meeting
MainStreet Bancshares, Inc.
- Authorized common shares increased from 10M to 15M; amendment to Articles of Incorporation effective upon filing with Virginia SCC.
- 2019 Equity Incentive Plan amended to increase share reserve from 650k to 1.15M shares for future awards.
- Directors elected: Charles C. Brockett, Thomas J. Chmelik, Patsy I. Rust (all with majority support).
- Ratification of Yount, Hyde & Barbour, P.C. as independent auditor for fiscal 2024; 6.3M votes for.
- Quarterly cash dividend on Series A Preferred (MNSBP) of $0.47 per depositary share, payable July 1, 2024 to holders of record June 14, 2024.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
MainStreet Bancshares, Inc.: Increased authorized shares of common stock from 10,000,000 to 15,000,000.
- Change
- charter amendment
Exact text from the filing
the proposal to amend the Company's Restated Articles of Incorporation to increase the number of shares of authorized common stock from 10,000,000 to 15,000,000 shares was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.85
MainStreet Bancshares, Inc. shareholders approved Approval of 2019 Equity Incentive Plan at the 2024-05-15 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
The Board of Directors adopted, subject to shareholder approval, the 2019 Equity Incentive Plan
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MainStreet Bancshares, Inc. shareholders approved increase the number of shares of authorized common stock from 650,000 to 1,150,000 shares at the 2024-05-15 meeting.
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
l Meeting of shareholders held on May 15, 2024, the Company's common shareholders approved a proposal to increase the number of shares of authorized common stock from 650,000 to 1,150,000 shares.
View on SEC.gov
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