secwatch.observer — SEC 8-K summary
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Issuer:     MainStreet Bancshares, Inc. (MNSB)
CIK:        0001693577
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001437749-24-017296
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693577/000143774924017296/0001437749-24-017296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693577/000143774924017296/main20240513_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-017296

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