---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-017296"
form_type: "8-K"
ticker: "MNSB"
cik: "0001693577"
company_name: "MainStreet Bancshares, Inc."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T21:26:03.972178+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Shareholders approve increase in authorized common shares and amendment to equity incentive plan at 2024 annual meeting

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-017296
- form_type: 8-K
- ticker: MNSB
- cik: 0001693577
- company_name: MainStreet Bancshares, Inc.
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.07, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1693577/000143774924017296/0001437749-24-017296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1693577/000143774924017296/main20240513_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-017296
- JSON: https://secwatch.observer/filing/0001437749-24-017296.json
- Plain text: https://secwatch.observer/filing/0001437749-24-017296.txt

## Source-grounded claims
- claim_id: 19ecbe3385595faba457cbba2a94403e760cc7bf
  claim: MainStreet Bancshares, Inc.: Increased authorized shares of common stock from 10,000,000 to 15,000,000.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1693577/000143774924017296/0001437749-24-017296-index.htm
- claim_id: ee37c42f7abb576001bbb56043f4c2287a2807c0
  claim: MainStreet Bancshares, Inc. shareholders approved Approval of 2019 Equity Incentive Plan at the 2024-05-15 meeting.
  evidence_excerpt: The Board of Directors adopted, subject to shareholder approval, the 2019 Equity Incentive Plan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1693577/000143774924017296/0001437749-24-017296-index.htm
- claim_id: fd15b680f7bd479a5c1959cfd2a06bc02aaef68c
  claim: 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.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1693577/000143774924017296/0001437749-24-017296-index.htm

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